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Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.

Lotus Exige S Type 72 celebrates F1 return

The new Lotus Exige S Type 72 Lotus is back in Formula One for the first time since the early nineties and to celebrate they’ve announced a new car. But don’t get too excited, it’s not the new Lotus Esprit or even the Lotus Evora Convertible. It’s yet another Lotus Exige, this time the Lotus Exige S Type 72.

Smart Forspeed concept signals new design direction

Smart will unveil a new concept at the forthcoming Geneva motor show that signals a new design direction, hints at future product and confirms parent company Daimler's renewed commitment to the brand. Car Design News was granted early access to the concept, baptized Forspeed, at a secret photography studio in Stuttgart last week and heard the head of advanced design, Steffen Kohl, explain how the two-seat, electric-powered vehicle prefaces design themes in both the next Fortwo and the revived Forfour, which will be launched in 2014. "The fullness of this concept's exterior surfaces is important and will be reflected in future production models," said Kohl, "Smart will still be short, spacey, agile, and with wheels at the corners of the car, but with an added sporty and emotional design and without losing all the brand's iconic elements like its ‘plastic fantastic' aspect and the safe and hi-tech modular tridion shell assembled with all these changeable body parts.