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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.

2018 Aston Martin Vantage Drivers' Notes Review | English style, German heart

Editor-in-Chief Greg Migliore — The Vantage continues Aston Martin's evolution as a modern sports- and supercar maker. This machine feels special. It's gorgeous and translates Aston's design language effectively. It sounds intoxicating. I blasted around Detroit's sleepy suburbs one chilly night and felt a bit like James Bond. The AMG-sourced V8 is well-calibrated and works smoothly with the eight-speed automatic. Pulling the paddles is obviously fun. The steering returned proper feedback with adequate weight. The chassis is tight but not abusive. Considering the Vantage has so much power and technical prowess, it's still imminently drivable. I was comfortable almost immediately, and it's the kind of car that left me feeling satisfied and wanting more. That's the essence of Aston. Senior Editor, Green, John Beltz Synder — The V8 Vantage holds a special place in my heart, and my heart was beating faster just looking at it in our parking lot. It's a gorgeous car, and it stands up to close inspection. I love the detail, the colors, the look of the materials and how they accentuate the car's design. That attention to detail is even more pronounced inside the car, where there's something interesting going on everywhere you look, including the headliner. Driving the car is a lot calmer than you might expect. Yeah, it's fast and a bit stiff, but not jarringly so. The AMG V8 and eight-speed transmission work wonders together. The acceleration is smooth and linear, with shifts happening in an instant, and without drama. Plus, I love the giant paddle shifters mounted on the steering column. They're thin, but extremely long, and they're always right where you expect them to be when you reach out with your finger. There were just a couple things that stood out to me as imperfect. On the infotainment interface on the center tunnel, the control wheel is tucked away, which helps keep you from accidentally bumping it, but makes it a little awkward to use. The other thing was that the whole driver seat moved around underneath me. I'm sure Aston saved some weight with these seats, but this didn't feel very securely attached to the floor. I forgot about both of those things as I found my way out of traffic and onto some curvy roads. This thing builds and carries a ton of speed with ease. And as good as it looks in its natural state of motion, this car was turning heads — and cellphones — when prowling through the parking lot.

James Bond will return ... in an Aston Martin DB5

The 25th James Bond film has a title: "No Time to Die." Honestly, it's bit generic and indicative of the Brosnan-era films or a post-Fleming novel. Whatever, as a diehard 007 fan, they could call it "Octopussy 2: Revenge for Vijay" and I'd still be giddy with anticipation.  Now, though I'm desperate to avoid spoilers, I couldn't help but notice news over at James Bond experts MI6-HQ that filming has begun in Italy with an Aston Martin DB5. They share images of multiple DB5's in a car transport along with what appears to be some new Jaguars. As you might recall, "Spectre" ends with Bond driving off into the sunset in his DB5 with Madeleine Swann. We already knew that Lea Seadoux would be returning for "No Time to Die," and now we know the car is coming back, too.  However, there was also the earlier news that another classic Bond Aston Martin would be returning: the V8 Vantage featured in "The Living Daylights." Same number plate and everything. That sounds absolutely awesome, yet I'm also sad I know it. Damned spoilers. Wait, I guess I'm now part of the problem.  Related Gallery 007 Best James Bond Cars View 20 Photos