Stellantis
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On Monday, Stellantis and Samsung announced they had signed a memorandum of understanding to build a second battery manufacturing plant in the US via their joint partnership firm, StarPlus Energy. Their first facility is under construction in Kokomo, Indiana. Targeted for production start in the first quarter of 2025, the plant was initially planned to have a production capacity of 23 gigawatt-hours, later to increase to 33 gigawatt-hours as demand rises. However, the partners are bypassing the initial 23 GWh phase and are building out to the full 33 GWh capacity now. The plant is expected to be further expanded in the future to meet demand. The Kokomo plant is expec…
Last reply by David, -
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Today Stellantis CEO Carlos Tavares asked people to join him in embracing a new mindset. Expand one's vision, breaking the limits and seek to transform all facets of one's mobility for the betterment of families, communities and the overall society in which we live and operate. Stellantis will be an industry champion in climate change mitigation with a reduction of carbon create by 50% by 2030 and becoming net zero carbon emission by 2038. Leadership at Stellantis have committed to having 100% of European sales and 50% of United State sales to be battery electric vehicles (BEVs) by 2030. This will be done by having more than 75 BEVs and global annual BEV sales of…
Last reply by David, -
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Let get to the meat and potatoes of this big day and post in their bullet list of what Stellantis is going to do: Plans to invest more than €30 billion through 2025 in electrification and software, while continuing to be the automotive efficiency frontrunner, with investment efficiency 30 percent better than industry average Targeting over 70 percent of sales in Europe and over 40 percent in the United States to be low emission vehicle (LEV) by 2030 All 14 brands committed to offering best-in-class fully electrified solutions Delivering BEVs that meet demands of customers, with ranges of 500-800 km/300-500 miles and c…
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William Maley Staff Writer - CheersandGears.com October 29, 2013 Fiat has become the sole owner of VM Motori after paying General Motors 34.1 million Euros ($47.1 million) to buy out its stake in the company. A Chrysler spokesman tells Automotive News that the transaction was completed yesterday. VM Motori currently supplies diesel engines for the Jeep Grand Cherokee and Ram 1500. VM Motori manufactures approximately 90,000 engines per year for automotive, marine, industrial and other uses. The company employs around 1,150 people. Chrysler executives have said they'll be watching how consumers react to the new diesels and make decision on whether to expand diesels t…
Last reply by David, -
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William Maley Staff Writer - CheersandGears.com October 31, 2012 Bloomberg is reporting that earlier this month, Fiat CEO Sergio Marchionne sat down with PSA-Peugeot/Citroen GM earlier this month about creating an alliance that would become the largest automaker in the region. Marchionne's proposal was to have the three companies form an alliance in exchange for stock. Marchionne also had another proposal on the table where Fiat would take Opel off GM's hands if the company was given between $5 to $7 billion in cash for restructuring costs. PSA-Peugeot/Citroen passed on the alliance because it favors its partnership with GM. Also, if PSA-Peugeot/Citroen went ahead wi…
Last reply by Drew Dowdell, -
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PSA revives India factory plan Automotive News Europe -- December 17, 2010 12:01 CET PARIS (Bloomberg) -- PSA/Peugeot-Citroen SA will revive plans to build a factory in India, CEO Philippe Varin said. Planning has entered “an active phase” under Gregoire Olivier, PSA's new Asia chief who took over in September, Varin said on Thursday in Paris. “We will probably have something to say in January or February.” Rising disposable incomes are boosting demand for cars in India, the world's third-fastest growing major economy. Competition is intensifying as automakers including Toyota Motor Corp., Volkswagen AG and Renault SA invest to expand in the market. VW, bought a s…
Last reply by David, -
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Laura Soave, the head of the Fiat in North America, is leaving the company. Soave oversaw the return of Fiat in North America with 500. However flagging sales, slow dealer network expansion and marketing disasters (see Jeniffer Lopez ads) have cause Soave to leave. Through October, Fiat has only sold 15,826 500s. A far cry from the 50,000 500s goal for 2011. The news is made even worse when Automotive News reports that 29 out of the 150 Fiat dealers didn't sell one 500 last month. Soave's replacement is Timothy Kuniskis. Kuniskis previous position was Director of Product Marketing for Chrysler and Fiat. Source: Automotive News (Subscription Required) Press Rele…
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Fiat Gives Green Light To High Performance 4-Cylinder For Alfa William Maley - Editor/Reporter - CheersandGears.com October 3, 2011 Fiat has given the go ahead to a new 1.8L four-cylinder engine that will find their way into Alfa Romeos. The engine, which has been in development since 2006 will be equipped with technologies like direct-injection and turbocharging will be able to produce 300 HP. The engine has been also been engineered to be used in transversal and longitudinal applications and meet Tier 2 Bin 5 regulations for the US. “This is an extremely important step for Alfa Romeo, as we continue to reposition our brand and prepare it for global di…
Last reply by William Maley, -
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FIAT INKS DEAL WITH UNIONS TO PRODUCE PANDA IN ITALY By Drew Johnson Fiat has reached a deal with its unions that will see the company’s Panda small car built in Italy. The news comes just weeks after Fiat reached an agreement with the union that staff’s its Mirafiori, Italy plant. Per the terms of the deal, Fiat will hire 5,600 new workers to staff Pomigliano, Italy factory next month. The deal also includes a $920 million factory investment from Fiat. “This shows that there are two types of labor unions, one that carries out strikes and another that negotiates agreements,” Roberto Di Maulo, head of the Fismic union, said in the statement. Fiat CEO Sergio Marchionne…
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Union calls for strike against Fiat in Italy Associated Press / Associated Press Milan— A metalworkers union on Wednesday called for a strike at Fiat's Italian plants to protest new agreements with other unions. The FIOM union is opposing agreements between Fiat and other unions introducing more flexible work rules, saying the deals in effect kill the system of national contracts. FIOM is calling for an eight-hour strike Jan. 28. Fiat signed a deal with other unions on Wednesday, finalizing new work conditions at the Pomigliano plant outside Naples. The deal clears the way for $700 million in investments to move production of the new Panda from Poland to Italy. The a…
Last reply by NINETY EIGHT REGENCY, -
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Fiat, unions reach final accord over Pomigliano car factory Dan Liefgreen / Bloomberg News Fiat SpA and unions reached a final accord for a car plant in Pomigliano, Italy, clearing the way for investments at the site that will produce Panda models, labor officials said. The Fismic, Fim, Uilm, Uglm and Associazione Quadri unions signed agreements that will allow 5,600 employees to be hired in January at the factory near Naples, Fismic said in an e-mailed statement today. "This shows that there are two types of labor unions, one that carries out strikes and another that negotiates agreements," Roberto Di Maulo, head of the Fismic union, said in the statement. A Fiat sp…
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Classic Flashback: The Ferrari-Powered 1986 Lancia Thema 8.32 TUESDAY, DECEMBER 21, 2010 All the talk about the Fiat Group's plans to re-badge the redesigned 2011 Chrysler 300 (see our high-res gallery here) and re-brand it as the Lancia Thema in Europe, brought to mind the original Thema of the mid-1980s and -1990s, and especially, the Ferrari V8-powered 8.32 model. Introduced at the 1984 Turin Motor Show, the Thema was Lancia's flagship sedan, sharing the "Type Four" platform with the Fiat Croma, Alfa Romeo 164 and the Saab 9000. Shaped by the hands of Giorgetto Giugiaro, the boxy sedan model featured a 0.32 drag coefficient, which was an impressive figure at the…
Last reply by ZL-1, -
Lancia's 2011 New Year Greeting Card Teases 2012 Ypsilon, Announces Two More New Models FRIDAY, DECEMBER 17, 2010 In a surprise move, Lancia literally outlined its forthcoming 2012 Ypsilon supermini through an animated New Year's greeting card posted on a special minisite. And if that's not enough news for you, the chalk-like drawings were accompanied by a teaser message that reads, "A new horizon, three new Lancia models". The Italian firm did not elaborate on what these models are, however, we beleive that aside from the five-door Ypsilon, which is scheduled to arrive in European dealerships next summer, the other two vehicles will be based on Chrysler models. In p…
