1984 Alfa Romeo Spider on 2040-cars

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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.

Alfa Romeo putting a slicker 'coda tronca' on its compact CUV

Our EV revolution Bingo card did not include spaces for the return of wagons (aero crossovers by a more suitable name) and the doubling down on retro design cues, but that's what we're getting and we like it. Alfa Romeo is clocking in on the retro side, design chief Alejandro Mesonero-Romanos telling Autocar, "Our next-generation cars will bring back the Coda Tronca into a current design language — as a means to boost aerodynamic efficiency and range, of course, but also to give the cars a distinctive, classically Alfa Romeo design character." You might not know that "coda tronca" means "short tail" in Italian, but you know what it looks like. Effectively a Kammback or Kammtail, it's when a vehicle roof descends toward the rear of the vehicle, ending in a vertical flank that looks like someone cut the car short with a large knife. It's been on everything from the Shelby Daytona Coupe and Ferrari 250 GTO to the Honda Insight, Toyota Prius, and Audi A2 and A7. The short tail was also famously on the 1963 Alfa Romeo Turbolare Zagato, shortened to the TZ. This is the design Mesonaro-Romanos refers to, as well as the Sprint Zagato, or SZ, that preceded it. He said, "You will see it on several future models," the first reportedly the compact crossover due on the market next year. This will be Alfa Romeo's version of the recently introduced Jeep Avenger battery-electric crossover for Europe, once believed to be called the Brennero. The design boss crossed that name out, telling Autocar, "The model name is now decided. it will be Italian and it will be beautiful. But more than that, I cannot say for now." We might have better luck predicting specs. Checking the Avenger's details, we'd expect the Stellantis eCMP 2 platform crammed with battery modules under the seats that add up to 54 kWh. The Avenger's e-motor turns the front wheels with 154 horsepower and 184 pound-feet of torque, an all-wheel-drive version is on the way. Range on the WLTP cycle is rated at an estimated 249 miles. As with the Jeep, the Alfa Romeo is expected to get a gas-powered version, maybe with the same 1.2-liter motor going into the Jeep. We're not sure how else the Alfa might distinguish itself from the Jeep, but the Kamm tail could make range for both powertrains a notable differentiator.  Related Video

Muhammad Ali's 1976 Alfa Romeo Spider Veloce Series II is for sale

An Alfa Romeo was never in the plans. It was by accident that Muhammad Ali ended up bringing home this beautiful silver-on-black 1976 Spider Veloce Series II, but its interesting backstory only makes it more special. It's a story the car's next owner will surely need to memorize, as the car is currently listed on eBay for a Buy It Now price of $39,900 OBO. Found by Silodrome, the car is listed by Moto Exotica out of St. Louis, Missouri. According to Moto Exotica, which sources a clip from the book "Running with the Champ" by Ali's close friend and car guy Tim Shanahan, Ali had set out with Shanahan to buy a new Rolls-Royce (Ali loved his Double-Rs) during his time living in Chicago. The two visited European Imports in Lake Forest, Illinois, with the intention of buying a Kelly Green Corniche and possibly a Mercedes-Benz SL for Ali's wife, Veronica Porche. To Ali's dismay, the dealership did not have any SLs in stock, so this Alfa was suggested as an alternative. Ali purchased the car, brought it home, and ran into yet another issue. Porche did not know how to drive the car's manual transmission, and apparently didn't have any desire to learn. So the car mostly sat, with the exception of some rare errand runs by one of Ali's assistants. After a short time passed, Ali learned that Shanahan's personal car had broken down. In a situation that perhaps suggests destiny, Ali then gifted the car to Shanahan, who has owned the car for 40-plus years up until its sale to Moto Exotica. With about 80,000 miles, it has some wear and tear, such as a small crack on the dashboard, but it's in solid overall shape and recently received a respray. Plus it comes with the real registration with Ali's signature on it. Check out the full photos, video, and descriptive listing at Moto Exotica.