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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.

Ford GT Mk II at Goodwood, Bentley EXP 100 GT concept EV and driving the Hyundai Veloster N | Autoblog Podcast #588

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Associate Editor Joel Stocksdale. To kick things off, they talk about driving the Porsche Cayenne S, Hyundai Veloster N and Nissan Armada. Then they recap the Goodwood Festival of Speed, including the Ford GT Mk II that debuted there. Next up is news: the Bentley EXP 100 GT electric concept car, Ford canceling diesel for the Transit Connect and Elon Musk dismissing talk of a refresh for the Model S and Model X. Finally, they take to Reddit to help pick between a 2016 Audi S3 and a 2017 Alfa Romeo Giulia. Autoblog Podcast #588 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2019 Porsche Cayenne S 2020 Hyundai Veloster N 2019 Nissan Armada Ford GT Mk II debuts at Goodwood, and other impressions from the event Bentley unveils EXP 100 GT electric concept car Ford cancels diesel engine for Transit Connect Tesla Model S and X wonÂ’t get a refresh Spend My Money: Audi or Alfa? Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:    

Alfa Romeo finalizes 2024 Tonale EPA fuel economy, EV range

Alfa Romeo announced Wednesday that the 2024 Tonale plug-in-hybrid achieved 29 mpg combined in EPA testing, coming in at 77 MPGe with a total EV range of 33 miles. The plug-in hybrid powertrain is the only one offered in the 2024 Tonale and is shared with the 2024 Dodge Hornet R/T, which is essentially the same car only in weekend casual.  "We are happy to announce the official EPA electric range of 33 miles and 77 MPGe for the Alfa Romeo Tonale, which will allow many of our customers to drive their daily commutes without tapping the fuel tank," said Larry Dominique, SVP, Head of Alfa Romeo North America. "The Alfa Romeo Tonale represents the beginning of our transformation to greater electrification while staying true to the performance characteristics our customers expect from the brand, including a best-in-class 285 horsepower." The electric range of 33 miles puts the 2024 Tonale smack in between the 2023 Lincoln Corsair PHEV (28 miles) and Lexus NX 450h+ (38 miles). The Lincoln is also a close match in MPGe, coming in at 78, but the Lexus handily eclipses both 84 MPGe. So if fuel EV range and fuel efficiency are all you crave, the Lexus is your go-to, even if the Alfa is thousands cheaper. The Tonale Sprint starts at $44,590 (with destination). After the $7,500 federal electric vehicle credit is factored in (which requires you to lease since the Tonale is built Italy) you’re looking at just $37,090. Both the Lexus and Lincoln start north of $50,000 before subsidies, but the Louisville-built Lincoln can benefit from tax credits whether you lease or purchase.  Related Video 2023 Dodge Hornet R/T