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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

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.

Project Car Hell, Unidentifiable German Coupes Edition: Borgward Isabella Coup

Welcome back to Project Car Hell, where every iron atom always finds the oxygen it seeks, every vehicle ran when parked, and the parts you need are always in another continent! Last week, we got all patriotic with a couple of classic American muscle cars, and that just whetted our appetite for cars that were smaller and more, you know, German. We gave you a tough choice between a couple of air-cooled Volkswagens not long ago, but this time we're interested in German marques that disappeared in the 1960s: NSU and Borgward.