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Fiat Chrysler open to mergers, and PSA is looking for one

GENEVA — Fiat Chrysler (FCA) is open to pursuing alliances and merger opportunities if they make sense, but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said on Tuesday. "We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future, I will look at that," Manley told reporters at the Geneva Motor Show. Asked whether he would consider selling Maserati to China's Geely Automobile Holdings, as suggested by recent media reports, Manley said: "Maserati is one of our really beautiful brands and it has an incredibly bright future. ... No." FCA is often cited as a possible merger candidate. Bloomberg said this week that the Italian-American carmaker was attractive to France's PSA Group given its exposure to the U.S. market and its popular Jeep brand. The Detroit News' headline on the situation Friday read, "Fiat Chrysler CEO open to a deal as PSA circles" and stated that Manley's open-to-just-about-anything comments were aimed directly at PSA. Bloomberg said talks between the two were preliminary and said PSA chief Carlos Tavares has also contemplated mergers with General Motors or Jaguar Land Rover, which is losing money for Indian owner Tata. PSA has enjoyed a decade of turnaround and has $10.2 billion in net cash available. The maker of Peugeot, Citroen and DS, acquired Opel and Vauxhall in 2017 and made them almost instantly profitable. Manley, who took over after the death of Sergio Marchionne, said he currently had no news on possible deals. Manley also said the world's seventh-largest carmaker, which is lagging rivals in developing hybrid and electric vehicles, would take the least costly approach to comply with increasingly more stringent European emissions regulations. "There are three options. You can sell enough electrified vehicles to balance your fleet. Two: You can be part of a pooling scheme. Three is to pay the fines," he said. "I don't see a scenario when (carmakers) continue to subsidize technologies ... indefinitely." The carmaker had said last June it would invest 9 billion euros ($10.19 billion) over the next five years to introduce hybrid and electric cars across all regions to be fully compliant with emissions regulations. Asked about a 5-billion-euro investment plan for Italy FCA announced in November but then put under review, Manley said the plan had been confirmed as originally presented.

New Maserati Ghibli, Levante F Tributo special editions honor a legend

Maserati is harkening back to its racing heritage with two special edition models: the Ghibli F Tributo and Levante F Tributo. Maserati had its Formula One debut in 1954 in the legendary 250F driven by Juan Manuel Fangio. Maserati says the F Tributo honors Fangio, who was a five-time World Champion, the first F1 driver to achieve that feat. Fangio originally drove for Maserati in 1952-54. He returned to Maserati in 1957 and won his career-defining fifth World Championship in a Maserati 250F. The special edition cars are available in two colors: Azzurro Tributo (bright blue) and Rosso Tributo (bright red). Bright blue represents Maserati's home city of Modena, while bright red is the traditional racing color of Italy. The cars' yellow brake calipers and wheel accents are a reference to the red-and-yellow livery of Fangio's Maserati 250F. Red and yellow also are used inside, where buyers can choose either as the contrast stitching for the black "Pieno Fiore" leather. Outside, 21-inch black wheels, black badges, and a body-color trident logo complete the look. The Maserati Ghibli and Levante F Tributo were unveiled at Auto Shanghai. Maserati will offer the two Fangio specials in the U.S. market, and a total of 345 will be produced worldwide. The Ghibli F Tributo is based on the S GranSport ($88,035) or the Q4 GranSport ($90,535), both of which feature a 424-hp turbocharged V6. The Levante F Tributo also is based on the S GranSport trim level ($95,385) with the same engine. Pricing of the F Tributo will be available closer to the North American on-sale date of June 2021. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Maserati highlights its racing heritage with MC Edition models

Maserati is slowly renewing ties with its illustrious racing heritage. After returning to the supercar segment with the MC20, which should hit the track sooner or later, it released a competition-inspired version of the Ghibli, the Quattroporte, and the Levante called MC Edition. Fittingly, every MC Edition model starts life with a V8 engine under the hood. Buyers can select two colors called Giallo Corse and Blu Vittoria, respectively, names that mean Racing Yellow and Victory Blue in Italian. Maserati explained that yellow and blue are the colors of Modena, its home town. MC Edition cars also get specific exterior emblems, Piano Black trim, and 21- or 22-inch gloss black wheels depending on the model; the Levante rides on 22s while the sedans ship with 21s. Blue brake calipers add a finishing touch to the look. Inside, every MC Edition receives a sunroof, a Bowers & Wilkins sound system, and the very un-racing-like Driver Assistance package. The interior is just as striking as the exterior: Maserati added black leather upholstery with denim inserts, yellow and blue stitching, plus a number of blue carbon fiber accents on the dashboard, the center console, and the door panels. "MC Edition" is embroidered into the headrests. Nothing suggests that the racing inspiration permeates the powertrain; don't expect to pop the hood and be greeted by Weber carburetors with trumpets. Maserati hasn't published technical specifications, but the only V8 available in the Ghibli is a 3.8-liter twin-turbocharged unit fitted to the Trofeo model and tuned to develop 580 horsepower and 538 pound-feet of torque. The Levante and the Quattroporte are offered with this engine as well. It develops 590 horsepower in the American-spec Levante, though European models settle for the Ghibli's output. Maserati will begin shipping MC Edition cars to customers in Europe, in Asia, and in China in February 2022. Pricing information hasn't been announced yet. And, there's no word yet on whether the special-edition models will be sold in the United States as well. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2022 Maserati Ghibli, Quattroporte, and Levante MC Edition View 14 Photos Design/Style Maserati SUV Luxury Special and Limited Editions Performance Sedan