2024 Alfa Romeo Tonale Veloce on 2040-cars

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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

1932 Alfa Romeo 8C 2300 Spider wins top prize at Villa d'Este

Every year, a selection of the most beautiful automobiles ever made travel to the shores of Lake Como in Italy, for the Concorso d'Eleganza Villa d'Este. Only one of them can be named the belle of the ball, however, and this year, top honors went to a classic 1930s-era Alfa Romeo. The 1932 Alfa Romeo 8C 2300 Spider owned by American collector David Sydorick won the Best in Show award. The deep red roadster is entered the circle of finalists after winning the B class for "Pre-war sports cars which defied the Great Depression." The classic Alfa features coachwork by Zagato. The coachbuilder notes that another one of its creations – a 1956 Maserati A6G/54 also owned by an American collector – won the post-war class. The modern Maserati-powered Mostro, which Zagato revealed at the concours and delivered to its first customer, did not win the Concepts and Prototypes class. (But we've included an updated image gallery below just the same). That award went to the Bentley EXP 10 Speed 6. The people's choice Coppa d'Oro was awarded to the 1950 Ferrari 166 MM Barchetta by Touring, while a 1973 Munch-4 TTS-E won the motorcycle category. Related Video: Concorso d'Eleganza Villa d'Este 2015: Winners dazzle at the time-honoured Classic Weekend on Lake Como Munich/Cernobbio. An impressive parade of all the cars and motorcycles entered in competition and the announcement of this year's prize winners provided a dazzling Classic Weekend on the banks of Lake Como with a fitting climax late on Sunday afternoon in front of thousands of spectators. The Concorso d'Eleganza Villa d'Este had once again underlined its stand-out status on the exclusive event calendar for historic cars and motorcycles. All eyes were trained on the line-up of precious classic machines and striking concept cars over the two days of the Concorso. Under a pleasantly warm sun, the event's "Seventies Style – the Jet Set is back" banner spanned a host of special exhibitions and highlight features, creating a fitting stage for a weekend that will live long in the memory. As ever, the best was left until last. The jury of experts provided the event with its crowning moment as the Trofeo BMW Group for "Best of Show" was awarded to an Alfa Romeo 8C 2300 Spider from 1932. The Coppa d'Oro Villa d'Este prize decided by public referendum was won by a Ferrari 166M Barchetta from 1950.

Mazda leads Consumer Reports' latest Brand Report Card Rankings

The latest automaker brand report cards from Consumer Reports are in, and there are quite a few changes for 2021. At the very top of the charts sits Mazda, up three spots over last year, followed by BMW and Subaru to round out the top three. It's interesting to note that mainstream brands (non-luxury in CR-speak) don't seem to be at a disadvantage in CR's rankings, with five of the top 10 spots. In addition to Mazda in first and Subaru in third, Honda, Toyota, Chrysler, and Buick were the other high-ranking non-luxury marques. The ratings are derived from "a combination of predicted reliability, and owner satisfaction based on member surveys, and CR’s hands-on analysis" and also includes safety features and crash test scores.  At the very bottom of the list sit Mitsubishi, Land Rover and Alfa Romeo. "Our brand rankings don't just look at how models perform on our test track, but the broad picture of vehicle quality," said Jake Fisher, Senior Director of Automotive Testing at Consumer Reports. "Fortunately, consumers will find they have many options that are safe, enjoyable, and reasonably priced." The biggest jumps in the brand report card rankings come from Chrysler, Buick and Honda, which each moved up five spots compared to last year's rankings. The news wasn't nearly as good for Lincoln, which fell an alarming 15 spots this year, Genesis, which fell 13 spots, or Kia, which fell 10 spots. Related Video: