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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.

The Alfa Giulia Quadrifoglio set a lap record at Silverstone with someone driving blind

Alfa Romeo announced today that its Giulia Quadrifoglio super sedan set a new lap record at Silverstone that nearly matched one put down by one of its Formula 1 cars in 1951. The F1 car set a time of 1:44, and the Giulia finished in 1:44.3. That may seem a bit slow for a modern 505-horsepower sports sedan, but it makes more sense when you realize the Giulia in question had black vinyl over the windows to keep the driver, Ed Morris, from seeing where he was going. Apparently Alfa thinks a clear view makes driving too easy. To get around the substantial handicap, Morris was assisted by directions from another driver in a following Giulia Quadrifoglio. The other driver, David Brise, radioed directions to Morris to get him around the track – and avoid crashing. Over the course of two days, the duo got the hang of it and set the aforementioned lap time. They even reached speeds of over 100 mph. You can see them practicing and setting the time in the video above. It was a cute record to set, but we're hoping blindfolded Nurburgring laps aren't next. Related Video:

9 thoughts about the Alfa Romeo Giulia Lusso

The 2023 Alfa Romeo Giulia Lusso is the type of car that reminds you why you love cars in the first place … and why everyone has perhaps gotten a little too practical in their automotive tastes. This is a car filled with life and joy, with controls that speak to you in ways that most other cars and their brands have long ago forgotten. ItÂ’s far from the spiciest Giulia available, but if anything, IÂ’d say the Quadrifoglio overshadowed just how enjoyable the base car is. This was the most time IÂ’ve spent in any Giulia, and whether I was driving my son to school, making the L.A. freeway trek down to the VW ID. Buzz reveal, or whisking through the Santa Monica Mountain roads, the Lusso made the experience extra special. Here are 9 thoughts on the Alfa Romeo Giulia Lusso. 1. All-star steering The steering is just incredible, one of the main reasons I find the Giulia so desirable. ItÂ’s quick and feelsome with a terrific wheel to grip. LetÂ’s talk about D mode, which is the sportiest of the three “DNA” drive modes (N is normal and A is eco). A subtle amount of extra weighting on turn-in is added, and itÂ’s perfect – utterly spot-on and natural. That weighting then lightens as you keep turning through tighter turns, which means the car isnÂ’t fighting against you and allows you to genuinely feel the road free from excess weighting as you make minute adjustments. Steering in N mode is still relatively firm on center, but that turn-in weighting is just a bit lighter. Still great during most of the times youÂ’re driving, but D mode is so, so, so good. All-star, Top 10 board with various Porsches, Mazdas and the surprisingly great Aston Martin DBX on my scorecard. 2. Hey, I actually noticed the brakes! Sadly, the Giulia is not available with a manual transmission. Like a giant tease, though, the brake pedal is closer in size and shape to one from a three-pedal car. Pedal aside, wow are the brakes it's attached to ever good. Wear thin shoes and youÂ’re able to delicately brush the pedal, feeling the calipers brush the rotors in kind. So beautifully modulated. I could see someone finding them a little too responsive resulting in jerking stops, but either stop wearing work boots, try harder or buy a Lexus ES. I donÂ’t usually notice brakes unless theyÂ’re especially good or especially bad/weird. These fall in the former category, and whatÂ’s even more impressive, is that theyÂ’re brake-by-wire.