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Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

2020 Alfa Romeo Stelvio Quadrifoglio Road Test | The driver's choice becomes less compromised

The 2020 Alfa Romeo Stelvio Quadrifoglio marks the third model year of the Italian SUV. And every time we’ve driven it, weÂ’ve come away smitten with its driving dynamics but disappointed in areas of technology and finish. So, Alfa Romeo has made some changes, upgrading some interior pieces, revamping the infotainment system and upgrading the driver assist systems. Wisely, everything mechanical has been left alone. The result: This is the best version of arguably the best-driving performance crossover on the market. But it still has room for improvement that could continue to sway some buyers to the competition. WeÂ’ll start with a recap of the best part of this crossover: how it drives. The now famed Ferrari-derived 505-horsepower V6 is the headline grabber, for good reason. It delivers loads of power and does so smoothly and across most of the rev band. It sounds great when driving in Dynamic or Race mode. The transmission itÂ’s connected to, an eight-speed automatic, shifts smoothly and reasonably quickly, but some of the competition can crack off shifts faster. But what really makes the Quadrifoglio shine is the combined capability of the chassis and all-wheel-drive system. They provide enormous amounts of grip and a neutral feeling that encourages you to keep adding power through every corner. It feels light and responsive, more like a car than a crossover. ThereÂ’s a bit more body roll than you might expect for such a serious sporting machine, but itÂ’s not unwelcome. It gives the Stelvio a fluid, lively feel, not unlike what you would find in a Miata, which is also slightly roly-poly. The Stelvio is never upset by bumps, either, and the ride ranges from compliant to bouncy depending on the driving mode. The steering in Dynamic and Race mode is extremely well-weighted and progressive, though in Normal mode, itÂ’s a bit light and numb. On the whole, though, the Alfa is wonderful to drive. Nevertheless, itÂ’s also a luxury crossover starting at over $80,000, so it canÂ’t just drive well. It needs to provide a premium experience with plenty of gizmos to justify the price. In this area, the Quadrifoglio makes a solid initial impression. Every surface is covered in either leather or carbon fiber, and features double stitching at every seam. It looks and feels lovely. The interiorÂ’s crown jewels, though, are the huge aluminum shifter paddles.

Alfa Romeo to go all-electric by 2027

On an earnings report last week, Alfa Romeo parent company Stellantis tacked on some electrification plans for its 14 brands. One surprising piece of information: Alfa Romeo would be the first of them to go fully electric, and it'll happen by 2027. We've known that Alfa Romeo would eventually go electric, but it's a bit surprising to hear that Stellantis wants it to happen on such a short timeline, and that it would spearhead its EV push. Alfa Romeo has been one of the most protected brands in the Stellantis empire, and one of the most traditional as well. The often quirky but nevertheless beloved brand has long been a favorite among car enthusiasts. In fact, brand heritage is so important that back in 2014 the company opted to develop its own Spider rather than borrow a platform from the ND Miata (That car went to become the Fiat 124 instead). Stellantis didn't confirm what the first Alfa EV would be, but it could arrive in the form of a subcompact crossover about the size of a BMW X1. It could also share the platform with other Stellantis brands like Peugeot, Fiat and Jeep and is slated to debut in 2022 or 2023. In the meantime, Alfa Romeo is working on the Tonale plug-in hybrid electric, which was recently delayed. Reportedly, Stellantis head Jean-Philippe Imparato was not satisfied with the hybrid-electric system. The PHEV crossover will share a platform with an upcoming Jeep model as well. It should arrive in early 2022 if things stay on track from here. The express timeline also indicates that the new Stellantis STLA large-vehicle architecture will have to be ready before 2027. It's set to replace the sharp-handling rear-wheel-drive Giorgio platform that underpins the Giulia and Stelvio. And while it'll be shared across multiple Stellantis brands, Imparato has promised Alfa Romeo-badged cars will retain the qualities that have made the name so special. In the same report, Stellantis confirmed that Opel would go all-electric by 2028 and Fiat would follow by 2030. Related Video: 2021 Jeep Wrangler 4xe plug-in hybrid powertrain feature walkthrough | Autoblog