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Lexus LFA art car is here to celebrate 10 years of Toyota performance
Fri, Jul 27 2018The Lexus LFA hasn't been in production since 2012, but there are still a few sitting on dealer lots. It's a shame, as Lexus' super GT is a pretty phenomenal machine. Lexus seems to think so too, as it's still doing a bit to promote the car and its relevance to the F performance sub-brand. In order to celebrate 10 years of F and the RC F GT3's debut at the 24 Hours of Spa, Lexus revealed a new LFA art car. Like the BMW art cars, the LFA is used as a canvas by a professional artist, in this case Portugal's Pedro Henriques. The car features a black and white paint scheme, with flowing lines and strips along the bodywork. The car itself features a fixed rear wing and a screaming 553-horsepower naturally aspirated V10. While the LFA won't race, it will join the RC F GT3 on track this weekend as a parade car. Related Video: Featured Gallery Lexus LFA Art Car News Source: Toyota Australia Design/Style Motorsports Lexus Coupe Luxury Performance Supercars lexus lfa lexus rc f
2018 Jeep Wrangler Rubicon Alaska Cannonball | 14,000 miles to Deadhorse and back
Fri, Jul 27 2018I've never delayed big adventure long enough to fill a bucket. But I do have a bucket item that dates to 1992: drive from Deadhorse, Alaska, to Tierra del Fuego, Argentina. Twenty-six years later, it's time. But first, I needed a vehicle. And a Jeep Wrangler was not my first choice. Growing up as a kid in the Midwest, I loved Jeeps. But around 10 years ago I went on a camping trip to Death Valley with a colleague, testing the early JK Wrangler against the competition. By the end of it, I couldn't justify the ergonomic and physical punishment for the admittedly massive capability. So two years ago, I bought a 1994 Toyota Land Cruiser project truck to make the journey. I paid too much, and the Cruiser revealed itself to be not a garage project, but the Manhattan Project. I took this as a good omen. Adventure begins in the deep end, so why wait to get there? During a break from discovering enough gremlins to reboot the movie franchise, I had dinner with Jeep's West Coast PR guy. I mentioned my plans for a six-month overlanding trek to Alaska. He said, "You know, we've got a new Wrangler coming out that might be a good test of the chassis." My outside voice said, "That would be interesting." My inside voice said, "Hmmm." Anything's possible after 10 years, right? I might like it. Might. Many plans have gone awry on the way to this moment. It's taken more than a year to lock in a start date, because Jeep couldn't spare a Wrangler Rubicon. Everyone else in America keeps buying them. A suitable Wrangler was found eventually, but now the deed had to be done in three months, not six. What was going to be a comfortably-paced, backwoods roll up to Alaska and back has turned into the Rubicon Overland Cannonball. I know 14 weeks is plenty of time to drive to the Arctic and back. (Tierra del Fuego is officially off the itinerary.) However, the point of this trip is to fit in as much dirt, as many bucket-list trails, and all the wild America possible. That means my route's about 14,000 convoluted miles of criss-crossing the country in all the cardinal directions. And that's assuming everything goes to plan. Until last week, I was doing this trip with a friend from college who lives in Marietta, Georgia. He was the photo/video guy. Then he had a medical emergency, so the only trip he's taking is to the OR and rehab. Now I'm going by myself, and I think it's important to point out that I have no idea what I'm doing. That isn't modesty, that's truth: zero clue.
Fiat Chrysler says it did not know about Marchionne's illness
Fri, Jul 27 2018ZURICH/MILAN Fiat Chrysler said it knew nothing about the medical condition of Sergio Marchionne after a Swiss hospital said on Thursday it had been treating the deceased chief executive for more than a year. "Due to medical privacy, the company had no knowledge of the facts relating to Mr. Marchionne's health," a Fiat Chrysler spokesman said. Questions have been raised about how long Marchionne, who died on Wednesday, was ill and how much the company knew before it made the situation public. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the wheel of the Italian carmaker in 2004 and he multiplied Fiat's value 11 times through 14 years of canny dealmaking. He was due to step down at FCA in April next year. "The company was made aware that Mr. Marchionne had undergone shoulder surgery and released a statement about this," the spokesperson said. "On Friday, July 20, the company was made aware with no detail by Mr. Marchionne's family of the serious deterioration in Mr. Marchionne's condition and that as a result he would be unable to return to work. The company promptly took and announced the appropriate action the following day." Asked whether the scope of the statement included the board and the chairman, the company declined to comment. In emailed comments, Marchionne's family confirmed the companies had not been aware of his health conditions. "At the end of last week FCA was made aware Sergio Marchionne would no longer be able to return to work without mentioning any further details," the family said. The announcement of the death of Marchionne, 66, one of the auto industry's most tenacious and respected CEOs, drew tributes from rivals and tears from his closest colleagues on Wednesday. University Hospital Zurich said earlier on Thursday Marchionne had been treated for a serious illness for more than a year before his death. Marchionne had fallen gravely ill after what the company had described as shoulder surgery at a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened. "Mr. Sergio Marchionne was a patient at USZ. Due to serious illness, he had been the recipient of recurring treatment for more than a year," the hospital said in a statement. "Although all the options offered by cutting-edge medicine were utilized, Mr.
2019 Maserati Levante GTS First (Wet) Drive Review | A brief taste of a Ferrari-flavored SUV
Thu, Jul 26 2018If it rained any harder, someone would've had to scrounge up an extremely old man to build a giant ship and start herding animals. Lake Huron is dryer. My shoes were still unwearably soggy the next day. So, not exactly the best environment to sample the 550-horsepower, V8-powered leviathan of a performance SUV known as the 2019 Maserati Levante GTS. Sure, it has all-wheel drive and a limited-slip rear differential, but those are traction aids, not magic. In any event, our time with the "lesser" of two V8-powered Levantes would be limited, compromised and extremely damp, but several laps around the M1 Concourse in Pontiac, Mich., nevertheless provided a taste of what one might expect under better conditions. Chiefly, you can expect noise. Beautiful, beautiful noise. Even with our heads and ears encased in helmets, the V8 sang a nasty warbling wail. Though built by Ferrari in Maranello, the 3.8-liter twin-turbo V8 doesn't build to the expected screaming Italian crescendo it's deeper, more muscular and still deeply invigorating. You'd undoubtedly drive like a buffoon just to hear the thing. Second gear may be popular. Maserati Levante GTS View 8 Photos Stuffing a V8 into the Levante was never originally intended. It was only supposed to have a V6. Nevertheless, a group of engineers secretly took it upon themselves to see if they could fit the Quattroporte GTS' V8 into the Levante, because why not? Turns out they could and in the process, even beef up the engine. Rather than being lambasted by their bosses for going rogue on their little skunkworks project, Maserati instead green-lit not one but two V8-powered Levantes: the 550-hp GTS and 590-hp Trofeo. See, screwing around at work does have its benefits. The differences between GTS and Trofeo are largely horsepower, some minor cosmetic differences, and the Trofeo's extra standard equipment and heftier price tag. Respectively, that would be $121,475 and $171,475. The priciest V6-powered Levante S GranSport goes for $93,475. Maserati Levante Trofeo View 13 Photos Maserati didn't stop with the engine, however. The chassis was tuned to handle all those extra prancing horses, and while suspension componentry is shared with the rest of the line, tuning is specific for the V8's. The Sport Skyhook adaptive damping system was also retuned, while the air springs feature six different height levels spanning a total of 3 inches from its lowest to highest position.
2018 Lamborghini Huracan Performante Spyder First Drive Review | Cheating the wind
Thu, Jul 26 2018NAPA, Calif. A long, fast, right-hand sweeper appears a few hundred feet ahead, but I don't tap the brakes. Instead I decide to trust the aerodynamics. And when the Lamborghini Huracan Performante Spyder slices through corner after corner with zero drama, the smile that naturally occurs when driving something so potent gets incrementally more maniacal. From behind the wheel, the driver can't see what's happening with the front splitter and rear wing. All the action takes place underneath the wedge-shaped bodywork. Electric actuators open and close air pathways that either push the Performante Spyder into the ground for the best possible cornering performance, or cancel out that drag-inducing downforce so that the car can accelerate as quickly as possible and hit a higher maximum speed. I have good reason to put faith in Aerodinamica Lamborghini Attiva, which I'll henceforth and mercifully shorten to its initials ALA Β a system we've already experienced on our first and second drives of the Performante Coupe. I'd been given the full rundown on the bits and pieces of forged composite that make it all work, the most impressive of which allow aero vectoring from the wing to apply downforce only to the rear tire that needs it most. But it wasn't until I was behind the wheel on a particularly twisty ribbon of asphalt outside of Napa, California, that I was able to put ALA to the test. I progressively took corners faster, building up speed and pushing myself harder into the grippy bolsters of the Alcantara seat. The Performante Spyder stayed as flat as the plains of Kansas, and never gave one hint of breaking traction from the front or the rear. Straight-line acceleration is just as impressive. Yes, at 3.1 seconds, the Spyder is .2 seconds slower to 62 miles per hour than the Performante Coupe. Unless you're racing for pink slips, that's imperceptible and meaningless in the real world. Keep the throttle pinned and you'll hit a top speed of 202 mph, which matches that of the Coupe. What those numbers don't tell you, though, is how it actually feels to lunge forward with all-wheel-drive traction from a dead stop and sense no slowdown in the rate of acceleration until you're too scared to keep your foot planted any longer. I suggest keeping your head pressed firmly against its rest before trying for yourself. The naturally aspirated V10 engine sitting directly behind the passenger compartment spins out 640 horsepower and 443 pound-feet of torque.
Lamborghini Aventador SVJ sets Nurburgring lap record
Thu, Jul 26 2018It seems everyone is out to claim a lap record at the Nurburgring. Having a car sit at the top of the Green Hell's lap board is huge point of pride for people. Just scroll through past Autoblog posts about the track. You'll find Porsche, Lamborghini and Nio all claiming lap records in different categories. The Dodge Viper used to hold the crown before falling to faster and more modern cars. There's speculation as to what might break the record in the future. Today, Lamborghini announced that the new Aventador SVJ has broken the production car record with a lap time of 6:44.97 minutes. That's a hair faster than the Nio EP9 lap time from last year. The Nio knocked off the then-new Lamborghini Huracan Performante, so we're sure Nio is eager to get back out and have another go. While the times from Lamborghini and Nio might be impressive, they're way off the actual lap record. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Just a couple of weeks ago, Porsche announced that its 919 Hybrid Evo an unrestricted version of its Le Mans prototype race car Β set a record of 5:19.546. That's nearly a minute and a half faster than road-legal cars. The Aventador SVJ was piloted by Marco Mapelli, a factory-backed race car driver. The car was fitted with cameras and VBOX telemetry equipment to measure and verify the lap time. The Aventador SVJ's record was teased earlier this month with a new video, though a video of the full record-setting lap has yet to be released. Expect something soon, as well as outside verification so we don't get the whole "Lamborghini cheated" back and forth that went on after the Hurcan set its record. Related Video:
Aston Martin SUV production to start in late 2019
Wed, Jul 25 2018Aston Martin has confirmed it's upcoming SUV will begin production at a new factory beginning in late-2019. The high end sport-utility will be similar in size and design to the DBX Concept, which Aston Martin first exhibited in Monterey back in 2015. Since it first debuted three years, the market for exotic and hugely expensive sport-utilities has gotten red-hot and highly competitive. New models in this rarefied segment of the sport-utility world now include the Lamborghini Urus, Rolls-Royce Cullinan, and Bentley Bentayga. The plant where Aston will build its SUV is based in St. Athan, Wales, on the site of a former Royal Air Force base. A total of three former aircraft hangars are being combined, to create this new facility. This factory is only part of a larger expansion plan that will add roughly 1,000 new employees to Aston Martin's ranks, stationed throughout its existing facilities in Gaydon and Newport Pagnell, along with the new St. Athan-based site. "We are delighted at the progress being made at the St Athan site. The team have done a fantastic job in advancing the facility and I was incredibly proud to chair our first Board meeting at the new plant," said Andy Palmer, Aston Martin's president and CEO. Showing how important adding a truck is to its future business model, Aston confirmed a total of 150 employees will be assigned solely to "pre-production preparations" related to the company's upcoming SUV. Related Video:
The 2018 Mazda6 also snags top IIHS safety rating
Wed, Jul 25 2018The Insurance Institute for Highway Safety is one of two organizations that issues important safety ratings. To get to IIHS's Top Safety Pick rating level, the 2018 Mazda6 not only had to ace a bunch of difficult crash tests, it also must have headlights that meet a strict test as well. Its stablemate, the CX-5 crossover just received the even higher Top Safety Pick+ rating. Both must be equipped with optional adaptive headlights to achieve these ratings. The rationale is, many crashes happen at dusk or in the dark, and an outsized number on unlit roads. While almost all modern headlights outperform the dim, unfocused sealed beams of the past, IIHS says that government regulations aren't doing a good enough job of ensuring real-world performance. Adaptive headlights turn with the front wheels, helping out a lot in IIHS's tests on illumination in sharp and gradual curves. Related: How the 2018 Mazda6 stacks up to its competitors in the midsize sedan segment The Adaptive Front-Lighting System is only available in the Grand Touring Reserve and Signature trim levels, meaning that you'll have to upgrade to those fancy versions to get it. It'd be nice if Mazda allowed even lower-trim buyers to add this as a stand-alone option, but for now that's not how it works. Fancy, safer headlights or no, we love the new Mazda6, especially the turbocharged version. It's one of the most fun sedans around. And, according to IIHS, now one of the safest. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Compact SUV Comparison: Specs, pics and reviews of every brand's crossover
Wed, Jul 25 2018Honda CR-V vs Toyota RAV4. Chevy Equinox vs Ford Escape. Mazda CX-5 vs Subaru Forester. Whichever combinations of compact crossover SUV you're considering, there's probably a comparison test or chart out there to read. Heck, you can even create a three-car comparison yourself here at Autoblog. However, if you want a bunch of that information all in one convenient place, well, here it is. Our mega comparison of specs, features and photos of compact SUV entries from every mainstream manufacturer that sells them. That includes the 2018 Chevrolet Equinox, 2018 Ford Escape, 2018 GMC Terrain, 2018 Honda CR-V, 2018 Hyundai Tucson, 2019 Jeep Cherokee (it's already on sale with notable changes from 2018), 2018 Jeep Compass, 2018 Kia Sportage, 2018 Mazda CX-5, 2018 Mitsubishi Eclipse Cross (none of Mitsu's SUVs are perfect fits for this segment, so we deemed the MEC the most competitive fit), 2018 Nissan Rogue, 2018 Subaru Forester, 2018 Toyota RAV4 and 2018 Volkswagen Tiguan. We can update this comparison as more information about 2019 models is released, most notably the Forester and RAV4. Now, there are certainly some models that are smaller (Nissan Rogue Sport) or larger (Kia Sorento) that could also be considered, but we figured it was wise to stick with those in this sweet spot of comparable size and price. We also included links to Autoblog reviews, buying guides and smaller comparisons. Engines and Transmissions With rare exception, this segment features four-cylinder power. Sometimes it's turbocharged, often its not, but standard engine outputs are generally in the same ballpark. Therefore, we'd recommend focusing on torque output, as it's what will make a difference around town or when passing, and weighing that versus fuel economy (the Chevy Equinox, GMC Terrain, Honda CR-V and Mazda CX-5 make particularly strong cases in this regard). Many drivers aren't too fond of continuously variable transmissions (CVT), either, so that's another thing to consider and note during a test drive. As you can see, several models are available with performance upgrades. Besides the Jeep Cherokee's available V6, all are more powerful turbocharged four-cylinder engines. The exception to this would be the Honda CR-V and Ford Escape, as their 1.5-liter turbo engines don't prioritize performance. Instead, they serve as overall upgrades to the base naturally aspirated engines standard on only their base trim levels (CR-V LX and Escape S).
2019 Dodge Durango GT Blacktop | Blacked-out family hauler
Wed, Jul 25 2018We recently spent a day at FCA's Chelsea Proving Grounds here in Michigan, and after we had had a little too much fun driving the new 2019 Dodge Durango Pursuit, we took a ride in the updated Durango GT. New for 2019, the GT gets a new front fascia borrowed from its R/T and SRT brethren. It also gets standard LED fog lamps. The optional performance hood is inspired by the SRT model, with a single air duct and two heat extractors. In the rear. In addition to its updated styling, this tester was equipped with the Blacktop package, which gives the sporty new flair a menacing edge. It had glossy black wheels (20-inchers) and mirrors, and blacked-out badges on the exterior. At the rear, it had dual exhaust with bright tips. Inside, out tester featured carbon fiber accents, paddle shifters and a trailer brake control. The Dodge Durango GT is still powered by the 3.6-liter Pentastar V6, producing 295 horsepower and 260 pound-feet of torque. It's available in rear- and all-wheel-drive configurations, and can tow up to 6,200 pounds. It shifts gears via an eight-speed automatic transmission. RWD models get 19 mpg city, 26 highway, and AWD models suffer one mpg across the board. Our brief drive reconfirmed what we already knew about the Durango. It's a fun SUV that feels macho yet comfortable. For a vehicle that size, it really is fun to drive, and Dodge did a great job of making it feel like a lifted Charger. It's got plenty of room for the whole family, but you won't have to check your soul at the door. Have a gander at the video above, and be on the lookout for more videos coming from our day at FCA's proving grounds.Related Video:
McLaren names future Hyper-GT the Speedtail
Wed, Jul 25 2018McLaren has announced the official name for its upcoming "Hyper-GT", which it has teased numerous times. The car, designed to beat the original McLaren F1's 243 mph top speed, will be called the Speedtail, according to a statement released by the company on Wednesday; up until now, it has been referred to as the BP23. Earlier, McLaren had disclosed that the car would be known by a proper name "rather than an alphanumeric nomenclature," and Speedtail sounds like a fitting choice. There will only be 106 Speedtails built, and all are already spoken for despite the car's daunting $2.1 million price tag. McLaren says the Speedtail will not only be the fastest McLaren built, but also the most luxurious. Like the legendary F1 of the 1990s, the Speedtail will have a central driving position, where the driver is flanked by passenger seats, but as a sign of the times, the powertrain will be hybrid. All of the Speedtails will be customized to the future owners' tastes by McLaren's Special Operations outfit, and production is slated to begin at late 2019. The 106-car production number is yet another hat-tip to the original McLaren F1. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: McLaren Automotive McLaren Videos mclaren automotive mclaren bp23 McLaren Speedtail
2018 Bugatti Chiron gets the one thing (two, actually) it didn't have
Wed, Jul 25 2018If you thought there couldn't be anything missing on the multi-million-dollar, 1,500-horsepower, 250-mph Bugatti Chiron hypercar, we wouldn't blame you. But you would also be wrong. Apparently this massively fast tribute to capitalism didn't have an option for a sunroof. Can you believe it? The 2018 Bugatti Chiron couldn't be had with a feature you can get on a Hyundai Accent. Well, Bugatti Chiron buyers no longer have to suffer this indignity thanks to a new option called "Sky View." What Sky View amounts to are two glass panels, one over each seat, affixed to the roof of the hypercar. Each panel is laminated for a total of four layers and is designed to provide both UV protection for occupants and to be stiff and strong both to keep the car rigid and provide protection in a crash. Another upside to the option is that it adds 2.7 centimeters, or about an inch, of headroom. There do appear to be a couple of downsides, though. Bugatti mentions that the panels are tinted to keep the incoming light from being too overbearing, but it says nothing about any sort of sunshade if you find the tinting to not be sufficient. Not only that, but the panels are fixed, so you won't be able to get much of an open-air feeling. We should say the aforementioned Hyundai Accent has both of these features, but hey, you're making progress Bugatti, and that should be lauded. Maybe you'll get those details next time. Related Video:
UPDATED: The auto industry has lost a true giant
Wed, Jul 25 2018Former Fiat Chrysler Chief Executive Sergio Marchionne, one of the auto industry's most tenacious and respected auto chiefs, has died, succumbing to complications from surgery. Following are some of THE tributes paid to Marchionne:Apple CEO Tim Cook: "Sad to hear of the unexpected passing of Sergio Marchionne, an auto industry visionary and a remarkable leader. Our thoughts are with his family, friends and everyone at Fiat Chrysler."U.S. President Donald Trump: "Sergio Marchionne, who passed away today, was one of the most brilliant & successful car executives since the days of the legendary Henry Ford. It was a great honor for me to get to know Sergio as POTUS, he loved the car industry, and fought hard for it. He will be truly missed!"Canadian Prime Minister Justin Trudeau: "He was a giant in the auto industry, a friend of the Italian-Canadian community, and a visionary in the corporate world. Sergio Marchionne's death is a huge loss, and Sophie and I send our condolences to his family and friends."PSA Group CEO Carlos Tavares: "I am extremely sorry to hear this very sad news and I extend my sincere condolences to the family of Sergio Marchionne. Marchionne's leadership will remain our benchmark in the automotive industry."Aston Martin CEO Andy Palmer: "We are deeply saddened to learn of the passing of Sergio Marchionne. On behalf of all of us at Aston Martin Lagonda, I would like to extend our sincere sympathies and condolences to his family, friends and colleagues at Fiat Chrysler Automobiles."Daimler Chief Executive Dieter Zetsche: "The auto industry has lost a real giant. And many of us have lost a very dear friend: Sergio Marchionne."Gary Jones, United Auto Workers President: "During the industry's dark days of the recession, Chrysler, Dodge, Jeep and RAM were at a perilous point. Working with the UAW members, the FCA rebirth was born when many doubted it would come. As in all labor-management relationships, there were clashes and disagreements." "And when history looks back at his legacy, despite bumps and bruises along the way, in the end, the sun wasn't setting when he left the company, the sun was rising. That will long be remembered."Chase Carey, Chairman and CEO of Formula One motor racing: "He led with great passion, energy and insight, and inspired all around him. His contributions to Formula 1 are immeasurable.
