ARESE, Italy – If Frank Stephenson fidgets like an expectant father, it’s for good reason. He is one. The 48-year-old style director for Alfa Romeo SpA is anxiously awaiting the birth of the “Baby Alfa,” a Punto-sized Mini-fighter scheduled to arrive in late 2008 or early 2009. The car is one of several products benefiting from an accelerated gestation process being implemented by Alfa’s corporate parent, Fiat Automobiles SpA. Among them are a cross/utility vehicle, designed to compete ...

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