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FCA's European boss quits after losing out as Marchionne's replacement

MILAN — 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 — 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.

This electric Ferrari 308 GTS would do Magnum PI proud

We've seen Lancias, Alfas, Maseratis, and assorted F1 cars over the years packing Ferrari engine. But seeing a Ferrari running under different power is something else entirely – let alone one packing a fully electric powertrain. Yet that's what one company in Southern California has done with this 1978 Ferrari 308 GTS, swapping out its V8 engine for an array of electric motors and battery packs. Rather than tearing apart a perfectly good Italian sports car, Eric Hutchison of San Diego-based Electric GT found the Magnum PI-spec Prancing Horse for salvage after it had burned out from an unfortunate fuel leak. One man's loss being another's gain, he bought it for $10,000 and, together with his friend Michael Bream at EV West, set about converting it to electric power. The cavallo elettrico produces an impressive 465 horsepower and 330 pound-feet of torque. With three AC51 HPEVS electric motors and 48 batteries installed, the cavallo elettrico produces an impressive 465 horsepower and 330 pound-feet of torque. That's a heck of a lot more than the 2.9-liter V8 in the original 308 ever produced: before later versions introduced fuel injection and four-valve cylinder heads, the 308 packed about 200 horsepower and 181 lb-ft. Not one of the most powerful models ever to leave the factory in Maranello, in other words. To handle the extra muscle, Hutchison, Bream, and company fitted a new clutch, flywheel, pressure plate, and (perhaps the oddest part) a Porsche transaxle, mounted upside down. Though most EVs do away with a conventional transmission, Hutchison points to the original (though ultimately unfulfilled) Tesla Roadster plans and the Formula E setup as evidence of the combo's ideal blend of efficiency and performance. "The massive torque transferring through the transmission engages the driver in a clutch-dropping, gear-pounding Ferrari experience," he said. To offset the added weight of the four dozen 3.3-volt lithium-ion batteries, they stripped out anything they could, and found new homes for many of the jettisoned components through fora like Ferrari Chat, whose members enthusiastically followed the conversion process. The result is a vehicle just 150 pounds heavier than stock that can travel 100 miles on a single charge. That's more than most OEM EVs can go these days, and (arguably) in better style, too. We've been following the project's development for nearly two years now, and took it for a spin on Translogic.

The new Ferrari 812 Superfast has a 789-hp V12, is self-explanatory

You're looking at the replacement for the F12 Berlinetta. Gorgeous, right? While in keeping with the recent styling success of Ferrari cars, this one bucks a trend. Unlike the last three updated models from Maranello – the GTC4 Lusso, California T, and 488 GTB – the 812 Superfast doesn't use turbos. Instead, it continues with a naturally aspirated V12. A bigger, more powerful one. And of course, this front-engine supercar GT will be super fast. The 812's twelve-cylinder displaces 6.5 liters, up from the F12's 6.3. Power stands at a round 800 CV, which translates to 789 horsepower, while torque is up to 530 pound-feet. For reference, the 6.3-liter in the F12 makes 731 hp and 508 lb-ft, while the F12 Tdf's massaged version puts out 769 hp and 520 lb-ft; the LaFerrari's engine made 789 hp, which was boosted further with the addition of an electric motor. So this 6.5-liter is tied for the title of most powerful Ferrari road-car engine, and it makes this the most powerful front-engine Ferrari ever, which is neat. It's supposed to reach 62 mph in 2.9 seconds and reach a top speed of 211 mph. Yep, super fast. Max power is again made at a screaming 8,500 rpm and the torque peaks at 7,000. More displacement means more output, but Ferrari also switched to a higher-pressure fuel system and variable-geometry intakes to squeeze even more out of its big V12. The company's seven-speed dual-clutch transmission gets its own gear ratios to handle the power in this application. One big change is the car's switch from hydraulic to electric power steering. It's the first Ferrari road car to use EPS, and the company assures us just makes things better by working with the other chassis systems, like Side Slip Control. The 812 Superfast also gets the second version of Virtual Short Wheelbase, Ferrari's name for rear-wheel steering. Ferrari says the updated design is supposed to be reminiscent of the 365 GTB4 from 1969. We say it's just plain pretty either way. There are active flaps at the front and some kind of new air bypass at the rear to improve downforce, and which sounds a lot like something out of Formula 1. The launch color seen here is the special Rosso Settanta, which is in celebration of the company's 70th anniversary. The interior has been updated a bit as well, with a reshaped dash top (featuring one fewer air vent) and new controls on the steering wheel.