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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

It only took 2.5 years to create the Alfa Romeo Giulia

Automakers are capable of some remarkable things. Take Alfa Romeo, for example. A new vehicle generally takes four to five years to go from conception to production, but with the stunning new Giulia, the iconic Italian brand allegedly did it in less than three years. That's according Chief Engineer Philippe Krief, who spoke to Car about the, um, car. "You ask every carmaker: doing a car in two years, everyone will tell you it's not possible," Krief told Car. "The industry standard says four, the longest say five years, everywhere in the world. We had to do it in two and a half years. [Sergio] Marchionne said – and he's right – the only way to achieve that is to be different." Remarkably, this was done with just 11 people, handpicked by Krief. This so-called Skunkworks approach allowed for fast decision making and brainstorming, and consequently, stuff like the torque-vectoring system and active aerodynamics on the Quadrifoglio. While we love talking about Alfa's notorious Cloverleaf trim, Krief also let some details slip on additional members of the Giulia family, beyond the 510-horsepower, 3.0-liter, twin-turbocharged V6 model. We can expect to see those in a few months time, at the 2015 Frankfurt Motor Show. And yes, that could include a four-cylinder model and a diesel V6. "Probably," Krief said, when asked about a four-cylinder model. "And we are package-protected for V6 diesel, we can install it in the car and after we can decide whether to put it in or not." So there you are. While the big news remains the Quadrifoglio, Alfa is set to expand the Giulia's engine range, and it'll do so very soon. Stay tuned. Related Video:

2015 Alfa Romeo 4C Spider First Drive [w/video]

New cars are getting, to quote Alice during her Adventures in Wonderland, "curiouser and curiouser." Take the Alfa Romeo 4C, a car from a mass-market European brand with supercar-like construction at a price that starts under $55,000. The exotic looks on the outside are countered with an almost pre-war era lack of frills on the inside, but the 4C drives like a street-legal go-kart when you put it to work. That price is either a bargain or a ripoff, depending on your priorities. This oddity now has a topless variant in the 2015 Alfa Romeo 4C Spider, which is almost identical to the coupe at first glance. On the stat sheet, two numbers separate this open-top car from its closed-cabin sibling. The first is ground clearance, which goes down in the Spider: 4.4 inches here compared to 4.5 inches in the coupe. The second number is 22. That's how many pounds the Spider gains by losing its roof, for a claimed weight of 2,487 pounds. Alfa Romeo senior product planner Fabio Migliavacca says none of that mass comes from body reinforcement. The 4C's carbon fiber tub was engineered for convertible duty from the go. Alfa Romeo engineered the 4C's carbon fiber tub to handle convertible duty from the beginning, so the roof on the coupe – made of the same sheet-molded compound as the rest of the body – isn't a structural member. The Spider's canvas soft top accounts for an extra 14.3 pounds, making it heavier than the roof on the coupe. And yes, you read that correctly, the Spider comes standard with a canvas top. The optional carbon fiber roof panel costs $3,500. In fact, the options list is so full of woven composite accessories that, during the presentation, one journalist asked if the $1,595 charge for destination and handling could also be had in carbon fiber. The other 7.7 pounds comes from small alterations. The Spider gets larger mufflers – 11-liter cans here, as opposed to eight liters on the coupe - for a richer exhaust note. The car's rear haunches are reshaped to be fuller than those on the hardtop, and the engine cover is now a single solid piece, without the coupe's revealing clear insert. A few changes on the Spider will come to the coupe, including a pair of cellphone pockets, one next to each seat. The awful Parrot stereo goes away, replaced by a more friendly Alpine unit. Some coupe options are standard features on the Spider, like the full leather interior. Two of the six seat styles and four of the six available wheels are exclusive to the Spider.