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Alfa Romeo Tonale Jeep-derived crossover reportedly delayed by new CEO

Alfa Romeo's long-awaited Tonale crossover might not make its global debut in 2021 after all. Its launch has reportedly been delayed because the firm's boss wasn't satisfied with the proposed plug-in hybrid drivetrain. Anonymous sources familiar with the company's product plan told industry trade journal Automotive News that the Tonale won't begin arriving in showrooms until the first part of 2022 at the earliest, a delay of at least three months. It was tentatively scheduled to enter production on the outskirts of Naples, Italy, in October 2021. While setbacks aren't uncommon, the same sources claim the soft-roader's postponement was ordered by Jean-Philippe Imparato, who was appointed Alfa Romeo's chief executive in January 2021 when FCA merged with PSA to form Stellantis. Formerly at the head of Peugeot, Imparato demanded better performance from the hybrid powertrain that will be offered on some variants after seeing the Tonale for the first time in January 2021. Whether he wants additional electric range, more horsepower, or both remains to be seen. Alfa Romeo hasn't released technical details, but Automotive News reported the crossover will be closely related to the Jeep Compass, so it could get its American cousin's gasoline-electric plug-in technology. It consists of a 1.3-liter four-cylinder engine and an electric motor mounted over the rear axle. The system's total output checks in at 190 horsepower and 199 pound-feet of torque, though a 240-horse variant of the drivetrain is available on more upscale trim levels. Electric range is rated at 31 miles at up to 81 mph, and hitting 60 mph from a stop takes 7.5 seconds, a respectable figure for the segment. Another point that's unclear is how engineers will improve the Tonale's numbers. Making tweaks to Jeep's 4xe powertrain is an option; borrowing components from the Peugeot-Citroen parts bin is another, though the latter solution is more difficult to implement than the former. Less than a year away from production, even with the delay taken into account, the Tonale is mostly locked in. Photos taken during a design clinic (pictured) suggest it has changed significantly since we discovered it as a concept in 2019. Redesigning the engine bay to accommodate a different four-cylinder or reengineering the structure to fit a bigger battery could cost millions of development dollars.

Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.

Mercedes F1 boss Toto Wolff takes a stake in Aston Martin

LONDON — Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. A Mercedes F1 spokesman said Wolff's move was purely an investment on the Austrian's part and would be diluted by a rights issue on Monday from 4.77% to less than 1%. "Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company," he added. "It is a financial investment and Toto's partnership and executive role with Mercedes are unaffected by the transaction." Swiss billionaire Ernesto Bertarelli has also bought a 3.38% stake which will be similarly diluted. Wolff previously had a 16% shareholding in former champions Williams but sold that after he joined the Mercedes team, where he serves as principal and owns 30%. Canadian billionaire Stroll, whose son Lance drives for Racing Point alongside Mexican Sergio Perez, is close to Wolff. The Silverstone-based team — to be renamed Aston Martin next year — use Mercedes engines and gearboxes. Mercedes-Benz's parent Daimler also has a small stake in Aston Martin. "It's clear that Aston are now Mercedes' B team," the Daily Mail quoted one Formula One insider as saying. Wolff's future at Mercedes has been the subject of some media speculation, with the 48-year-old linked variously to senior management roles with Liberty Media-owned Formula One and at Aston Martin. His Aston Martin shares were bought from Yew Tree Overseas Limited, a vehicle controlled by Stroll who acquired a roughly 25% percent holding in Aston Martin with a consortium of investors. Mercedes have won the past six Formula One drivers' and constructors' titles but have six times world champion Lewis Hamilton out of contract at the end of the 2020 season, which has yet to start due to the COVID-19 pandemic. Hamilton, who has also been linked to Ferrari, had told reporters before the global crisis changed the sporting and financial landscape that his decision would depend on Wolff's plans. The Briton is now expected to stay at Mercedes, with a radical overhaul of Formula One's sporting and technical regulations postponed to 2022. Related Video: Motorsports Aston Martin Mercedes-Benz