Fiat Chrysler cuts 2018 outlook, shares tumble on weaker quarterly profit
Wed, Jul 25 2018MILAN The news of former Fiat Chrysler chief executive Sergio Marchionne's death arrived Wednesday moments before the group reported a surprisingly heavy drop in profit. The death of one of the auto industry's most tenacious and respected CEOs overshadowed a big selloff in Fiat Chrysler shares. FCA's scheduled second-quarter earnings presentation, led by Marchionne's successor and former lieutenant Mike Manley, began on Wednesday afternoon with a moment of silence. As eulogies flooded in, FCA shares fell as much as 10 percent as investors digested an unexpected 35 percent fall in net profit, well below market forecasts. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the wheel of the Italian carmaker in 2004 and he multiplied Fiat's value 11 times through 14 years of canny dealmaking. He was due to step down at FCA in April next year. "The best way to honor his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion," Chairman John Elkann added. On Saturday, FCA named Jeep division head Mike Manley, 54, as head of the world's seventh-largest carmaker, saying the Briton would execute a strategy that Marchionne had outlined in June. FCA has said Manley will work to ensure a "strong and independent" future for the group. Underlining the task facing Manley, FCA cut its full-year earnings outlook after the weaker-than-expected quarterly earnings. Having to deliver the bad news four days into his new job, Manley blamed the result on a weaker performance in China, a market that represents one of new CEO's immediate headaches. "The biggest challenges we face and frankly we're going to continue to face ... are all focused in China," Manley said. FCA has yet to make any significant inroads in China. In Marchionne's June plan, FCA pledged to boost production of sport utility vehicles and invest in electric and hybrid cars to double operating profit by 2022. It unveiled bold targets for Jeep, FCA's profit engine. FCA said adjusted earnings before interest and tax (EBIT) for the April-June period fell 11 percent to 1.7 billion euros ($1.99 billion), compared with 2 billion euros in a Reuters poll of analysts. Chinese demand slumped in the quarter ahead of a July cut in import duties, resulting in higher incentive spending and an increase in unsold vehicle stocks that "particularly affected Maserati," Manley said.
Fiat Chrysler CEO Marchionne's health crisis forced succession scramble
Wed, Jul 25 2018Former Fiat Chrysler Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker's board were working on an orderly succession plan ahead of his expected departure in 2019. But a health crisis that left 66-year-old Marchionne incapacitated in a Swiss hospital set off a transition last week that was sudden and rushed, banking and industry sources said. The company announced on Wednesday that Marchionne had died, succumbing to complications from surgery. It emerged that Marchionne's successor was far from settled. Indeed before last week's crisis, many company executives remained in the dark, four banking sources who spoke to Fiat Chrysler executives told Reuters. The scramble to replace Marchionne led to the resignation of a senior executive who was passed over for the top job, the sources said, and exposed fissures between the Italian and North American sides of the world's seventh-largest automaker. Fiat Chrysler Chairman John Elkann named Michael Manley, head of the company's Jeep and Ram truck divisions, to replace Marchionne at an emergency meeting in Turin, Italy on Saturday. In doing so, Elkann followed Marchionne's wishes to appoint Manley his successor, two sources said. The company has portrayed Manley's appointment as the product of lengthy deliberation. "Sergio and John have always been totally aligned on the choice of Mike Manley," Fiat Chrysler's main spokesman Mike Keegan said on Tuesday, when asked whether there were differences over the succession. Elkann's office declined to comment. Manley could not immediately be reached for comment. This description diverges from what Marchionne himself told investors on June 1 during a day-long strategy presentation in Balocco, Italy. Marchionne said that he and Elkann "from time to time have these chats" about succession, but the issue would not be decided until next year. "It's a 2019 issue," Marchionne said. "So it's not going to happen until we close '18. It just won't happen." He went on to say that the company's board would not engage in a "rubber stamp process." Some analysts have also expressed skepticism that a final decision had been made. "My view is Marchionne and Elkann were still arguing about succession and had different views on the right candidate," Sanford Bernstein analyst Max Warburton said in a note on Monday, referring to the June 1 presentation.
