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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 DB10 based on V8 Vantage

If you looked at the new DB10 that Aston Martin revealed just a few days ago and thought as we did that it looked an awful lot like a reskinned Vantage, there's good reason for that. According to Automotive News, a reskinned V8 Vantage is exactly what the DB10 is. Instead of basing the limited-production spymobile on the new architecture it's developing and fitting it with the new engine it's sourcing from Mercedes-AMG, the DB10 is built around the same VH platform and V8 engine as the aging Vantage. Though it's evolved over the years, the VH platform dates back to the V12 Vanquish that launched way back in 2001. The second generation of that platform underpins the Vantage on which the DB10 is reportedly based, powered by a version of Jaguar's AJV8 engine that dates back to 1996. What is new about it is the design language that the new DB10 previews. More than any recent concept – like the DP-100 Vision Gran Turismo, CC100 Speedster or the most recent Zagato one-offs – the DB10 is said to embody the new direction in which Marek Reichman and his team plan to take the company's styling, moving away from the current theme it has employed for the past couple of decades. So while the DB10 you see here may not be packing much in the way of new technology, the subsequent models that will follow its lead hopefully will.

Bond does a machine-gunning Aston Martin donut in first 'No Time to Die' trailer

James Bond doesn't just drive an Aston Martin. He doesn't just do donuts, and he doesn't just shoot machine guns. Double-oh-seven does donuts in an Aston Martin DB5 while Gatling guns pop out of its headlights and snipe his enemies. The stunt is one of the most eye-popping visuals in the first official trailer for the newest film in the Bond franchise, "No Time to Die." For the last time, a Bond trailer debuts with Daniel Craig as the lead man, and it puts all of the information we've been collecting throughout the past few months into an action-packed 2 1/2 -minute clip. The trailer starts exactly how we'd hoped, with a car chase between the DB5, Jaguars, and some motorcycles. Even before the new footage, Aston Martin detailed exactly which cars we'll see in the new flick. To some degree, the Valhalla, the DBS Superlegerra, the V8 Vantage, and the DB5 will all make appearances. While the DB5 seems to be Bond's vehicle of choice, the trailer shows newcomer Nomi (played by Lashana Lynch) driving the DBS. In addition to the Range Rover seen flipping in the clip, we also expect to see the new Land Rover Defender in the film.  As is typical of any Bond story, 007 seems to get caught in a trap, as he navigates his relationship with Lea Seydoux as Madeleine Swann and chasing Rami Malek, the new villain Safin. Here's the synopsis straight from YouTube:  In No Time To Die, Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology. We also see appearances from Ralph Fiennes as M, Christoph Waltz as Ernst Stavro Blofeld, Naomie Harris as Moneypenny, and Jeffrey Wright as Leiter. "No Time to Die" releases April 8, 2020. Celebrities TV/Movies Aston Martin Videos James Bond trailer Daniel Craig db5 No Time to Die