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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.

Toyota FT-86 Concept – say ‘hachi roku’

The Toyota FT-86 Concept will preview at Tokyo The FT-86 (hachi roku is Japanese for 86) is a small (13′ 8″ long) rear-wheel drive sports coupe which is going to turn up not just as a Toyota but also as a Subaru. It uses the 2.0 Boxer engine found in the Impreza, but by the time it finds its way to market in 2011 – as both a Toyota and a Subaru – it’s likely to get the next generation Boxer lump. The FT-86 is Toyota’s way of launching itself back in to the sports market – a market it once did well in with cars like the MR2 – and gain some credibility, and custom, from younger drivers.

John Fitch's Phoenix up for auction

John Cooper Fitch -- World War II hero, racer par excellence, safety pioneer, and all-around nice guy -- used to show off his Phoenix at the annual Greenwich Concours d'Elegance in southwestern Connecticut, not terribly far from his 1700s estate in his beloved Lime Rock. The Phoenix was his vision of an American Porsche, a strange mashup of a De Tomaso Pantera with Corvette Stingray. Twin humps on the fenders hid dual spare tires, different sizes for the front and rear.