Sergio Marchionne, the man who saved Fiat and Chrysler, dies at 66
Wed, Jul 25 2018MILAN Sergio Marchionne, one of the auto industry's most demanding and tenacious chief executives, who rescued Fiat and Chrysler, two of its most storied brand, has died after complications from recent surgery. He was 66. The gruff chief executive spent 14 years at the wheel of Fiat Chrysler, the group he built. He was replaced as boss last weekend after his condition worsened. In Italy, where his turnaround of Fiat earned him legendary status, he was treated like a rock star. The former philosophy student and accountant almost never wore a tie and preferred casual sweaters, half-joking that it saved him time on dressing. A heavy smoker until giving up the habit a year ago, he was known for working extraordinarily long hours before falling ill. He demanded others keep a similarly grueling schedule, earning him a reputation from friends and foes alike for being stubborn and arrogant. "I feel like I live in a tunnel. He is not just demanding; he wants all your life devoted to him," said one banker who worked with Marchionne on various deals in recent years. Some could not keep up with his round-the-clock approach. Another banker who worked with Marchionne said he would receive emails from him at all hours, even in the middle of the night. In his last public appearance on June 26, wearing his signature sweater, Marchionne appeared fatigued and out of breath as he presented a Jeep Wrangler to Italy's paramilitary police, the Carabinieri, at a ceremony in Rome. Days later, he went to Switzerland to undergo what Fiat Chrysler (FCA) described as a shoulder operation. FCA has not said what happened after he left the operating theater, but according to media reports in Italy, the surgery was for an invasive sarcoma he had known about for some time but had not revealed to his boss, FCA Chairman John Elkann. The reports say he underwent a risky surgery in Switzerland but developed a cerebral embolism on the operating table that left him in a coma. In an emergency board meeting at the weekend, FCA chose the head of its Jeep division, Mike Manley, as his successor. On Wednesday, Elkann announced that the longtime CEO had passed away, saying: "Sergio Marchionne, man and friend, is gone." Marchionne has done what many thought impossible, most notably his huge gamble just over a decade ago when he set in motion the marriage between the then-ailing Fiat with bankrupt U.S. rival Chrysler. It is now the world's seventh-largest carmaker and is debt-free.
Hardcore Lexus RC F spied along with facelifted model
Wed, Jul 25 2018The Lexus LC F isn't the only high-performance Lexus spied testing. Another of our spy photographers caught a hardcore version of the RC F sports coupe out testing with its more mild-mannered sibling, the latter of which was trying to hide its mild facelift. Of the two cars, the RC F is the more interesting for a couple of reasons, and not just because it will be the faster of the two. First of all, it looks like this RC F will be significantly lighter than the current model. The weight savings will likely come mainly from new carbon fiber panels that include the bare carbon hood and roof panel. It's possible Lexus will have found some other areas to save weight, but these parts are all we can see at the moment. The other reason this RC F is grabbing our attention is the impossible-to-miss rear wing. Its tall supports, large size and bold end plates signal that this is more of a track car than just a fast road car. Whether it delivers track-car levels of downforce has yet to be seen. The fixed wing is also likely lighter than the power-retractable one on the regular RC F. Another performance upgrade we can see are the giant cross-drilled brakes. One of the big mysteries of this car is of course whether Lexus will have upgraded the powertrain to match the other upgrades. We're not getting our hopes up. Lexus only has two versions of the 5.0-liter V8 (that we know of): the RC F version that makes 467 horsepower, and the LC 500 version that makes 471 horsepower. We could see Lexus using the slightly hotter LC version, but likely nothing new. Part of what leads us to think that is the RC F GT Concept Lexus built for Pikes Peak a few years ago. That car got loads of light parts, a roll cage and a wide body kit, but it had just the same 467-horsepower V8 as any other RC F. View 15 Photos As for the other RC on display in these spy shots, it gives us a solid look at the coupe's upcoming midcycle refresh. Interestingly, it appears Lexus has abandoned the split lights that had the Nike "Swoosh" style running lights. Now everything is integrated into single units. The outboard grilles now have more prominent strakes in them, and there's now a small grille or air inlet at the base of the main grille. Around at the back, there are almost no changes that we can see through the camouflage. Only a possible extension of the diffuser between the rear reflectors is all that shows through.
Where did Ferrari's new CEO come from? Cigarettes and money
Tue, Jul 24 2018At the close of the 2006 Formula One season, cigarette advertising was banned from the cars on the grid. Arguably the most prominent and widely recognized brand/car package was the red, black and white Marlboro logo that encompassed the Ferrari cars. Marlboros were marketed by the company then known as Phillip Morris. Phillip Morris became part of a conglomerate named Altria. The man who was the CEO of Altria at the time of the tobacco advertising ban, a man who had long been an exec at what was still just Phillip Morris during the 1980s and 1990s, when much of the truly exciting F1 racing occurred, was Louis C. Camilleri. Camilleri has been given the powers of the CEO by the board of Ferrari and is likely to be given the official job within days due to the unfortunate health-related circumstances of Sergio Marchionne. According to a story that appeared in November 2001 on Motorsport.com about the ban on tobacco advertising in Formula One, the organizing body of the sport, the FIA, released a statement that said, in part, "Today tobacco sponsorship remains an important source of revenue for a number of Formula 1 and World Rally Championship teams. The precise value of such sponsorship is hard to estimate but probably exceeds 350 million per year." Serious money. And as Camilleri, presumably, had more than a little something to do with the splashing of the Marlboro signage on the cars of drivers including Schumacher and Massa, his association with Ferrari probably had more to do with nicotine than gasoline. In October 2015 Ferrari's IPO was priced at $52 per share. At the beginning of 2018 the price was at $105.15; as of July 20, $140. Like any good billionaire, he is said to have a collection of Ferraris, though he isn't a "car guy" in the traditional sense of coming up in the business. (One of the Altria companies had been Kraft Foods, so he may know more than most about things like Velveeta.) But Ferrari is as much about serious money as it is about V12s nowadays, maybe more. Related Video:
Junkyard Gem: 1989 Saab 9000 Turbo
Tue, Jul 24 2018Saab got a lot of sales out of its 99 and 99-based 900 models, but a bigger and more modern car became necessary in order to compete with other European manufacturers in the executive-car market. This car was the 9000, and examples are getting very hard to find nowadays. Here's a 200,000-mile turbocharged 1989 Saab 9000 in a San Francisco Bay Area self-service wrecking yard. Other than Mercedes-Benzes and Volvo 240s, I don't see many junkyard 1980s European cars with better than 200,000 miles on the clock. The owner or owners of this Saab loved it enough to keep it in nice shape for a good 30 years, and it drove more than 7,000 miles on average during each year of its life. The engine is the same 160-horsepower turbocharged Saab H that went into the 1989 Saab 900 Turbo. This engine is descended from the Triumph Slant-4, which Americans knew best as the power under the hood of the Triumph TR-7. Members of this engine family remained in production from 1968 through 2009. It has the five-speed manual transmission, which was starting to become an unusual transmission choice for U.S. car buyers by 1989 even in Saabs. The Scania badging on Saabs went away after 1995. I see plenty of Saab 900s during my junkyard wanderings, but 9000s aren't so easy to find in the big U-Wrench yards in 2018. I'm not sure what's going on with the fabric in this car's door-panel inserts. Saab went with the same ignition-switch location as everybody else with the 9000, rather than the "traditional" spot between the front seats. Naturally, Saab purists were so outraged by this that they ordered another round of surstromming and swore to stick with their two-stroke 96s for the next 30 years. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ballet in 3 acts for 8 SAAB 9000 Turbos. Featured Gallery Junked 1989 Saab 9000 Turbo View 18 Photos Auto News Saab Automotive History
Driving the 2019 Dodge Durango Pursuit | Bells and whistles, lights and sirens
Tue, Jul 24 2018Recently, we went to the FCA proving grounds in Chelsea, Mich., to test out the company's 2019 model-year lineup. There are a lot of cars to choose from, and only a limited time to drive them, so since we couldn't drive the Dodge Challenger SRT Hellcat Redeye (that drive is coming soon, though) naturally we gravitated to the flashiest, noisiest one: the 2019 Dodge Durango Pursuit police vehicle. This is the first time the Durango is being offered as a cop car, and there are a number of features that make it fit for service. All Durango Pursuit models feature all-wheel drive, and it's available with two different engines. The standard motor is the 3.6-liter Pentastar V6, providing 293 horsepower and 260 pound-feet of torque. The tester we got to drive, though, was equipped with the 5.7-liter hemi V8, good for 360 horsepower and 390 pound-feet of torque. It also has a load-leveling performance suspension, which really helped out when we tossed it around the handling course. It has 8.1 inches of ground clearance, which means it can get to scenes off the beaten path. As much as we loved driving it, we had the most fun just playing with the lights and sirens of the Durango Pursuit. Standing outside the vehicle, the sirens and horn are incredibly loud, enough to make bystanders jump in fright. Dodge did a good job with the sound deadening, though, and the sustained wail wasn't bothersome when chasing imaginary suspects around the test track. One feature we didn't get to test out, but important to police duty, was the special Uconnect system in the Durango Pursuit. More than just an infotainment system, the seven-inch display is equipped to integrate various law enforcement systems. Another cool detail about the car, its tri-zone climate system is ideal for K9 units, with the ability to set separate HVAC settings for the dogs in the back of the car. Check out the video above, and stay tuned for more videos to come from our time spent at FCA's Chelsea proving grounds. Related Video: Dodge Crossover SUV Police/Emergency Special and Limited Editions Videos FCA
Midsize Sedan Comparison | Honda Accord vs. Toyota Camry vs. Mazda6
Tue, Jul 24 2018The rumors of the midsize sedan's death have been greatly exaggerated. The 2018 Honda Accord and 2018 Toyota Camry together moved more than 262,000 units through May of this year, which is still a ton of cars. Then again, both are down year-over-year despite being completely, and quite impressively, redesigned for 2018. So yes, the midsize sedan's grip on family transportation is weakening. Ford certainly thinks so, yet this change in consumer preferences comes at a time when the current crop of sedans is sensational. They're bigger and more powerful, yet also more efficient. Safety scores are impeccable. They even look better than ever. So before running out to score one of the bajillion little SUVs flooding the market, why not ponder this trio of midsize sedan all-stars that might actually work better? Over the course of three consecutive weeks we tested the 2018 Camry XSE V6, 2018 Accord Touring 2.0T and the perennial critical-darling 2018 Mazda6 Signature. The latter was thoroughly overhauled and, perhaps as such, bucked the segment trend by actually selling more in June this year. Each was a range-topping trim level with all the bells and whistles, plus the most powerful engine available. Really, you couldn't find cars closer in power, price and feature content. View 57 Photos Performance and fuel economy Toyota bucked the turbocharged trend by sticking with naturally aspirated engines for the 2018 Camry, and when it comes to its 3.5-liter V6, it's sure hard to argue with that decision. For starters, it produces 301 horsepower. Let that sink in for a moment. A 301-hp Toyota Camry. That crushes the others, while its 267 pound-feet of torque is only 6 less than the Accord. This is a strong, smooth engine that only gets better when you realize it matches the 26-mpg combined fuel economy of the others. Honda, meanwhile, followed the masses by switching to a turbocharged four-cylinder for the Accord's engine upgrade (and its base engine, for that matter). Though its 252 hp is considerably down on the Camry and its 271 lb-ft is only a smidgen more, the Accord's torque arrives earlier in the rev range without feeling overtly turbocharged. It also has 143 fewer pounds to contend with. When wrung out, this new 2.0-liter belts out a beautiful, typically Honda song made possible by the smart 10-speed automatic (the base 1.5-liter is paired to a CVT that results in more drone than mechanical music) that thankfully doesn't draw much attention to itself.
Lamborghini restores two 50-year-old classics to mark their anniversary
Tue, Jul 24 2018Front-engined Lamborghinis are a thing again, thanks to the Urus SUV. For decades, the company built nothing but mid-engined vehicles, perhaps for a good reason. But 50 years ago, Lamborghini introduced two cruisers with front-mounted V12s, and to commemorate the anniversary, the company's historical Polo Storico division has now restored examples of both. Before the era of Diablos, Murcielagos and Gallardos, the Espada was the strongest seller in the Lamborghini stable. Between 1968 and 1978, Lamborghini built 1,226 Espadas, all of them with a 4-liter V12, and some of them with an automatic transmission a Lamborghini first. Depending on the version, the Espada's power output ranged from 325 hp to 350, and it could exceed 150 mph while seating four. Taking its cues from earlier concept cars, the Espada's Gandini design can be remembered from the near-horizontal rear deck, and the 47-inch tall cars are very low for four-seaters. What about the Islero? For Lamborghini, it was a more conventional approach to a GT, as it was a further development of the earlier 400GT Β itself a continuation of Lamborghini's first production car, the 350GT. A handy way to tell the cars apart is that the Islero has hidden headlights, unlike the two earlier models. Compared to the Espada, the Islero's production run was markedly shorter: It was built for only two model years, with a total of 225 cars. The engine was the same V12 as in the Espada, but while the Islero S also had 350 hp, it was notably faster, and able to reach 161 mph. Lamborghini's Espada/Islero celebrations include a special tour of the Umbria region in early September. There's a 400-mile tour of central Italy Sept. 7-11 for Lamborghini enthusiasts, arranged by Lamborghini Polo Storico. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Lamborghini Espada/Islero 50th Anniversary Lamborghini Classics lamborghini espada
Lamborghini Aventador SVJ teased at Nurburgring
Tue, Jul 24 2018We've been seeing prototypes and hearing reports about a hopped-up version of the Lamborghini Aventador, but only now have we seen something official from the company. It's officially called the Lamborghini Aventador SVJ, and the company teased it in the above trailer of the car at the Nurburgring. It gives us our best look yet, and some tidbits about what we'll hear next about the car. Let's first address the looks. The front fascia has been revised with a much deeper chin and a big wing splitting the main air intakes in the front. The side skirts are wider with end caps at the forward sections behind the front wheels. Those wheels have motorsport-style single center nuts. In one of the trailer's clips, we can see they're wrapped in Pirelli P Zero Trofeo R tires. It also has the outrageous rear wing we've seen in spy shots, and the exhaust also sits high up like on the Huracan Performante. Finally, while not necessarily part of the looks, we get a look at the instrument cluster that reveals this Aventador has a redline of roughly 9,000 rpm. The other part of the trailer to address is the location. The whole trailer takes place at the Nurburgring, and there's usually only one reason to make a big deal about that: lap times. Lamborghini already proved it can make some wickedly fast track cars with the Huracan Performante, a car that laps the infamous track faster than any other Lamborghini (so far) and faster than even the Porsche 918 Spyder. We expect the Performante's left-right split active aerodynamic system will appear on this car. Add to it much more power from the V12, and we have a potential 'Ring monster. Rumors even suggest the Aventador SVJ will have a lap time of around 6 minutes, 45 seconds, faster than the 911 GT2 RS. The SVJ will probably be much lighter than other Aventadors, too. The Twitter post that features the trailer says something slightly ambiguous about having "the best weight to power ratio." We assume that means the best of any Lamborghini. Since this is a teaser, we're expecting to see a more full-fledged video in the near future, hopefully with at least lap time, if no other specifications. Also, the fact that Lamborghini is showing this much of the car now is a sign that a full reveal can't be far away. The Paris Auto Show would be a natural location since it's early this fall. Stay tuned for more in the near future. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences.
