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VW, Fiat deny merger talks

All parties involved are actively denying a potentially Earth-shattering shakeup in the automotive universe, as a German business publication claimed that Volkswagen and Fiat have been discussing the possibility of a merger.
The magazine, Manager Magazin, claimed that Fiat was looking to ditch its volume automotive business in order to focus even more heavily on Ferrari, according to Automotive News Europe. The report claims that the merger would allow Chrysler to help bolster the Volkswagen brand in the United States.
Not surprisingly, Volkswagen, Fiat and the Agnelli family (which owns a 30-percent stake in FCA) have all denied this report. VW has said it's focusing on efficiency within its own group, and isn't looking at any takeover plans, according to AN. The Agnelli family, meanwhile, has also denied talks, while Fiat officials say are unaware of any talks.

Fiat 500 Cattiva coming in Q4, priced from $18,350*

When it comes to the 2013 Fiat 500 Cattiva, we already knew that the show car would make it into production, we just didn't know when... until now. Fiat has announced that the "naughty" 500 Cattiva will be unveiled at the Concorso Italiano in Monterey, CA, and it will go on sale in the fourth quarter of this year, with models based on either the 500 Sport or 500 Turbo. Pricing will start at $18,350 for the Sport Cattiva - *not including $800 for destination - with the Turbo commanding an extra $2,000.
Looking almost identical to the concept car we saw earlier in the year at the Detroit Auto Show, the Fiat 500 Cattiva will have a custom look with its blacked-out headlights and taillights, 16-inch wheels and gloss black-painted roof and liftgate spoiler. The Cattiva also features a matte black instrument panel, black and gray seats (cloth is standard, leather is optional) and a leather-wrapped shift knob and steering wheel. Scroll down for Fiat's official press release on this car, and stay tuned for live coverage of the car's unveiling this Friday.

Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.