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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-1 sports car: How it happened

Editor's note: The inner sanctum of an automaker's design studio is as classified as a top-secret government spy shop. Even many top executives aren't allowed inside, much less civilians or the media. But after months of negotiations, Toyota Motor Corp.

Chrysler drops Electric Cars

The Lotus-based Dodge Circuit Electric Car - will not be made Over the last year or two Chrysler has banged on about their plans to release a raft of electric cars. In fact, they even used their electric car plans as part of the pitch for bailout funds from the US Government. They said they were developing three electric cars and they would be on sale by 2010.