Lexus LC F prototype caught testing
Mon, Jul 23 2018The rumored Lexus LC F seems to be real based on these spy shots. A prototype was spied testing in Europe, and it shows a number of significant alterations from the regular LC 500 and LC 500h grand touring luxury coupes. In particularly, they seem to show a bit more of everything for the sporty edition. The nose bears some of the biggest changes compared with the standard models. While the center grille is mostly untouched, the outboard grilles have been cut wide open for more airflow. We can see the reason why, as there are heat exchangers in each of them. A particularly large one resides in the grille on the left side of the car. We can also see that the fenders have been extended over the wheel arches. Whether this is something to throw off observers or a final addition has yet to be seen, since the wheels and tires fitted to this car don't fill the added width, and the rear fenders aren't any wider, either. While nothing has changed to the sides of the car, we can spot the LC F's new brakes. They feature cross-drilled rotors and some beefy calipers. Moving around the back, we see that the LC F will get the signature stacked exhaust seen on the RC F and old IS F. Underneath, the tips will be matched with a wide diffuser that looks rather functional. Based on a previous report, it sounds like the LC F is still a couple of years away. Not much is known about the car, but it's safe to say it will make more than the 467 horsepower of the LC 500's naturally aspirated 5.0-liter V8. It could possibly have a twin-turbocharged 4.0-liter V8 or some sort of hybrid powertrain. To play in the same arena as some of the luxury performance competition, it will probably need at least 550 horsepower. Also expect it to cost significantly more than the LC 500h's low-$90,000s price tag. Related Video:
Subaru WRX STI Type RA-R has more power, less weight
Mon, Jul 23 2018Subaru is releasing yet another special high performance WRX STI that's only for its home, Japan. This time it's a variant of the WRX STI Type RA called the Type RA-R. Though it looks very similar to the version we get in the U.S., it has some key differences. Instead of the 310-horsepower 2.5-liter four-cylinder in ours, the RA-R has a 324-horsepower turbocharged 2.0-liter four-cylinder. It also produces 318 pound-feet of torque, a fair bit more than the 290 of ours. The Type RA-R also boasts additional weight savings. The company says it's about 66 pounds lighter than the WRX STI S208, another special STI similar to our Type RA. That model was already lightened thanks to a carbon fiber roof among other additions. Interestingly, the Type RA-R doesn't appear to have the Bilstein suspension of the S208 or the U.S. Type RA. It does still have Brembo brakes front and rear, though, with six-piston calipers up front and two-piston calipers in the back. Visually the Type RA-R looks fairly similar to its other special edition siblings. It has the extra "Cherry Blossom" red accents in the grille and the rear diffuser. It does have the option to go without the giant rear wing, though, for people who want the performance without shouting about it. The wheels are also downsized from 19 inches on the S208 and U.S.-spec Type RA to 18 inches. Unsurprisingly, this is a very limited edition vehicle. Only 500 will be sold, just like the U.S. Type RA. That is 50 more than the S208, though. The price before taxes is, at current exchange rates, about $41,500. Interestingly, that's a lower price than the American model. Of course it doesn't really matter because, as we already said, this car is for Japan only. Related Video:
2019 Hyundai Veloster N First Drive Review | Naughty and Nice
Mon, Jul 23 2018NuRBURGRING, Germany The N in the 2019 Hyundai Veloster N's name supposedly represents Hyundai's R&D base back in Namyang. For the excuse to visit Germany I'm glad N also stands for Nurburgring, the track on which it was honed and symbolic of the car enthusiast culture it wants a piece of. Because here in the Eifel mountains it feels like a permanent party for gearheads. The parking lot where you access the Nordschleife for the legendary "tourist laps" is buzzing with cars from every corner of Europe. The air around the track is thick with barbecue smoke, hot brakes and adrenaline, high-performance engines echoing across the rolling landscape long after the track has shut down for the day. It's a heady atmosphere, and exactly the spirit Hyundai wants to capture for an American audience in the Veloster N. The man tasked with doing that is Albert Biermann, recruited from an equivalent job at BMW M for his instinctive understanding of what enthusiast drivers want. Proof of that is evident in the number of M2s and M3s you see pounding the Nordschleife tourist sessions. Hyundai is clearly hoping he can channel that expertise into its own products. He makes the right noises about the brand's home being in Korea, but on a sunny evening in the German countryside with a pilsner in hand, it's clear this is his comfort zone and N most definitely stands for Nurburgring. Next day we're out on the track itself, the exit from the pit lane so abrupt I've barely selected second gear before filtering out onto the Nordschleife. I've bagged first place in the train of cars behind an instructor in an i30 N, the Elantra GT relative that launched the performance brand to the European market last year to critical acclaim. And I'm determined to make him work for his lunch. They might have a different look and distinct chassis tuning, but the i30 N and its Veloster cousin are pretty much interchangeable in terms of hardware. Like all N products, the Veloster N will be manual-transmission only for the near future, partly out of deference to enthusiasts and partly out of lack of a suitable in-house gearbox. And they have the same 2.0-liter twin-scroll turbocharged engine driving the front wheels with 275 horsepower and 260 pound-feet of torque. That's a big jump from the 201-hp, 1.6-liter Veloster Turbo Ultimate and puts it square between the Golf GTI and all-wheel-drive R, which is no accident given Volkswagen's performance products are the benchmark Hyundai needs to exceed.
