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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.

Xcar takes us behind the scenes of Aston Vantage video shoot

Xcar makes some of the best car videos on the internet, which is why we enjoy bringing them to your attention whenever they surface. And if you've taken the time to watch any of them, it probably won't surprise you to find out they don't just come together all on their own. Like any production, the producers at Xcar do their homework, take their time to set up, shoot and reshoot segments, and surely spend plenty of time in post-production as well. It's a labor of love, but as you can see from this latest "behind the scenes" video, it's not always pleasant. This video shows us what it was like to put together the video with the Aston Martin V12 Vantage S Roadster released a couple of months ago. The talents behind the video series took the unusual decision of filming the drop-top supercar in the sleet and snow of the Welch countryside, enduring some punishing conditions in the process... but it all proved worth the effort for the video that resulted.

Aston Martin Valkyrie gets insane 1,100-horsepower AMR Pro model

We still have yet to see the final production version of the road-going Aston Martin Valkyrie hypercar, but that hasn't stopped Aston from creating an even more extreme version of the already radical car. It's called the Valkyrie AMR Pro, and it's lighter, more powerful, has more downforce, and is only for use on the track. Powering the Valkyrie AMR Pro is a version of the standard car's naturally aspirated hybrid V12. In this guise, Aston says it produces 1,100 horsepower, more than the standard car. That engine won't have much to carry around, either, since Aston is aiming to have the Valkyrie AMR Pro weight just about 1,000 kilograms, or about 2,200 pounds. To hit that weight, Aston is using lighter carbon fiber for the body, carbon fiber control arms, a lighter exhaust, polycarbonate windows, molded seats, and it has removed the HVAC fan and infotainment system. Fortunately, Aston is including heater elements in the windows so that they don't fog up in wet or cool weather. The Valkyrie AMR Pro's body shape is different, too, and it has been changed to increase downforce. It has usual changes such as large front and rear wings. It also has a tall center fin like that found on prototype and F1 race cars. The body itself is wider, too. All told, Aston expects the car to produce over 2,200 pounds of downforce. The combination of all these performance enhancements means the car can achieve a claimed top speed of 225 mph, as well as cornering forces of over 3G. Aston Martin didn't reveal pricing, but it doesn't matter. Aston already sold all 25 Valkyrie AMR Pros it will build. The company says that they'll be delivered sometime in 2020. Related Video: