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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.

'Sylvan Rock' by Aston Martin could be your home for $7.7 million

Aston Martin is known for some of the most gorgeous automotive designs ever produced, but occasionally it lends that expertise to other items. Sylvan Rock, a 55-acre luxury residential resort to be constructed in New York's Hudson Valley in partnership with New York's S3 Architecture, is one such venture. It's also Aston Martin's first collaboration in the design of a private home. Sylvan Rock will be built about 80 miles north of New York City, near Rhinebeck. Calling it a house is underselling it; even the property's own website refers to it as a "compound." It comprises a nearly 6,000-square foot primary residence, three guest "pods," a pool, pool house, tree house and garden. Oh, and yes, there's a three-car garage, but that's not what really sells Sylvan Rock as a driver's home.  "Driving down a bucolic country road, enjoying the curves in the road, you arrive at an unassuming gatehouse entrance to the private driveway. Along the driveway, the property unfolds onto a secluded luxury retreat," the promotional material enthuses. Sounds like a nice little spot, doesn't it? That's straight from the description on the property web site, which is linked above. It has detailed plans and a much larger gallery of rendered images. Here are the quick specs: Residence | 5,983 SF 4 bedrooms, 4 bathrooms, 2 half baths 3 car garage Pool and deck Pool House | 873 SF Three Guest House “Pods” | 1,574 SF Treehouse - Architect designed Food Garden and Trails Total finished spaces in compound: 8,430 SF If you can part with a cool $7.7 million, it could be your new home away from your 17 other homes, provided you can wait until 2022, when construction will be finished. Oh, and if you have another couple hundred grand burning a hole in your pocket, Aston Martin will even throw in a new DBX in matching Onyx Black. Honestly, if you can flash the cash, I'm sure they'll sell you as many cars as you want — or, you know, shares. They'll even throw in a picnic basket for free. Yes, that last part is real.  Featured Gallery Aston Martin Sylvan Rock View 9 Photos Auto News Design/Style Marketing/Advertising Aston Martin Luxury

NHTSA grants Aston Martin temporary exemption from new safety standards

A few months ago, we reported that Aston Martin was in danger of running afoul of new US safety regulations that could force it to take some of its most popular models off the market. The automaker, its dealers and – according to the overwhelming results of our informal online pole – you yourselves reasoned that the constricting regulations were unfair to a small-scale, niche automaker like Aston Martin. And the National Highway Traffic Safety Administration evidently agrees, granting the British automaker a temporary exemption from the regulations and allowing it to keep its cars on the US market. The issue comes down to new side-impact crash standards that require motor vehicles to better withstand a collision with a stationary object like a pole or a tree. The Vantage and DB9 models do not meet the new regulations, and Aston, it seems, doesn't have the wherewithal to re-engineer the cars to meet the regulations. But given the small nature of the independent automaker and the relatively small number of vehicles it sells, NHTSA has granted Aston an exemption. As a result, instead of being forced to comply with the new regulations that took effect for the coupes this past September and for convertibles the next – or else withdraw from the market altogether – the DB9 coupe will have until August 2016 to comply, while the DB9 Volante and both coupe and convertible models in the Vantage line will have until August 2017. It's entirely possible that, by that point, Aston will have all-new models on offer, potentially replacing the Vantage and DB9 models or giving it sufficient new products to offer that taking those older, non-compliant models off the market would not cause it the same degree of financial harm. The automaker has an all-new platform in the works and a new engine deal with Mercedes-AMG in place, and was recently spotted testing what could be the first of its new generation of models at the Nurburgring.