1967 Alfa Romeo Duetto on 2040-cars

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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.

Alfa Romeo Stelvio Luggage Test | How much cargo space?

The Alfa Romeo Stelvio is quite obviously more about Sport than Utility, especially the high-octane Quadrifoglio you see here resplendent in Alfa Rosso paint. Frankly, I wasn't expecting much from its luggage-hauling potential. After all, according to the specs, it has only 18.5 cubic-feet of space behind the raised back seat, which is quite simply terrible. That's the same as a Jeep Renegade, which is considerably smaller on the outside. Based on past luggage tests of SUVs with a comparable cargo number, there's no way all the bags from my garage will fit. In fact, there's a good chance multiple bags would be staying at home or riding on people's laps.  Well, let's put that assumption to the test.  Here's what the Stelvio has going for it. Sure looks a lot bigger than a Renegade. Actually, it looks bigger than the Range Rover Evoque, which has 21.5 cubic feet. As you can see, this particular Stelvio came equipped with a cargo rail system and net. Those clasps are easily removed by lifting up on the little handle and moving into that wider part of the track. Now, you'll note that the Stelvio has a cargo cover like virtually all SUVs, but this one is a little different in that it's in two pieces. A smaller one that rolls out from a cartridge aft of the back seat, and a semi-rigid piece that connects to the liftgate.  As always, I started off by keeping the cargo cover(s) in place when trying to stuff as much of my luggage as possible in the back. As a refresher, I use two mid-size roller suitcases that would need to be checked in at the airport (26 inches long, 16 wide, 11 deep), two roll-aboard suitcases that just barely fit in the overhead (24L x 15W x 10D), and one smaller roll-aboard that fits easily (23L x 15W x 10D). I also include my wife's fancy overnight bag just to spruce things up a bit (21L x 12W x 12D). As it turns out, the cover cartridge didn't impede loading at all. I'm guessing because the reel is smaller, but either way, this is a real benefit. It means you don't have to find someplace to store the damn cargo cover if you're picking someone up at the airport, for instance, and discover their bags are too big.  However, you'll note (maybe) that my wife's fancy bag is missing from this luggage Tetris ensemble. That's because it got caught on the rigid cargo cover attached to the tailgate when placed atop the bag on the right. OK, then, let's remove that. Basically, you just yank the thing out. Not too complicated.

Stellantis sees vehicle loan durations extended amid banking turmoil

Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker's head for the business said. Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. "This allows customers to get a car for a monthly instalment that is similar to that they had before," he said. The world's third largest carmaker by sales on Tuesday announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe. Under its terms, Stellantis created a 50-50 single long term multi-brand leasing company named Leasys with Credit Agricole Consumer Finance. It also set up local joint ventures in European countries for its new Stellantis Financial Services unit, formerly Banque PSA Finance, with BNP Paribas Personal Finance and Santander Consumer Finance. "These banks have always had better funding conditions than those we can have as an automaker," de Rovira said. Benefits of the plan included cutting the number of financing and leasing entities the group runs in each country and the number of IT systems it uses, with expected savings exceeding 30% in this particular area, he added. De Rovira said the group had a huge portfolio of orders it had not yet delivered due to supply chain shortages impacting production. "Demand is not our main issue. The issue is to deliver as fast as we can cars that are in our order portfolio, which is still at record levels," he said. The group aims to expand its corporate leased vehicle fleet to more than one million units in 2026 and to double net income from its so-called banking activities to 5.8 billion euros ($6.3 billion) by 2030. De Rovira said Stellantis was not seeing a downward trend in vehicle pricing. "Probably the significant price increases we have seen in 2021 and 2022 will not be repeated because the context is changing, but for the moment we don't see decreases, we see stabilisation". ($1 = 0.9188 euros) (Reporting by Giulio Piovaccari and Gilles Guillaume; Editing by Jan Harvey) Earnings/Financials Plants/Manufacturing Alfa Romeo Chrysler Dodge Jeep RAM