1997 Mitsubishi Eclipse Spyder Gs Convertible 2-door 2.4l, No Reserve on 2040-cars

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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

Little Red Racing Car Kickstarter project a father/son affair [w/video]

Tales of fathers and sons, whether told for adults or for children, never go out of style. It's appropriate then that The Little Red Racing Car, a story about a father and son finding and restoring a 1955 Maserati 300S, is such a stylish piece of work.
Author Dwight Knowlton first started working on The Little Red Racing Car when, after his son was born, he "went looking for the perfect Father/Son/Car book" and couldn't find one. Knowlton's artwork in has been influenced heavily by vintage automotive advertising and Grand Prix posters, and has a very clean, art deco vibe as a result.
Of course, TLRRC is still just a work in progress. Knowlton is hoping the Kickstarter community will help to get the ball rolling, and raise $25,000 to the book printed and distributed. The author even has a stretch goal to have the whole shebang made into and animated film - we love big dreams. Follow on below to hear Knowlton's pitch in his own words, or jump over to his Kickstarter page to look further or buy-in.

Maserati special editions celebrate the end of the V8 at Goodwood

The Goodwood Festival of Speed is ready to cheer anything with pretensions to velocity, equally respectful to new hooligans trying to seize the day and veterans that have had theirs. Maserati's brought both to the 'sceptered isle, sometimes demonstrated in the same body. The house of the trident will start shutting down V8 production next year, bringing an end to 64 years of eight-cylinder Maseratis going back to the 5000 GT of 1959. The Ghibli 334 Ultima and Levante V8 Ultima special editions commemorate the sunset, both powered by the departing twin-turbo 3.8-liter V8 making 572 horsepower and 538 pound-feet of torque. The sedan gets the "334" designation of its top speed in kilometers per hour, known as 206.3 mph in non-metric lands. That's three miles per hour more than the Ghibli Trofeo's top speed as shown on Maserati's retail U.S. site. Performance and aero updates include a new carbon fiber spoiler, special tires made from a new compound, and 21-inch Orione wheels. The sprint to 62 miles per hour drops from 4.3 seconds to 3.9. The automaker calls this car the "current fastest internal combustion engine sedan in the world," and it's going to climb the Goodwood hill. Each special edition gets 103 examples. Maserati hasn't discussed regional allotments nor how to make a reservation. The rest of the Italian showcase in Lord March's back yard revolves around the new. The GrandTurismo Trofeo with a Nettuno V6 will be there, the 542-hp V6 stepping further out of the shadow of the V8. The battery-electric GranTurismo Folgore takes a bow as well, as does the Grecale Folgore. Artsy types will want a look at the GranTurismo Prisma, a one-off based on the Nettuno-powered GranTurismo Trofeo. Revealed a few months ago, this tips a cap to 75 years of the automaker. Artists hand-painted the body with 14 colors that nod to classic Maserati hues, then hand-painted the names of classic models like the Indy, Mistral, and Amaranto, applying more than 8,500 individual characters. Finally, a GranTurismo Folgore and an MC20 Cielo will join the Ghilbli 334 Ultima making a run up the hill. The MC20 Cielo is returning for a second run after a debut jaunt last year.