The Sauber F1 Team enters a multi-year partnership agreement with Alfa Romeo 29 November 2017
We are delighted to announce that we have reached a multi-year technical and commercial partnership agreement with Alfa Romeo. The Italian car manufacturer, which is part of Fiat Chrysler Automobiles (FCA), will be joining the Sauber F1 Team as Title Sponsor from 2018 onwards. By doing so, Alfa Romeo is returning to Formula One after more than 30 years of absence from the sport. The partnership, which includes a strategic, commercial and technological cooperation between Alfa Romeo and the Sauber F1 Team, will enable the exchange of engineering and technical know-how, and provide new opportunities for the two organizations within Formula One and beyond. From 2018, the team will be known as the Alfa Romeo Sauber F1 Team. The 2018 F1 car will bear the Alfa Romeo logo, and will be equipped with the 2018 Ferrari power units.
Sergio Marchionne, CEO, Fiat Chrysler Automobiles: “This agreement with the Sauber F1 Team is a significant step in the reshaping of the Alfa Romeo brand, which will return to Formula 1 after an absence of more than 30 years. A storied marque that has helped make the history of this sport, Alfa Romeo will join other major automakers that participate in Formula 1. The brand itself will also benefit from the sharing of technology and strategic know-how with a partner of the Sauber F1 Team’s undisputed experience. The Alfa Romeo engineers and technicians, who have already demonstrated their capabilities with the newly-launched models, Giulia and Stelvio, will have the opportunity to make that experience available to the Sauber F1 Team. At the same time, Alfa Romeo fans will once again have the opportunity to support an automaker that is determined to begin writing an exciting new chapter in its unique, legendary sporting history.
Pascal Picci, Chairman, Sauber Holding AG: “We are very pleased to welcome Alfa Romeo to the Sauber F1 Team. Alfa Romeo has a long history of success in Grand Prix racing, and we are very proud that this internationally renowned company has chosen to work with us for its return to the pinnacle of motorsport. Working closely with a car manufacturer is a great opportunity for the Sauber Group to further develop its technology and engineering projects. We are confident that together we can bring the Alfa Romeo Sauber F1 Team great success, and look forward to a long and successful partnership.
About Alfa Romeo and Formula One Alfa Romeo took part in Formula One from 1950 until 1988, as both a constructor and engine supplier. Already in its debut years in 1950 and in 1951, Alfa Romeo won the inaugural World Championship of Drivers with Nino Farina and Juan Manuel Fangio. From 1961 until 1979, Alfa Romeo participated as engine supplier for several F1 teams. After returning in 1979 as constructor, Alfa Romeo ranked 6th as best result in the constructors’ championship in 1983. The company withdrew from Formula One in 1985, returning as Title Sponsor of the Sauber F1 Team after a 30-year absence.
About Alfa Romeo and FCA Alfa Romeo is a historic brand of FCA Group. Since its founding in Milan, Italy, in 1910, Alfa Romeo has designed and crafted some of the most stylish and exclusive cars in automotive history. That tradition lives on today as Alfa Romeo continues to take a unique and innovative approach to designing automobiles. In every Alfa Romeo, technology and passion converge to produce a true work of art. Fully reviving Alfa Romeo’s spirit and maximising its global appeal has been one of FCA’s priorities. Following a clear and well-defined strategy, Alfa Romeo is writing a new chapter in its more than century-long history that represents an extraordinary opportunity to realise the brand’s full potential. Today, Alfa Romeo is a true showcase of the Group’s best resources, talent and technological know-how. Alfa Romeo is winning the hearts of a new generation and retaking its rightful position as one of the world’s most desired premium brands. It is, once again, one of the leading symbols of Italian engineering and style, an icon of Italy’s technological excellence and creative spirit.
FCA designs, engineers, manufactures and sells vehicles and related parts and services, components and production systems worldwide through 162 manufacturing facilities, 87 R&D centers, and dealers and distributors in more than 150 countries. In addition to Alfa Romeo, its stable of brands include Abarth, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, Maserati and Mopar, the parts and service brand. The Group’s businesses also include Comau (production systems), Magneti Marelli (components) and Teksid (iron and castings). FCA is listed on the New York Stock Exchange under the symbol “FCAU” and on the Mercato Telematico Azionario under the symbol “FCA”.
Premium Mid-size Sedan Named “Car of the Year” by Top Gear Magazine Starts at $37,995 MSRP & Record-Breaking 505-hp Quadrifoglio at $72,000 MSRP •All-new Giulia lineup combines Italian craftsmanship, class-leading performance, state-of-the-art technology and a passion for driving for the premium mid-size market •Giulia nameplate reflects a 55-year heritage of Alfa Romeo's lightweight, performance sedan tradition and over 105 years of brand history, carving its legend on road courses around the globe •Stunning Italian design and crafted by Alfa Romeo artisans at the Cassino plant in Frosinone, Italy •All Giulia models feature a near perfect 50:50 weight distribution, class-leading power and performance and an eight-speed automatic transmission with available column-mounted paddle shifters with gear shifts in less than 100 milliseconds •Giulia is very well-equipped with standard premium features, including a 280-hp turbocharged and intercooled 2.0L engine delivering 0-60 mph in 5.1 seconds, DNA Mode, leather interior, bi-xenon headlamps, dual exhaust, carbon fiber driveshaft, flat-bottom steering wheel, 7-inch TFT and much more •Giulia Ti (Turismo Internazionale) adds 18-inch aluminum wheels, genuine wood interior accents, heated front seats, heated steering wheel, 8.8-inch widescreen infotainment with SiriusXM and much more •Giulia Ti Sport adds Quadrifoglio-inspired unique front and rear fascias, 19-inch dark 5-hole aluminum wheels, 12-way power high-performance leather seats, aluminum column-mounted paddle shifters, sport steering wheel, genuine aluminum interior accents, gloss-black window trim surround and colored brake calipers •State-of-the-art Q4 all-wheel-drive system available on Giulia and Giulia Ti •Giulia Quadrifoglio features distinct styling and the most powerful engine ever developed in a production Alfa Romeo with an all-new 505-hp 2.9L bi-turbo intercooled V-6, carbon fiber hood, roof and rear spoiler, adaptive performance suspension, DNA Pro with Race Mode, torque vectoring, carbon fiber active aero front splitter, carbon fiber interior accents, 3D Navigation and much more •Giulia and Giulia Ti go on sale in January 2017 with an MSRP of $37,995 and $39,995, respectively •Giulia Quadrifoglio goes on sale this month with an MSRP of $72,000 December 8, 2016 , Auburn Hills, Mich. - Alfa Romeo today announced pricing for the highly anticipated 2017 Alfa Romeo Giulia lineup. “The all-new Giulia is the result of our 105 years of passion for Italian style, craftsmanship and performance,” said Reid Bigland, Head of Alfa Romeo. “Crafted in Italy, the Giulia lineup sets an entirely new benchmark for the segment as the world’s fastest four-door production sedan, featuring class-leading engines, an all-new exclusive architecture, stunning design and state-of-the art technology, available starting from $37,995 MSRP.” Built around the driver, Alfa Romeo Giulia designers focused on simplistic elegance, with an emphasis on incorporating the essential elements for performance. Inside, Giulia’s high level of craftsmanship starts with an asymmetric-styled instrument panel, featuring a driver-focused cockpit crafted with an array of available leathers with accent stitching, plus trim bezels in aluminum, wood or carbon fiber – all for a bespoke look that could only be crafted in Italy. A Formula-1-inspired steering wheel features a thick-rim profile that transmits the chassis’ direct-steering feel and neatly groups the vehicle controls and the engine start button. Behind the steering wheel, the Giulia features a full-color 7-inch thin-film transistor (TFT) instrument cluster straddled by two large white-on-black face analog gauges. Giulia Quadrifoglio stands as the most powerful Alfa Romeo production car ever with its 2.9L bi-turbo V-6 engine producing a class-leading 505 horsepower and 443 lb.-ft. of torque. The Giulia and Giulia Ti models feature an all-new, all-aluminum, 2.0-liter, direct-injection turbo engine with an eight-speed automatic transmission delivering a class-leading, standard 280 hp and 306 lb.-ft. of torque. With its muscular proportions and a pure design ethos of passion, lightness and simplistic elegance clothing its class-leading technical layout with near perfect 50/50 weight balance, the all-new 2017 Giulia exudes stunning and functional Italian style with a finesse of Alfa Romeo heritage, athletically taut lines and sculptural details. 2017 Alfa Romeo Giulia •Manufacturer’s suggested retail price (MSRP) for the 2017 Alfa Romeo Giulia is $37,995 (excluding $995 destination) •Optional Q4 all-wheel-drive (AWD) system available for $2,000 MSRP •Alfa Romeo Giulia features an all-new, all-aluminum, 2.0-liter, direct-injection turbocharged engine that generates a class-leading, standard 280 horsepower and 306 lb.-ft. of torque. Paired with an eight-speed automatic transmission, Giulia launches from 0-60 mph in 5.1 seconds, on the way to a top speed of 149 mph •The all-new, well-equipped Alfa Romeo Giulia comes standard with leather seats, 10-way power front seats including 4-way lumbar, bi-xenon headlamps with signature LED daytime running lights and LED tail lamps, dual exhaust, back-up camera with dynamic gridlines and rear park sensors, bright chrome window trim surround, remote proximity sensor with push button start, remote start, 7-inch full-color TFT display and much, much more •Available Sport Exterior Package ($1,250 MSRP) adds unique front and rear fascias, 18-inch aluminum sport wheels, gloss black window trim surround and colored brake calipers 2017 Alfa Romeo Giulia Ti •MSRP for the 2017 Alfa Romeo Giulia Ti model is $39,995 (excluding $995 destination) •Optional Q4 AWD system available for $2,000 MSRP •In addition to the expansive list of standard features in the all-new Giulia, Giulia Ti adds even more luxury and convenience offerings, including standard 18-inch wheels, genuine wood interior accents, an 8.8-inch widescreen infotainment display, SiriusXM, heated steering wheel, heated front seats and more •Available Ti Sport and Ti Lusso packages (priced at $2,250 MSRP each) provide drivers with two unique offerings that further accentuate the bold characteristics of Giulia Ti •Ti Sport adds unique front and rear sport fascias, 19-inch dark 5-hole aluminum wheels, gloss black window trim surround, colored brake calipers, 14-way front power sport leather seats, including 4-way lumbar and power side bolsters, along with manual thigh extenders, sport leather steering wheel and aluminum column-mounted paddle shifters •Ti Lusso includes Luxury Pieno Fiore Italian leather seats with cannelloni inserts, 12-way power front seats including 4-way lumbar, leather-wrapped dash and upper door trim with accent stitching, genuine wood trim in dark grey oak or light walnut, luxury steering wheel and more •Ti Performance Package adds an adaptive performance suspension, mechanical limited slip differential and aluminum column-mounted paddle shifters 2017 Alfa Romeo Giulia Quadrifoglio •MSRP for the 2017 Alfa Romeo Giulia Quadrifoglio model is $72,000 (excluding $1,595 destination) •Includes the iconic hand-painted Quadrifoglio (four-leaf clover) badge that is symbolic of legendary Alfa Romeo race cars and high-performance production cars •As the “halo” model in the lineup, Giulia Quadrifoglio highlights Alfa Romeo’s motorsport knowhow with an all-new, best-in-class, 505-horsepower, 2.9-liter bi-turbo V-6 engine that earns the title of the most powerful Alfa Romeo production car engine ever and the quickest with a class-leading 0-60 mph time of 3.8 seconds, plus it enabled a record-setting 7:32 Nürburgring lap time – the fastest ever by a four-door production sedan •Giulia Quadrifoglio also includes unique exterior styling, carbon fiber hood, roof, rear spoiler and side sill insert, carbon fiber active aero front splitter, DNA Pro with Race Mode and adjustable performance suspension, 19-inch aluminum wheels with Brembo brakes, high-performance leather seats with 14-way power front seats including 4-way lumbar, leather-wrapped dash and doors with accent stitching, carbon fiber interior trim and much more All three Giulia models offer: •Near perfect 50/50 weight distribution, segment-leading torsional rigidity and the most direct steering ratio on the market, thanks to Giulia’s all-new, rear-wheel-drive Giorgio architecture •Unique Italian style and craftsmanship to the premium mid-size sedan segment •A 55-year heritage of Giulia’s lightweight, performance sedan tradition and more than 105 years of brand history, carving its legend on road courses around the globe Global recognition Since its reveal, the Alfa Romeo Giulia has captured several third-party accolades, including: •Top Gear Magazine: Giulia Quadrifoglio named ‘Car of the Year’ •The Car Connection: Giulia named “2017 Driver’s Choice Award for Best New Luxury Car” •Hispanic Motor Press: Giulia Named 2017 Auto del Año© (Car of the Year) in Mid-size Sedan Segment •Auto Bild and Bild am Sonntag: Giulia named the most beautiful car of 2016 as it wins “Golden Steering Wheel” •Italian Union of Motoring Journalists: Giulia wins “Auto Europa 2017” award •2016 Miami International Auto Show: Quadrifoglio named “Star of the Show” Giulia and Giulia Ti models The 2017 Alfa Romeo Giulia and Giulia Ti have entered the market to continue a 55-year nameplate heritage of high-performance sport sedans. The Giulia Ti honors the historic Turismo Internazionale sport sedan racing class, which was dominated by Alfa Romeo in decades past. Today, the all-new Giulia and Giulia Ti are the resulting product of over 105 years of Alfa Romeo history, innovation and experience, all combined to deliver a class-leading driving machine with unmistakable Italian style. The all-new 2017 Alfa Romeo Giulia and Giulia Ti radiate this Italian style, craftsmanship and performance through a comprehensive list of standard features, which include an all-new, all-aluminum 2.0-liter direct injection turbocharged and intercooled engine delivering a class-leading standard 280 horsepower and 306 lb. ft. of torque, DNA Mode featuring Dynamic, Natural and Advanced Efficiency modes, 8-speed automatic transmission, class-exclusive carbon fiber driveshaft, dual exhaust with bright tips, 4-wheel disc brakes with ABS, Electronic Stability Control and eight airbags. Additional standard features include bi-xenon headlamps with LED daytime running lights, LED tail lights, bright chrome window trim surround, keyless entry with proximity sensor, remote start and 17-inch aluminum wheels. On the inside, Giulia features standard leather seating, 10-way power front seats including 4-way lumbar, driver memory system, piano black accent trim, flat-bottom leather-wrapped steering wheel with integrated F1-inspired push button start, ambient lighting, 7-inch TFT, 6.5-inch infotainment system with rotary controller, rear back-up camera with dynamic grid lines and rear park sensors, 8-speaker audio system, dual zone automatic climate control and more. In addition to the expansive list of standard features in the all-new Giulia, Giulia Ti adds even more luxury and convenience offerings, including standard 18-inch wheels, genuine wood interior accents, an 8.8-inch widescreen infotainment display along with heated steering wheel and heated front seats, while available Sport and Lusso packages further add to the performance and style of Giulia Ti. When equipped with optional Q4 AWD system, Giulia and Giulia Ti models deliver even more all-season traction and performance capability thanks to the system’s ability to transfer up to 60 percent of the 2.0-liter direct-injection all-aluminum turbo engine’s torque to the front axle. Giulia Ti also offers drivers three key packages, providing drivers a unique collection of available features that further accentuate the bold Alfa Romeo characteristics: •Ti Sport adds unique front and rear sport fascias, 19-inch dark 5-hole aluminum wheels, gloss black window trim surround, colored brake calipers, 14-way front power sport leather seats, including 4-way lumbar and power side bolsters, along with manual thigh extenders, sport leather steering wheel, aluminum column-mounted paddle shifters •Ti Lusso includes Luxury Pieno Fiore Italian leather seats with cannelloni inserts, 12-way power front seats including 4-way lumbar, leather-wrapped dash and upper door trim with accent stitching, genuine wood trim in dark grey oak or light walnut, luxury steering wheel and more •Ti Performance Package adds an adaptive performance suspension, mechanical limited slip differential and aluminum column-mounted paddle shifters Giulia Quadrifoglio Bearing the iconic Quadrifoglio badge, the all-new Giulia Quadrifoglio embodies the essence of Alfa Romeo’s motorsport legacy. The beating heart of this ultra-high-performance sedan is an all-aluminum direct-injection 2.9-liter bi-turbo V-6 engine, delivering a best-in-class 505 horsepower, as well as earning the title of the most powerful Alfa Romeo production car engine ever and the quickest with a class-leading 0-60 miles per hour (mph) acceleration in 3.8 seconds. Combined with an 8-speed automatic with column-mounted paddle shifters, which shifts in less than 100 milliseconds, the culmination of these performance attributes is a record-setting time at the Nürburgring of 7:32, making the Giulia the fastest four-door production sedan in the world. The Giulia Quadrifoglio achieves these unprecedented figures with exclusive enhancements for ultimate performance. The carbon fiber hood, roof, rocker panel moldings, rear deck-lid spoiler, and segment-exclusive drive shaft and active aero front splitter combine with aluminum body components for maximum weight savings. The 2.9-liter bi-turbo V-6 supplies its 505 horses to the 19-inch staggered aluminum wheels (19 x 8.5-inch front and 19 x 10-inch rear), wrapped with Pirelli P Zero Corsa three-season high-performance tires, through a torque vectoring differential, for increased performance in every corner and on every straight away. Harnessing the immense power of the Giulia Quadrifoglio is a high-performance brake-by-wire Integrated Brake System with Brembo six-piston front and four-piston rear calipers. Available ultra-high-performance Brembo carbon-ceramic material (CCM) brakes deliver a 50-percent weight reduction while enabling 60-0 mph stopping performance in an impressive 102 feet. The performance of the Giulia Quadrifoglio is foreshadowed by its uniquely elegant, yet aggressive, sense of Italian style. High-performance front and rear fascias exude the Giulia Quadrifoglio’s confidence, backed by over 105 years of Alfa Romeo legacy. Flanking the iconic “Trilobe” grille, bi-xenon headlamps with auto-leveling technology stare in the face of the competition. Sculpted, athletic lines and a powerful stance make the Giulia Quadrifoglio as pleasing to look at as it is to drive. Inside, the Giulia Quadrifoglio includes performance front leather and Alcantara® seats, featuring 14-way power, including 4-way lumbar and power bolsters and front adjustable thigh support. Ultra-lightweight carbon fiber Sparco® racing seats are also available to provide maximum lateral support during extreme cornering. Further interior features include Quadrifoglio-exclusive leather-wrapped steering wheel with column-mounted aluminum paddle shifters, leather-wrapped instrument panel with accent stitching and genuine carbon fiber interior accents. Other advanced technology features unique to the Alfa Romeo Giulia Quadrifoglio include the four-mode Alfa DNA Pro Drive Mode Selector that adds Race mode, Quadrifoglio-tuned adaptive suspension, Quadrifoglio instrument cluster with 200 mph speedometer and engine cylinder deactivation system. Other standard Quadrifoglio features include 3D Navigation, Blind-spot Monitoring and Rear Cross Path detection. Ultra-high performance options further optimize the lightweight design and track-proven capabilities of Giulia Quadrifoglio: •Ultra-lightweight carbon fiber Sparco racing seats provide maximum lateral support during extreme cornering thanks to more aggressive bolstering, and are designed to be the lightest in the segment, while providing comfort for long road trips •Ultra-high-performance Brembo CCM brake system features six-piston front and four-piston rear aluminum monoblock front brake calipers with two-piece 15.4-inch (390 mm) front and 14.2-inch (360 mm) rear CCM rotors. The CCM rotor design delivers a 50-percent weight reduction compared to cast iron discs, further reducing unsprung mass to improve handling, while enabling a 60-0 mph stopping performance in an impressive 102 feet About Alfa Romeo Since its foundation in Milan, Italy, in 1910, Alfa Romeo continues to design and craft some of the most stunning and exclusive cars in automotive history, all while building on a racing heritage that includes some of the most talented and storied drivers and victories. Crafted by Alfa Romeo artisans at the Cassino plant in Italy, the all-new 2018 Stelvio lineup is a testament to Alfa Romeo’s perfect balance of engineering and emotion, creating a premium mid-size SUV for driving enthusiasts that stands out in one of the largest and fastest growing segments in the U.S. Born from the world’s greatest driving road – Stelvio Pass – the all-new 2018 Alfa Romeo Stelvio sets a new benchmark in performance, style and technology in an SUV that could only be Italian. The innovative Q4 all-wheel-drive (AWD) system – standard on all Stelvio models, including the Quadrifoglio, provides additional driving confidence and superior control. Infused with Italian passion, craftsmanship and innovation, the all-new Alfa Romeo Stelvio will conquer the winding road for which it is named. As the first of a new generation of vehicles on an all-new platform, the 2017 Alfa Romeo Giulia and Giulia Ti models embody Alfa Romeo’s La meccanica delle emozioni (the mechanics of emotion) spirit, delivering race-inspired performance with a class-leading 280 horsepower, advanced technologies that include the available Q4 all-wheel-drive system, seductive Italian style and an exhilarating driving experience to the premium mid-size sedan segment. As the “halo” model in the lineup, Giulia Quadrifoglio highlights Alfa Romeo’s motorsport knowhow with a best-in-class, 505-horsepower, 2.9-liter bi-turbo V-6 engine that earns the title of the most powerful Alfa Romeo production car engine ever and the quickest with a class-leading 0-60 mph time of 3.8 seconds, plus it enabled a record-setting Nürburgring lap time of 7:32 – the fastest ever by a four-door production sedan. The handcrafted 2017 Alfa Romeo 4C Coupe represents the purest form of La meccanica delle emozioni, with its race-inspired, mid-engine design and state-of-the-art, Formula 1-inspired carbon fiber monocoque chassis that enables an incredible power-to-weight ratio and with advanced technologies, including the all-aluminum 1750 turbocharged and intercooled engine with direct-injection and dual variable-valve timing, which enables supercar-level performance, including 0-60 mph in 4.1 seconds. Follow Alfa Romeo brand news and video on: Website: www.alfaromeo.com Newsroom: FCA US Media Website Facebook: Alfa Romeo USA Instagram: @alfaromeousa Twitter: @alfaromeousa
Tommaso Ebhardt Automotive News Europe | August 23, 2017 15:04 CET MILAN -- Fiat Chrysler Automobiles is considering options including a plan to spin off the upscale Maserati and Alfa Romeo brands as well as its components operations, said people familiar with the discussions. The moves would focus the automaker on mass-market cars to make Fiat Chrysler more attractive for a potential combination with a competitor, said the people who asked not to be identified because the deliberations are private. The luxury-car operations could be worth as much as 7 billion euros ($8.3 billion), while Magneti Marelli and other parts businesses are valued at up to 5 billion euros, analysts estimate. Under the proposal, Fiat Chrysler intends to keep Jeep to anchor the mass-market car business, which also includes the Dodge and Ram nameplates, the people said. Jeep has attracted interest from China's Great Wall Motor Co., which said on Tuesday that there were "big uncertainties" that it would pursue a transaction. "With Great Wall expressing a clear interest in all or part of Fiat Chrysler, the focus shifts from earnings to breakup value potential," Exane BNP analysts Dominic O'Brien and Stuart Pearson said in a note Wednesday. Discussions among executives are progressing, with several options still under consideration, including just separating one or more of the component units, which also include Teksid and Comau, the people said. A final decision may not be made until early 2018 and the timing of carrying out the transactions remains uncertain, they said. Fiat Chrysler declined to comment. The plan is also meant to unlock value for the Agnelli family and other shareholders as the company continues to underperform peers, the people said. Goldman Sachs Group Inc. estimates that Fiat Chrysler's businesses are worth about 50 billion euros on their own, double the group's current enterprise value of 24.5 billion euros. Fiat shares rose as much as 2.4 percent after the news and were up 1.9 percent at 14:03 CET in Milan trading, valuing the company at 17.5 billion euros. CEO Sergio Marchionne, 65, is preparing his final five-year business plan before he leaves the carmaker in 2019. Separating parts of the group is a familiar tool for the executive. The company spun off truck and tractor maker CNH Industrial NV in 2011 and supercar brand Ferrari in 2016. Combined, the entities now have a market value of $57 billion, compared to about $6 billion in 2004, when Marchionne took charge. Breakup risks A breakup strategy carries sizable risks, and Fiat is evaluating those, the people said. Alfa Romeo is in the early stages of its push to become a global luxury-car brand and still needs billions of euros in investment to develop new models to compete with the likes of the BMW and Mercedes-Benz brands. And neither Maserati nor Alfa Romeo have the allure of the Ferrari marque. To offset these hurdles, Fiat may look to secure a partner for its upscale brands, the people said. The pressure to act is clear. Despite a 34 percent surge this year, Fiat shares are still among the cheapest in the Stoxx 600 Automobiles & Parts index, trading at 4.6 times estimated 12-month earnings compared with the industry average of 7.4 times. Car-parts maker Faurecia, one of Magneti Marelli's competitors, trades at 11.4 times estimated earnings, while BMW is at 7.2 times. A breakup of Fiat would be another step in the billionaire Agnelli family's plan to wean itself from a dependence on the volatile mass-market car business. Under John Elkann, the clan's chief, Fiat's controlling investor has been seeking to diversify its wealth through its holding company Exor, including expanding its interests in real estate and reinsurance. Elkann has said Exor would be prepared to reduce its 24.5 percent stake in Fiat Chrysler in a deal to create a bigger group. Intensifying pressure Marchionne has long been a vocal proponent of consolidation, arguing that the industry wastes money by developing multiple versions of the same technology. Those pressures have only intensified as countries such as the UK and France set a deadline for the end of combustion engines, and self-driving technologies and ride-hailing services threaten to upend the auto industry's traditional business model. The Fiat CEO acknowledged that deeper changes might be coming when he said last month that the automaker will evaluate whether to spin off some of its businesses. The company is pushing to eliminate 4.2 billion euros in debt by the end of next year. "Fiat management has very clearly opened the door for potential separation of some of its businesses," Adam Jonas, an analyst with Morgan Stanley, said in a note.
With three nameplates now making up Alfa Romeo's U.S. lineup, Fiat Chrysler's resurrection of the brand gets more complicated given the global decline in sedan and coupe sales. Larry P. Vellequette Twitter RSS feed Automotive News | September 18, 2017 - 12:01 am EST With three nameplates now making up Alfa Romeo's U.S. lineup, Fiat Chrysler's resurrection of the brand gets more complicated given the global decline in sedan and coupe sales. FCA will present an update of its Alfa Romeo aspirations in 2018. 4C/4C Spider: No changes are planned before 2021 on the low-volume sports coupe. Giulia: Quality issues marred the U.S. launch of the Giulia sedan, but the styling and powertrain have been well-received. It is tough to say when the Giulia will be due for an official freshening because its launch was delayed from 2015 into 2016. Traditional product cycles would put a freshening in 2020. Stelvio: The compact crossover made its debut this year and isn't due to be freshened until 2021. Future Product: Fiat, Chrysler timeline Future Product: Fiat, Alfa Romeo, Ferrari, Maserati timeline PDF: Alfa Romeo, Chrysler, Dodge, Fiat, Jeep and Ram Future Products Future Product Pipeline Large sedan: Alfa Romeo has delayed its plans for a new flagship sedan, a longer and larger version of the Giulia, to rival the Audi A6 and BMW 5 series until the end of its plan in 2021. Midsize coupe: This Giulia derivative is set to compete with the BMW 4-series coupe and the Audi A5 and should arrive in late 2018. Large crossover: Alfa Romeo has long planned a larger crossover, mainly for the U.S. and China. The production model will share its underpinnings with the Stelvio and compete with the Audi Q7 and BMW X5. However, when it will appear remains unknown. Compact hatch/sedan and coupe: Alfa Romeo boss Reid Bigland says subcompact hatches such as the MiTo and Giulietta are important in Europe but not in North America or China, where Alfa Romeo plans to get the majority of its volume. He did say, however, that they may be replaced by a subcompact crossover. PRINTED FROM: http://www.autonews.com/apps/pbcs.dll/article?AID=/20170918/OEM04/170919779/&template=print Entire contents © 2017 Crain Communications, Inc.