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Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?

Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.

Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

Changes coming to LA Auto Show

The toughest opponent for the Greater Los Angeles Auto Show has never been the weather, which is always perfect, nor the location, in car-crazed Southern California. It's been the calendar. After decades of being run on the exact same dates as the larger and more globally recognized Detroit auto show, LA finally stepped out of the shadow of the Motor City several years ago and grabbed its own spotlight -- in November.