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Fiat pushing natural gas engine Tommaso Ebhardt and Tim Higgins / Bloomberg News Milan, Italy— As Sergio Marchionne brings back Fiat to the United States after nearly three decades, he may add another Italian spaciality: the natural gas engine. Marchionne, who is chief executive officer of Fiat and Chrysler Group, says natural gas engines offer a better way to cut emissions because they're cheaper than competing technologies. He also argues electric cars, which General Motors and Toyota are betting on, present "too many obstacles" such as the recharge time for batteries. "Natural gas is very suitable for the U.S.," Constantinos Vafidis, who oversees transmission and h…
Last reply by NINETY EIGHT REGENCY, -
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Fiat in talks to build second factory in Brazil December 10, 2010 06:01 CET SAO PAULO (Reuters) -- Fiat S.p.A. is in talks with the government of Brazil's state of Pernambuco to open a second car factory in Brazil, a source close to the state government told Reuters. The company is seeking to build the factory in the industrial complex of the port of Suape, the source said, speaking on condition of anonymity. The negotiations come as Fiat's Brazilian factory is operating nearly at full capacity to meet booming auto demand and as other automakers such as Toyota and Hyundai are also planning investments in factories in Brazil. A formal announcement about the deal is ex…
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Lancia to unveil Chrysler-based flagship, new Ypsilon Lancia's version of the new Chrysler 300, pictured, likely will be called the Thema. About 80 percent of Thema sales are expected to be a model with a 3.0-liter diesel engine. Luca Ciferri Automotive News Europe -- December 13, 2010 06:01 CET TURIN – Lancia's Chrysler-based flagship likely will be called the Thema, company sources said. The sedan will debut alongside a new version of Lancia's best-selling model, the Ypsilon, at the Geneva auto show in March. The Ypsilon is key to Fiat CEO Sergio Marchionne's plan to nearly triple Lancia sales in the next four years. The Lancia flagship will be a rebadged version…
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New Lancia Stratos in Rally Car Guise and More. Could be Built in Limited Numbers if there's Interest [with Video] MONDAY, DECEMBER 13, 2010 The New Lancia Stratos has completed yet another step of its lengthy unveiling process. This time we have information about the official presentation, which took place on November 29-30, at the Paul Ricard Circuit in Le Castellet, France. There, a select few had the opportunity to see the cabin for the first time, a racecar concept, while they were also informed that the New Stratos could be built in limited production run if there's substantial interest from potential buyers. The New Stratos is the modern-day incarnation of th…
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Beauty and a Beast: New Lancia Stratos runs 0-62 in 3.3 seconds by Noah Joseph (RSS feed) on Dec 7th 2010 at 1:59PM In a perfect world, the fastest cars would be the best looking ones. And to some extent, that's often the case. But not always. For instance the Alfa Romeo 8C Competizione is one of the most jaw-droppingly gorgeous automotive creations ever devised, but by most accounts, its performance fails to live up to its styling. Conversely, cars like the Nissan GT-R and Porsche 911 GT2 RS are some of the most devastatingly fast vehicles ever to grace tarmac, but not everyone's enamored of their sheetmetal. The New Stratos is here to suggest that you may be able t…
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Fiat may not get Mirafiori labor deal before Christmas, Marchionne says Moving production from a plant in Turin to the United States is an option if a labor deal isn't reached, Marchionne said. Photo credit: Reuters December 7, 2010 12:32 CET DETROIT (Bloomberg) -- Fiat S.p.A. may not reach a labor agreement for workers at its Mirafiori factory before Christmas, CEO Sergio Marchionne said. “I've got a couple of plan Bs,” Marchionne said at an event in Michigan on Monday. “I don't mean this as a threat. I have to run the business. I'm not on someone else's clock.” Moving production from the plant in Turin to the United States is an option if an agreement isn't reache…
Last reply by NINETY EIGHT REGENCY, -
New Lancia Stratos: Full Tech Specs and Performance Figures Plus Presentation Video MONDAY, DECEMBER 06, 2010 The PR people behind the New Stratos project continue to slowly reveal additional information about Pininfarina's one-off supercar. This time they released the full tech specs and performance figures. Based on Ferrari F430 Scuderia underpinnings, the retrotastic Stratos packs a considerable punch. It measures 4.1 meters in length and tips the scales at just 1.247 kg (2.749 pounds) with the weight distributed 44% in the front and 56% at the rear. Power-to-weight ratio is 2.3 kg/hp, thanks to the 4.3-liter V8 engine, which churns out 540 hp and over 500 Nm (369 …
Last reply by NINETY EIGHT REGENCY, -
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Fiat, unions suspend talks on relaunch of carmaker's main plant Staff and Wire Reports December 3, 2010 14:16 CET Fiat S.p.A. and unions have suspended talks over a plan to relaunch the group's main carmaking plant in Italy as a joint venture with Chrysler Group. Fiat and Chrysler plan to invest more than 1 billion euros ($1.32 billion) into the Mirafiori factory in Turin to build top-range Alfa Romeo and Jeep SUVs for European and North American sales in exchange for more labor flexibility at the plant. "The conditions are not there to reach an agreement on the relaunch of Mirafiori," a Fiat spokesman said on Friday. Union representatives said unions were split, w…
Last reply by NINETY EIGHT REGENCY, -
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Fiat officially splits into two corporate groups by Noah Joseph (RSS feed) on Dec 1st 2010 at 8:01AM With all the mergers and acquisitions going on in the automotive industry these days, few corporate structures have been as tumultuous as that of Fiat. The Italian group was once very centralized, but recently, it split its divisions into quasi-autonomous subsidiaries, then it stepped in and took the reins at Chrysler, and is now it is splitting itself into two distinct groups. The first is to be known as Fiat SpA, and will encompass the automotive brands, including Alfa Romeo, Lancia, Maserati and, of course, Fiat. The second, Fiat Industrial SpA, will presumably inc…
Last reply by NINETY EIGHT REGENCY, -
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Italian Plant To Build New Alfa Romeo And Jeep SUVs By Viknesh Vijayenthiran Editor November 29th, 2010 2003 Alfa Romeo Kamal ConceptEnlarge PhotoHot on the heels of news that Maserati will be launching a new SUV based on the Jeep Grand Cherokee in 2013 comes confirmation that Alfa Romeo will also get its own Jeep-based SUV, a key model in the Italian brand’s return to the U.S. market. The confirmation comes from the highest source, Fiat-Chrysler CEO Sergio Marchionne. Speaking recently with Bloomberg, Marchionne revealed that Alfa Romeo and Jeep will launch two separate mid-size SUVs based on a common platform. For Jeep, the new model will replace the current Compas…
Last reply by NINETY EIGHT REGENCY, -
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Talks start at Italian Fiat plant By GREG GARDNER Free Press Business Writer Fiat and Chrysler CEO Sergio Marchionne is prepared to invest $1.32 billion in a 73-year-old Turin assembly plant to make a Jeep model and a larger Alfa Romeo car if Italian unions agree to cost-saving concessions. Marchionne and Fiat made the proposal Friday as negotiations begin with unions representing about 5,800 workers at the company's Mirafiori factory in Turin. In July, Marchionne riled union and Italian government officials by deciding to move production of all models now built at Mirafiori to a newer, lower-wage factory in Serbia. Fiat spokesman Richard Gadeselli declined to say w…
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Fiat-Chrysler to build Alfas, Jeeps in Italy; output starts in 2012 Luca Ciferri Automotive News Europe -- November 26, 2010 12:00 CET TURIN -- Fiat S.p.A. and Chrysler Group will build Alfa Romeo and Jeep models for global distribution as part of a new joint-venture company that will take control over Fiat's Mirafiori plant in Turin, Fiat announced today. Fiat-Chrysler will invest more than 1 billion euros (more than $1.3 billion) to retool the factory to produce the mid-sized Giulia sedan and station wagon for Alfa as well as medium-sized SUVs for Alfa and Jeep. Output will start in the third or fourth quarter of 2012, Fiat said adding that half of the production w…
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