2018 Mazda CX-5 is the only IIHS Top Safety Pick Plus compact crossover
Mon, Jul 23 2018We've highlighted a number of vehicles tested by the IIHS, and specifically ones that come up just a little short of being lauded with the organization's highest safety rating of Top Safety Pick+. The reason most of these vehicles fall short is sub-par headlights. But this time we have a different story. The 2018 Mazda CX-5 actually snagged the coveted award, and impressively, it's the only small crossover SUV the organization has tested to earn it. The reason of course hinges on headlight performance. In order for a vehicle to get the award, it has to have headlights available that score a "Good" rating, in addition to having stellar crash tests. The award for good lighting and the Top Safety Pick+ only goes to the CX-5 with the optional adaptive lighting system available on all trims (optional on the base Sport). The standard headlights on the Sport model earned the second-highest rating of "Acceptable." The CX-5 also earned a "Good" rating in every crash test, including both small-overlap tests. It earned 5 out of 6 points in forward collision prevention, netting a "Superior" rating. There are many safe options in the small SUV category besides the CX-5, though. The Honda CR-V, Hyundai Tucson, Kia Sportage, Mazda's own CX-3, and Mitsubishi Outlander match the CX-5's straight-"Good" crash test ratings. They all also pick up an additional forward collision point in the collision warning category. The best headlights any of them can offer, though, are just "Acceptable," and the standard headlights can be even worse with "Marginal" or "Poor" ratings. Related Video: Featured Gallery 2017 Mazda CX-5: First Drive View 25 Photos News Source: IIHS, MazdaImage Credit: Mazda Mazda Safety Crossover SUV consumer mazda cx-5
FCA's European boss quits after losing out as Marchionne's replacement
Mon, Jul 23 2018MILAN Fiat Chrysler's European boss has quit, adding to the problems facing new CEO Mike Manley, who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars. Jeep division head Manley was named on Saturday to succeed Chief Executive Sergio Marchionne, one of the auto industry's most tenacious and respected leaders, who fell seriously ill after suffering complications following surgery. It emerged on Monday that Alfredo Altavilla, head of Fiat Chrysler's business in the Europe, Middle East Africa had resigned, according to a source with knowledge of the matter. He had been a rival for the top job along with Manley and Chief Financial Officer Richard Palmer. It's another complication to new CEO Manley's task of executing his predecessor's plan to keep the world's seventh-largest carmaker competitive in the absence of a merger. Marchionne had been due to step down next April, so the market reaction was limited on Monday. The shares initially fell more than 5 percent, but then pared some losses and were down 2.4 percent by 0930 GMT. "The downside may be modest, at least in the next 12 months. But long-term concerns will build Β Marchionne ran FCA in a command and control style, with constant firefighting measures," said Bernstein analyst Max Warburton. Fiat Chrysler Automobiles (FCA) said British-born Manley would pursue the strategy that Marchionne outlined last month. FCA has pledged to increase production of sport utility vehicles and invest in electric and hybrid cars to double operating profit by 2022. It also unveiled bold targets for Jeep, which has become FCA's ticket to creating a high-margin brand with global appeal. Reviving struggling brands Analysts said that choosing Manley, 54, under whose watch Jeep's sales surged fourfold, sent a clear message that FCA was staying on course and would keep the Jeep brand at the heart of its growth plan. "Manley knows that his primary focus is on execution and that, already, he has a strategy into which his team has bought," said George Galliers, an analyst at Evercore ISI. "There is no reason the 2022 plan cannot be executed." Under Manley, the company is expected to sharpen its focus on revamping individual brands, including ailing Fiat in Europe, Chrysler in the United States and Alfa Romeo, which has yet to turn a profit despite multibillion-euro investments.
Fiat Chrysler's Marchionne being treated in Zurich
Mon, Jul 23 2018ZURICH Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery. A Fiat Chrysler spokesman confirmed Marchionne was in Zurich's University Hospital, one of Switzerland's largest medical centers. The FCA spokesman did not give the 66-year-old Italian-Canadian executive's condition or say in which of the hospital's 43 divisions he was being treated. Italian news outlets said he has been in a coma since Friday, is breathing with the help of a ventilator, and that attempts to have him breath on his own were unsuccessful. Fiat Chrysler named its Jeep division boss Mike Manley on Saturday to take over immediately from Marchionne, who had been due to step down next April. SGS, the Swiss logistics services company, also announced on Sunday that it had named a new acting chairman to take over for Marchionne, since his illness prevented him from fulfilling the role's obligations. SGS said in a statement it was "deeply saddened" by the news, as did Lausanne, Switzerland-based Philip Morris International, where Marchionne is also on the board. Marchionne was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker's wheel in 2004. On Saturday he was also replaced as chairman and CEO of Ferrari and chairman of tractor maker CNH Industrial Β both spun off from FCA in recent years. In additional management changes linked to Marchionne's illness, Ferrari named FCA Chairman and Agnelli family scion John Elkann as new chairman and Louis Camilleri becomes chief executive. Reporting by John Miller in ZurichRelated Video: Image Credit: Reuters Chrysler Ferrari Fiat US
Lewis Hamilton retakes F1 lead with 'miracle' victory in Germany
Mon, Jul 23 2018HOCKENHEIM, Germany Lewis Hamilton raced from 14th to first to seize a "miracle" German Grand Prix victory in a Mercedes one-two on Sunday and retake the Formula One championship lead from Ferrari's Sebastian Vettel, who crashed. Vettel, now 17 points behind the Briton after starting eight ahead, led his home race from pole position until rain caused chaos in the closing laps, with the German sliding off and into the barriers. Hamilton, the reigning world champion, took the chequered flag for a record-equalling fourth German Grand Prix win, ahead of his Finnish team mate Valtteri Bottas and Ferrari's Kimi Raikkonen. "I've never had a race like this," said the four-times champion, who was summoned to stewards after the race for a pitlane infringement but escaped with a reprimand and the victory intact. "Today I feel like I drove the best that I can remember driving. I didn't make any mistakes." It was the 66th win of his F1 career, and Mercedes' 80th, and minutes after the finish, the skies opened with an array of thunder and lightning and a torrential downpour that would have stopped any race. "Miracles do happen, mate," Hamilton's race engineer Pete Bonnington told him over the radio after a slow-burner that turned into one of the great comebacks of the Briton's already stellar career. Hamilton, who threw himself across the pitlane wall into the arms of his mechanics and also got a bear-hug from delighted Mercedes-Benz boss Dieter Zetsche, seemed about as stunned as anyone. "I really feel that the rain has come down and just washed away any negativity and its a glorious day," Hamilton said, his voice wobbling. "It couldn't have been a better day for me and one that I will always remember." FERRARI NIGHTMARE Beaten by Vettel in his home British Grand Prix at Silverstone two weeks ago, where he went from pole to the back of the field and up to second, he had turned the tables completely. "Love conquers all," declared Hamilton, who had reacted defiantly on Instagram to the booing and hostility from a partisan crowd after his car broke down in Saturday's qualifying. "It's obviously very, very difficult from that position and highly unlikely but you've always got to believe," added the four-times champion, who said a long prayer before the race started. "I really manifested my dream today." For Vettel, it was simply a nightmare Β the chance to make big gains slipping through his hands in an instant. He now has 171 points to Hamilton's 188.
