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Fiat Chrysler's Q3 profit boosted by strong North American earnings

MILAN, Italy — Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America. The world's seventh-largest carmaker still makes the lion's share of its profits in North America, so improving, or at least maintaining, its margins there is a key focus. The carmaker reported an 8 percent adjusted operating profit margin in the region, up from 7.6 percent a year ago, despite a drop in sales and shipments. "FCA's profitability in North America remained strong in the quarter despite a weakening market there," a Milan-based analyst said. FCA's profitability compares with an 8.3 percent North America margin reached in the quarter by bigger U.S. rival GM , showing CEO Sergio Marchionne making progress towards his goal of closing the margin gap with GM and the company's other U.S. rival, Ford, by 2018. The company's confirmation of its full-year outlook also pushed shares higher, a trader added. The stock was up 2.8 percent by 1129 GMT, outperforming a 1 percent rise in the European auto index. FCA has been retooling some U.S. factories to boost output of sport-utility vehicles (SUVs) and trucks while ending production of some unprofitable sedans to strengthen profitability as the U.S. car market comes off its peak. The company said a drop in North America shipments due to lower fleet sales and discontinued models was partially offset by higher deliveries of Ram trucks and two models from the Alfa Romeo stable: the Stelvio sport utility vehicle and Giulia sedan. Profitability also improved in Europe, helped by sales of the Stelvio and the new Jeep Compass, and Latin America, while margins at Maserati remained strong at 13.8 percent due to strong demand for its first SUV, the Levante. In a later conference call, investors are looking for hints on the new strategy to 2022 which the company promised to unveil early next year. Chief Executive Sergio Marchionne said earlier this year that FCA would streamline its portfolio and that components businesses, including Magneti Marelli, would be separated from the group, possibly via a spin-off. While FCA confirmed its targets this year, doubts remain about its exposure to a weakening U.S. market, recall costs and potential fines over emissions after it was targeted by European and U.S.

Alfa Romeo Giulia GTA heritage liveries revealed, and here's what it will cost

Alfa Romeo created the Giulia GTA as a tribute to one of its most successful race cars, and the connection between the two models won't stop at the nameplate. Buyers will have the chance to order their hot-rodded sedan in one of several heritage-laced paint combinations worn decades ago by race-winning models. Designers immersed themselves in Alfa Romeo's archives department to analyze the most emblematic color combinations worn by the original GTA and its derivatives during the 1960s and the 1970s. White with green stripes was common, as was red with a yellow front fascia. The firm often competed with red cars, so painting the front end yellow, white, or another contrasting color allowed race officials and fans to quickly identify the driver. Stylists working in Alfa Romeo's Centro Stile then re-interpreted their favorite liveries to suit the Giulia GTA introduced in March 2020. The Italian firm said availability will be limited, but it didn't reveal how many cars it will assign a classic color combination to. Those who miss out will have to choose between green, white, and red. Alfa Romeo will cap GTA production at 500 examples. Pricing on the European market starts at ˆ143,000, while the lighter GTAm model (which is included in the 500-car production run) carries a base price of ˆ147,000. These figures represent $155,000 and $160,000, respectively, though pricing for the American market hasn't been released. Every customer will receive a Bell helmet, a car cover that matches the paint, and a stint at the Alfa Romeo Driving Academy. GTAm buyers will also get a racing suit, gloves, and shoes made by Alpinestars. Dyed-in-the-wool fans will have the opportunity to take delivery of their Giulia at the Autodelta workshop in Balocco, Italy. That's where many of Alfa Romeo's greatest race cars were developed and built. Those for whom Alfa's sportiest sedan in decades will remain a dream have the car's configurator as a consolation prize. Related Video:     Featured Gallery Alfa Romeo Giulia GTA heritage liveries View 10 Photos Alfa Romeo Performance Sedan

2020 Alfa Romeo Giulia Luggage Test | Time for an Italian vacation

When it comes to handling and being fun to drive, the 2020 Alfa Romeo Giulia is right at the top. From its engaging and tossable Ti trim, to the totally bonkers Quadrifoglio, Alfa Romeo has some excellent options for those who love to drive. However, we aren’t exploring 0-60 mph times or steering feel today, so letÂ’s see how the Italian sedan holds up when it comes to suitcase stacking. Alfa Romeo doesnÂ’t list an official trunk capacity on its media website or its consumer-facing site, but itÂ’s very similar in size to the last luxury sedan I luggage tested: the 2020 Volvo S60. WeÂ’ll place the estimate to be around 12 cubic-feet. Just by eye-balling it, Alfa appears to be on the smaller side of the spectrum here, with its competition being the BMW 3 Series, Audi A4, Mercedes-Benz C-Class and several others. Note that I use different equipment than Riswick out in Portland: Two carry-on suitcases sized (24 inches long, 15.5 wide, 10 deep); one carry-on suitcase (21.7L x 13.7W x 9 D); one medium-size suitcase you have to check (24.5L x 16.8W x 11.5D) and two larger, full-size suitcases (33.8L x 21.5W x 13D) and (28.1L x 18W x 10.5D). It's not a power trunk, but you can pop it via the fob, a button by the driver footwell or a button on the trunk itself. Once open, I started with the carry-on suitcases. All three of those fit when turned on their sides, but a fourth would be impossible to squeeze in using that formation. ThatÂ’s due to the GiuliaÂ’s trunk becoming more restrictive in both depth and width deeper inside of it. YouÂ’ll notice the curved intrusions at the back of the trunk pictured below. They make shoving a suitcase all the way back in there impossible, as there isnÂ’t enough space next to the other three suitcases. The opening itself is rather small, too, forcing me to contort the suitcases as I lay them in. Instead, I decided to stick the fancy bag (22L x 8.8W x 12D) in there. ItÂ’s smaller and better suited to the space that remains, fitting perfectly within that nook. ThatÂ’s not ideal, but plenty of room for two people on a longer getaway. Next up: full-size suitcases. One of them fit right in without issue, but the second full-sizer I use for testing would not. Once again, this is due to the width restrictions imposed by the trunk walls coming in on both sides at the back. I did manage to fit the medium-size suitcase next to the one full-sizer if both were turned on an angle.