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Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) - Fiat Chrysler (FCA) has not received any offer for the company nor is the world's seventh-largest carmaker working on any "big deal", Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company's business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: "No." The company's share price jumped to record highs last month after reports of interest for the group or some of its brands from China. China's Great Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker. The stock move was also helped by expectations that the company might separate from some of its units. Marchionne reiterated on Saturday that FCA was working on a plan to "purify" its portfolio and that units, such as the components businesses, would be separated from the group. He hopes to complete that process by the end of 2018. "There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things," he told journalists. Asked whether an announcement could come this year, Marchionne said it was up to the board to decide and that it would next meet at the end of September. He said the time was not right for a spin-off of luxury brand Maserati and premium Alfa Romeo and the two brands needed to become self-sustainable entities first and "have the muscle to stand on their feet, make sufficient cash". "The way we see it now, it's almost impossible, if not impossible, to see a spin-off of Alfa Romeo/Maserati, these are two entities that are immature and in a development phase," he said. "It's the wrong moment, we are not in a condition to do it." He said the concept of separating the two brands from FCA's mass market business made sense and did not rule out this happening in future, but not under his tenure, which lasts until April 2019. "If there is an opportunity in future, it would certainly happen after I'm gone. It won't happen while Marchionne is around," he said.

Driving the GMC Hummer EV and Mercedes-Benz EQS, EQE, EQS SUV | Autoblog Podcast #750

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. This week, they talk about driving Mercedes' fleet of EQ electric vehicles, including the EQE Sedan, the AMG EQS Sedan and the EQS SUV. They also talk about piloting the Acura NSX Type S. Next, they discuss the reveal of the 2024 Maserati GranTurismo, including the all-electric Folgore trim, as well as the Ferrari SP51 roadster. Finally, they talk about some of the best (including some unusual) car features for kids. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #750 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2022 Hummer EV Edition 1 2023 Mercedes-Benz EQE Sedan 2022 Mercedes-AMG EQS 2023 Mercedes-Benz EQS SUV 2022 Acura NSX Type S 2024 Maserati GranTurismo revealed, twin-turbo V6 or 750-hp EV Ferrari SP51 is a V12 roadster with gorgeous paint based on the 812 GTS Spider Best car features for kids and family life Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video:

Maserati switching to in-house twin-turbo V6 and turbo four

Automotive News has been able to put some output figures to the two primary engines that will power Maserati's renaissance. Last year the Italian luxury brand sent notice that it would terminate its deal to with Ferrari to use the Maranello-sourced F160 3.0-liter twin-turbo V6 and F154 3.8-liter twin-turbo V8. As new Maserati models appear and current models are overhauled, the brand will begin installing either Maserati's own 3.0-liter twin-turbo V6, or an FCA-sourced 2.0-liter turbocharged four-cylinder. The V6 will greet the world from the middle of the MC20 supercar poised for debut in September, assuming nothing goes worse with the world than it already has. Rumor from Mopar Insiders and Allpar forums is that Maserati began building its V6 based on Alfa Romeo's 690T V6. Alfa Romeo puts the 690T in the Stelvio and Giulia Quadrifoglio, the engine's development having started seven years ago with Ferrari's F154 V8 as its heart. Tuned for speed, peak output could reach 542 horsepower. After making its home in the racy coupe, the V6 will also serve a new midsize Maserati crossover coming next year, as well as the next GranTurismo coupe and GranCabrio convertible. In the crossover, power is apparently limited to no more than 523 horses. In Maserati's new V6, one piece of technology that permits such high output and emissions friendliness is turbulent jet ignition (TJI). German supplier Mahle has been developing the technology for at least 10 years, and put it to use in Ferrari's Formula 1 engine about five years ago, after which Japan's Super GT manufacturers picked it up. Instead of a spark plug igniting fuel directly in the combustion chamber, TJI places the spark plug and an injector nozzle at the top of a "jet ignition pre-chamber assembly." The injector shoots a mist of gasoline into the pre-chamber, the spark plug fires, and the force of ignition in the pre-chamber sprays the combustion through tiny holes at the bottom of the pre-chamber into the cylinder as the piston rises. Mahle says the shorter burn and improved combustion spread means cleaner-burning gas engines that emit fewer emissions.   AN says that the "new V-6 engine will be 'electrified' in some form." It's not clear if that means all versions of the V6 will get some sort of hybrid assistance, or if — as had been thought — there will be a non-hybrid unit.