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Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.

Aston Martin working on an inline-six to replace Mercedes-sourced V8?

There's no straight line to figuring out whether Aston Martin plans a straight-six motor for future products. In March, comments by the automaker's chief engineer for vehicle attributes, Matt Becker, led many to believe the British firm could use the Mercedes-AMG 3.0-liter hybridized inline-six from the new CLS53. A week later, Becker said his comments had been misconstrued, that he "was speaking in more general terms that we might have to one day look at downsizing engines." Autocar just threw a new curve, citing "a source close to the firm" to report that Aston Martin's working on its own straight-six. The English outlet says the deal Aston Martin signed with Mercedes-AMG was a stopgap deal while Aston Martin worked on proprietary engines. The report says the inline-six developed in Gaydon would eventually replace the 4.0-liter twin-turbo V8 currently powering the DB11 and Vantage. If this purported inline-six were augmented with electrification, perhaps developed with help from the electric Rapid E program, it could make more sense of Becker's first, misconstrued comments. At the time, Becker said the Mercedes hybridized engine "could fit with the brand in the future." Taken generally, he could have meant an Aston Martin version of the German engine. The certainty is that there's a six-cylinder coming for larger-volume series production models, yet the reports and denials put competing rumors and powerplants in play. Aston Martin installs a 5.2-liter V12 in the DBS Superleggera, and Autocar suspects an inline-six could be derived from that engine. The automaker already has a six-cylinder in development, though, that being the turbocharged hybrid V6 said to be headed to the Ferrari- and McLaren-fighting Valhalla. Creating two new six-cylinder engines in different formats seems an odd choice for a tiny manufacturer. What about the rumors that say the DBX crossover could get a six-cylinder? In July, when Motoring asked chief creative officer Marek Reichman about it, he said the DBX "could [use a Mercedes-sourced six-cylinder], because that would be a pretty good engine and combination. Potentially." Autocar suggests, however, that the DBX will be first in line for the in-house inline engine. Aston Martin has a storied history with the inline-six, all of them with links to other automakers. The legendary inline-six in the original DB cars of the mid-20th century were originally drawn up by Walter Owen Bentley - yes, that W.O.

Patrick Stewart marks Beatles anniversary with a story about driving Paul's Aston Martin

Hollywood celebrated the 50th anniversary of The Beatles' Abbey Road album with a temporary zebra crosswalk and a speech from longtime fan and friend, actor Patrick Stewart.  Stewart unveiled a sign dedicated to the album at the event. And though he has gone on in life to race cars, he recalled a story (video below) about nervously driving Paul McCartney's Aston Martin when he was a 24-year-old. "We drove from Bristol to Bath and back. And all the way Paul kept saying, 'Come on put your foot down, overtake, overtake.' And all I could think was, 'If I killed Paul McCartney ...'" For Stewart, being able to call Paul and Ringo lifelong friends is still surreal. "I saw Paul and Ringo about six weeks ago, just by accident, by chance in a restaurant. And it is always whenever I meet Paul as though no time has passed at all. He has an immediacy of behavior, a spontaneous way of behaving which is remarkable." The Abbey Road album was released Sept. 26, 1969, and was the last one the group recorded together as a band. A special anniversary edition of the album has been released with new mixes and unreleased session recordings and demos. Celebrities Aston Martin beatles