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Alfa Romeo 33 Stradale is a fast Alfa, developed fast

Alfa Romeo's 33 Stradale is a gorgeous supercar to simultaneously cap off the internal combustion era of the brand and kick off the electric era. But we did have some questions about it after the reveal, which we brought to Larry Dominique, the senior vice president of Alfa Romeo North America. And he was kind enough to answer a good number of them, revealing some interesting information. One of the first things we wanted to know about was the decision to make such a pivotal car such a clear tribute to the famed Tipo 33 race car from many decades ago. We certainly weren't complaining, but we could easily have seen Alfa doing something more modern or more original. Dominique said that part of the reason was to help with awareness of Alfa and its history, as awareness in general is something the brand still struggles with. So connecting the car with famous motorsports machines could help people understand more of what Alfa is and was. Of course, the Tipo 33 was also a gorgeous car to start with, and as this is among the last gas-powered Alfas, a tribute makes sense. The 33 Stradale's specs also looked shockingly similar to that of the Maserati MC20 supercar, and considering the mid-engine layout, we were expecting that under the curvy exterior, the Alfa would basically be that Maserati. Dominique told us that's not quite the case. Parts of the frame are borrowed from the Maserati, but apparently the engine is a version of the twin-turbo V6 from the Alfa Romeo Quadrifoglio models, not Maserati's Nettuno V6. Apparently some aspects of the active suspension are also taken from the Giulia Quadrifoglio GTA, though neither Dominique nor Alfa's PR representative present had the detailed specifics at the time of the interview. We also learned a few more details about the electric powertrain. The battery pack comes in around 100-kWh in capacity, and it has an 800-volt architecture to support high-speed charging from 350-kW chargers. Beyond that, though, Dominique didn't have anything else to talk about for the electric 33. The 33 Stradale will be fast with 60 mph times under 3 seconds, but it's fast in another way. Dominique told us that this project got under way toward the end of summer and beginning of fall just last year. With final development coming over the next several months, that's a quick turnaround to getting a production car. One thing Dominique wouldn't tell us is how expensive the 33 Stradale is.

Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.