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Share price falls on skepticism of Chrysler-Fiat five-year plan

Following this week's Fiat Chrysler extravaganza, where the Italian-American manufacturer announced its plans for the next five years, the Autoblog staff was cautiously optimistic of the company's future. Investors? Not so much.
Fiat saw its shares tumble 12 percent in Wednesday's trading, falling from 8.67 euros ($12.06 at today's rates) to 7.44 euros ($10.35) as of this writing, with blame partly going to the Italian half of the FCA marriage, which recorded a pretty significant drop in profits during the first quarter of this year.
The plan, which will cost around $77 billion over the next several years, is facing criticism from investors thanks in part to a 1.4-percent drop in Fiat's first-quarter profits, to 622 million euros ($862 million). That figure is also short of Bloomberg analysts' projections, which predicted $1.18 billion in profits before taxes, interest and one-time items.

Maserati Grecale and Alfa Romeo Tonale delayed

MILAN — Maserati on Monday delayed the launch of its new Grecale SUV until the spring of 2022 from November this year due to a global chip shortage. The announcement by the luxury brand, part of Stellantis, comes as a shortage of semiconductors forces automakers around the world to slow or suspend production. Maserati said its decision stemmed from ongoing disruptions in the supply of parts. "In particular, due to a scarcity of semiconductors, production volumes would not adequately meet expected global demand," Maserati said in a statement. A global premiere for the Grecale, which will be produced in Cassino in central Italy, was initially scheduled for Nov. 16. Stellantis this month also confirmed it would present the Tonale, the new Alfa Romeo SUV, next March after it had been expected at the end of this year. Stellantis, formed this year though the merger of Fiat Chrysler and France's PSA, has halted production at several plants, including in Europe and Canada, due to the chip shortage. It has forecast it will produce 1.4 million fewer vehicles this year. The FIM-CISL union has said the impact of a semiconductor shortage on Stellantis' Italian production this year will be worse and longer-lasting than the damage to output caused by the COVID-19 pandemic in 2020. Related video:

Maserati Ghibli revealed ahead of Shanghai debut

We knew it was coming, and here it is: the 2014 Maserati Ghibli. Maserati's plan of selling 50,000 cars per year by 2015 starts with the Ghibli, which will be positioned in a more volume-friendly market against the Mercedes-Benz E-Class and BMW 5 Series. The Ghibli will make its official debut later this month at the Shanghai Motor Show.
Although our first look at Maseati's newest sedan is limited to just three images, we can see that the car will have a sportier exterior design than its bigger brother, the Quattroporte, to go with an equally luxurious interior. Under its long, sleek hood, Maserati has confirmed that the Ghibli will utilize a pair of 3.0-liter turbocharged V6 engines - one gas and one diesel - both mated to eight-speed automatic transmissions. A rear-wheel-drive configuration will be standard, and the Italian automaker's new Q4 all-wheel-drive system will be available.
Scroll down for the brief teaser press release.