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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.

Scrapyard Gem: 2008 Alfa Romeo Spider 2.2 JTS

Alfa Romeo departed our shores after the final 164s and Spider Veloces were sold here as 1995 models, then returned for the 2015 model year with the 4C. Thanks to its position in the mighty Stellantis Empire, the current American-market Alfa Romeo lineup looks quite a bit like the Italian-market one, but we missed out on some interesting machinery during our Alfa-deprived 1996-2014 period. One of those cars was the 2006-2010 Spider, and I found a discarded example in an Italian/French specialty breaker's yard near Leeds, England during a recent trip. Sherburn Motor Spares is located in Sherburn-in-Elmet, on the former site of the factory where Fairey Swordfish torpedo bombers were built during World War II. They specialize in Italian and French cars, which means the place overflows with vehicles we didn't get on our side of the Atlantic. I've written about a 1999 Alfa Romeo 166 and a 2009 Alfa Romeo Brera S that reside there, and now it's the turn of the Brera's convertible sibling. I couldn't resist buying this stunning "International Van of the Year 2008" emblem from a Citroen Dispatch at Sherburn Motor Spares; it now lives on the door of the breaker box in my garage. GBP3 well spent! "Spider" is a term originally applied to an arachnid-ish horse-drawn carriage and is applicable to any convertible-top automobile today, but Alfa Romeo didn't hesitate to use it as a model name in its own right when it came time to built a sporty convertible on a platform originally devised by Saab for use beneath GM and Fiat machinery. As it turned out, the only production cars using that platform ended up being Alfa Romeos. Giorgetto Giugiaro handled the design of the Brera coupe, while Pininfarina did both the styling and assembly of the Spider. As you'd expect, reviewers thought both cars looked great. Just over 12,000 2006-2010 Spiders were built. The U.K.-market Spider was available with front- or all-wheel-drive and a choice of three petrol and two diesel engines (yes, a diesel Alfa Spider!). This car has the base 2.2-liter JTS straight-four petrol engine, which was a direct-injected unit based on GM's Ecotec engine block. Output was 182 horsepower and 170 pound-feet. This one had donated some body parts by the time I arrived on a freezing Yorkshire morning, but it appears to have been in reasonably good condition upon arrival.

Notes from the 2016 Alfa Romeo Giulia reveal in Milan [w/video]

It's an interesting time for Alfa Romeo. Wednesday marked the brand's 105th birthday, but also a rebirth of sorts. The new Giulia is the first of several new vehicles to come out of the Project Giorgio skunkworks that has been quietly working to reimagine the brand. Fiat Chrysler is banking on these cars to finally turn Alfa around. Before the Giulia was rolled out, Alfa Romeo CEO Harald Wester acknowledged that the brand has had its share of missteps in the past. He then called out today's sporty offerings for having evolved into near-perfect but boring, commoditized cars across the industry. They have no soul, he said, nothing to differentiate one from the next. While I'd argue that each brand in the performance space still has something to differentiate itself from the others, anything that can be done to restore some of the man-machine connection lost to electronics and added weight can only be seen as a good thing. I like what I'm hearing from Alfa so far; below are some notes gleaned from the unveil event that make me think this reawakening might just work. The head of the skunkworks is Philippe Krief, a former Ferrari engineer. This is certainly a good sign for the car's dynamics and powertrain. Krief was quick to note that the Giulia uses "real" torque vectoring, not a brake-based solution like some others use. The rear differential uses a pair of clutches to apportion torque side to side. Alfa claims the car's steering will be the quickest in its segment, which I take to mean the one that currently includes the BMW M3, Mercedes-AMG C63, and Cadillac ATS-V. Immediacy translates to the braking system, as well. Alfa has come up with a new design that combines the stability control and brake servo into one unit; it's said to be simpler than two parts and also improves brake response. I'm pretty sure Krief even called its design beautiful while it flashed briefly onscreen. Quadrifoglio cars get carbon-ceramic brake discs to further improve performance and reduce weight. I didn't get to sit in the car, or even open the door, but I liked what I saw of the interior. The center console is angled to hem the driver in a little, which works well with the canted, sweeping dash. It kind of reminds me of the look in newer Mazdas – clean and simple with a good balance of organic curves and straight edges.