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Audi rumored to buy Alfa Romeo, officials deny it

For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, all that jousting might be over: it claims that sources close to both Marchionne and Audi CEO Rupert Stadler admit that the two are in talks for Audi to buy not just Alfa Romeo, but a production plant in Italy. In fact, a final deal could possibly include partsmaker Magnetti Marelli.
Against that backdrop, a report by German news weekly Stern quotes a Fiat spokesmen as saying it doesn't comment on rumors and an Audi rep has said flatly that "There is no substance in the news." If a sale is being arranged, the timing would seem to point to how eager Fiat is to raise cash to complete its major initiatives. Even though Alfa Romeo continues to delay its return to the US, it just showed off the production version of the 4C at the Geneva Motor Show (shown above) and said that preferred Fiat dealerships here would get them. Then there's Alfa's recently concluded deal with Mazda to develop a roadster based on the next generation MX-5 Miata - a deal that would seem to help both the Italian and Japanese brands.
The monetary issues are troublesome, though. Fiat is taking a beating in the European market and its weak-kneed balance sheet is delaying gotta-have-it products like the Jeep Cherokee. Fiat has been talking to banks about getting money to buy the rest of Chrysler and those financial institutions have also raised issues about debt and cash reserves, and the nasty game of chess Fiat is playing with the United Auto Workers (and now the court system about the portion of Chrysler it doesn't own) could end up blowing another hole in Marchionne's plans. It is possible that this could finally have convinced Fiat to at least see how serious Audi's parent company, Volkswagen, is about buying Alfa Romeo. Or it could be just another rumor.

Stellantis expects to hit emissions target without Tesla's help

Franco-Italian carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla, its CEO said in an interview published on Tuesday. Stellantis was formed through the merger of France's PSA and Italy's FCA, which spent about 2 billion euros ($2.40 billion) to buy European and U.S. CO2 credits from electric vehicle maker Tesla over the 2019-2021 period. "With the electrical technology that PSA brought to Stellantis, we will autonomously meet carbon dioxide emission regulations as early as this year," Stellantis boss Carlos Tavares said in the interview with French weekly Le Point. "Thus, we will not need to call on European CO2 credits and FCA will no longer have to pool with Tesla or anyone." California-based Tesla earns credits for exceeding emissions and fuel economy standards and sells them to other automakers that fall short. European regulations require all car manufacturers to reduce CO2 emissions for private vehicles to an average of 95 grams per kilometer this year. A Stellantis spokesman said the company is in discussions with Tesla about the financial implications of the decision to stop the pooling agreement. "As a result of the combination of Groupe PSA and FCA, Stellantis will be in a position to achieve CO2 targets in Europe for 2021 without open passenger car pooling arrangements with other automakers," he added. Tesla's sales of environmental credits to rival automakers helped it to announce slightly better than expected first-quarter revenue this week. The next tightening of European regulations will soon be the subject of proposals from the European Commission. The 2030 target could be lowered to less than 43 grams/km. Related Video: Government/Legal Green Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM Tesla Citroen Peugeot Emissions Stellantis

It's the Alfa Romeo Milano after all

We wound through as many switchbacks as found on the Brennero Pass when trying to decide ahead of time whether Alfa Romeo would name its coming subcompact SUV the Brennero. A set of GPS coordinates in a post on X turned us around again just a few days ago. The deceptions are finally done, Alfa Romeo declaring the name of its new entry-level offering: Milano. Most Americans will know the name as a cookie, either the original from Pepperidge Farm (derived from a cookie called "Naples") or the horde of imitations that Pepperidge Farm has taken legal action against. Many American enthusiasts will know the Alfa Romeo Milano as a sedan made from 1985 to 1992, called the 75 in other markets as a nod to the brand's 75th anniversary and one of our Future Classics. As with the previous Milano, this one that debuts next April comes with historical associations. The name honors the classic sedan as well as the automaker's hometown of Milan, a city doubly honored on this vehicle by bearing Milanese symbols in its logo: The cross and the Biscione serpent, the coat of arms of the Visconti family. Alfa classifies this as a Sport Urban Vehicle to succeed the Giulietta and Mito; as an entry-level offering beneath the Tonale, if the Brennero adopts dimensions of the sibling Jeep Avenger, the Brennero will be about 16 inches shorter than the Tonale, its roof about three inches lower.  Alfa Romeo saying the Milano "will also be available in a 100% electric version" provides confirmation of both ICE and EV powertrains, mimicking the choices for the Avenger. The ICE option could be the Avenger's mild hybrid, built around a 1.2-liter three-cylinder and making a combined 154 horsepower and 177 pound-feet of torque, or a more powerful setup used by Peugeot. As for the EV, assuming no change from the Avenger, the Milano would get a 54-kWh battery and front axle e-motor making 154 horsepower and 192 pound-feet of torque, and around the same 248 miles on a charge on the WLTP cycle. More speculative speculation supposes there could be a dual-motor all-wheel-drive Brennero evolved from the drivetrain in the Avenger 4x4 Concept, perhaps arriving for the 2025 model year in the Alfa, the Avenger, and the Fiat 600e. Just like we don't get the Avenger, we don't expect the Milano to make it this far north if it crosses the Atlantic. We'll know what other markets can expect when the SUV debuts in April 2024.