2024 Alfa Romeo Stelvio Ti on 2040-cars

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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.

New Barracuda, Grand Cherokee Trackhawk coming soon

As we write this, Fiat Chrysler Automobiles is conducting a major dealership event in sunny Las Vegas. New vehicles are being announced, redesigned offerings are being teased, and promises are being made to the sprawling company's dealer body. And, as all these announcements are meant to be tip-top secret, they're leaking out left, right, and center. Naturally. FCA is telling its dealers all of the vehicles shown at the Vegas gala will be in showrooms within 12 to 24 months, and that the product offensive will include at least 30 new or significantly refreshed models. Some of those we've known about since FCA boss Sergio Marchionne unveiled his highly ambitious five-year plan in May 2014, while we're hearing about others for the very first time. We've reached out to our sources within FCA, and will update this post as we learn more. It should be noted that while we've tried to rely on concrete sources or corroborations from multiple sources, some of the news here comes from people claiming to have been in attendance and posting in forums like Allpar and Jalopnik's Opposite Lock. Unless corroborated by a mainstream source or confirmed by our own sources within FCA, we're listing each item that comes from a forum. Have those grains of salt at the ready. Chrysler Dodge Durango-sized SUV with stow-and-go was shown. A poster on Allpar Forums claims it had a Durango's interior. New Aspen? Town and Country PHEV confirmed (again). A plug-in minivan was originally announced as part of five-year plan. No news on 200 or 300. Dodge The redesigned Charger will use the Alfa Romeo Giulia's rear-drive platform and, according Automotive News, draw inspiration from 1999's Charger concept car. We're wagering the 24-month time frame specified to dealers will move the new sedan's arrival up from 2018 to mid-2017. Jalopnik's Opposite Lock claims two new Challenger models are coming. Challenger ADR (American Drag Racer) and T/A. ADR should appeal to bracket racers and is more powerful than the SRT Hellcat, while T/A is for track rats, just like Viper T/A. Automotive News claims the legendary Barracuda nameplate will be revived as a Dodge. The Barracuda will be smaller than Challenger, offered as both a coupe and a convertible. Allpar claims it will feature modern styling. A Dodge Durango SRT was announced with 6.4-liter Hemi V8 and rear-drive. Sources within FCA confirmed its arrival with Autoblog. Apparently, dealers were shown an example in B5 Blue.

2024 Alfa Romeo Tonale Review: A fun compact SUV with a green spin

Pros: Fun to drive with great steering; potent power and torque; usable electric range; beautiful design Cons: Cramped back seat and tiny cargo area; some chintzy interior bits; other PHEVs are more efficient While there plenty of choices within the small luxury SUV segment, there are some niches that have not been well-explored. The 2024 Alfa Romeo Tonale manages to fit two of them. It is one of the few plug-in hybrids, while also catering to those who love to drive (and look good doing it). Nothing else manages that one-two-three punch of delivering fuel economy, fun and style. In terms of size, the Tonale is on the smallest end of the luxury SUV world, joining the Audi Q3, BMW X1, Mercedes GLA-Class and Volvo XC40, but offers substantially more power along with the unique characteristic (for the segment) of electric driving range, all for just a couple thousand more than the base models of those options. There are a couple larger and more efficient plug-in hybrid options from Lincoln and Lexus, but they're not nearly as engaging to drive. The sporty Mini Countryman plug-in hybrid, meanwhile, isn’t quite a luxury model. As such, the Alfa is a unique offering well worth your attention. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2024? The Alfa Romeo Tonale is a completely new model for 2024. What are the Tonale interior and in-car technology like? The Tonale's interior design is clearly in the vein of the Stelvio and Giulia. The dash is curvy with big round air vents and a double-barrel instrument cowl. It has sporty details like the starter button on the dash, and when optioned, beautiful and satisfying aluminum shift paddles that wouldn't be out of place in a Ferrari or Lamborghini. We love the pops of color provided by the exterior-matching dash panel in the Ti and Veloce, or even better, by the optional configurable multi-color panel that can replace it. Some of the materials around the cabin look and feel too budget-oriented for a luxury vehicle, but on the whole, it's a solid cabin. Fortunately, the Tonale does not take its infotainment inspiration from the Stelvio and Giulia. Instead it gets a Uconnect system like its twin, the Dodge Hornet, as well as other newer Chrysler vehicles.