1986 Alfa Romeo Spider Quadrigolio 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.

Watch Alfa Romeo reveal its mid-engine supercar here live

This gorgeous red supercar is the Alfa Romeo 33 Stradale. The name “33” has several references, the first being to the design, as this new 33 Stradale borrows from the famous Tipo 33. Secondly, Alfa is only producing 33 examples of this supercar, and all of them are already sold. The powertrain strategy for the 33 Stradale is perhaps the most interesting part of it, as buyers can choose between a twin-turbo V6 and a fully electric version. AlfaÂ’s gas-powered 33 Stradale produces 620 horsepower, is shifted via an eight-speed automatic dual-clutch gearbox and puts its power down exclusively to the rear wheels via an electronic limited-slip differential. Its top speed is 206 mph, and the 0-62 mph time is “less than three seconds.” The engine itself is said to be a derivative of the Ferrari-developed V6 you find under the hood of the Alfa Quadrifoglio models. The battery-electric 33 Stradale produces “more than 750 horsepower” and goes 0-62 mph in under 2.5 seconds, but Alfa isnÂ’t saying much else about the powertrain. We presume it will be all-wheel drive due to multiple electric motors being necessary. Range is currently estimated at 280 miles on the optimistic WLTP test cycle. The platform is a combination aluminum H-frame and carbon fiber monocoque that shares plenty with the Maserati MC20, and the roof is engineered with the same materials, supporting the butterfly doors. A front-axle lift system comes standard, and you also get a drive mode selector to choose between Strada (road) and Pista (track). Launch control is activated via a “Quadrifoglio” button. Big Brembo carbon ceramic brakes do the stopping, with six-piston calipers in front and four-piston units in the rear. While there may be a lot underneath that is shared with the MC20, its design is pure Alfa Romeo. Its interior is just as impressive as the beautiful exterior, too. The controls in the center stack are all about physical engagement, as they feature the most beautiful design that just makes us want to turn, twist and toggle them. Above that rests a widescreen touch display powered by Uconnect5 in a similar layout as the MC20. The cluster features a “3D telescope display,” which Alfa claims is the first of its kind. Plus, the steering wheel purposefully doesnÂ’t have a single button on it for maximum driving enjoyment.

2023 Alfa Romeo Stelvio Review: Exceptionally sporty, but compromised

Pros: Excellent steering and handling; two sporty engines available; stands out from crowd Cons: Mediocre interior; lackluster tech; small for its segment The 2023 Alfa Romeo Stelvio feels exotic for the compact crossover segment, with its Italian pedigree, sharp styling and sporty performance. It checks the boxes of a luxury daily driver, while still offering sharp driving dynamics that might mean its owner doesn’t miss the sports car that doesnÂ’t fit their lifestyle anymore. And, you canÂ’t dismiss that this thing is different than the rest of the pack. An Italian car with its signature “Scudetto” grille sure stands out in a parking lot full of more common family vehicles with more conformist design — especially if you pick one of the bolder, brighter paint colors from AlfaÂ’s palette. The biggest sticking point with the Stelvio is that its interior doesnÂ’t quite live up to the rest of the vehicleÂ’s grandeur. ItÂ’s not particularly roomy, and middling material quality and a lack of general artistry dull the illusion of exoticism in the otherwise glamorous and sporty Stelvio (though if you like carbon fiber, the QuadrifoglioÂ’s got you — and practically every surface — covered). The tech, while serviceable, is less spectacular than what youÂ’ll find in the competition (though considering how overwhelming some infotainment systems can feel today, that might not be the worst thing ever). The Stelvio is due for an update for 2024, so weÂ’ll see this generation stick around for a few more years before Alfa starts rolling out a raft of electric models. Still, if youÂ’re on the fence about whether to buy one now or wait until next year, we donÂ’t any expect major changes to come, especially not in terms of performance. And while we think some of its competitors offer more in the way of luxury and utility, the Stelvio is still a great choice for a customer who actually cares about driving dynamics and standing out from the crowd. 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 2023? The Stelvio gets an Estrema trim that borrows features like adaptive suspension and limited-slip differential from the line-topping Quadrifoglio, without taking the step up in engine performance and the much higher price tag that comes with it.