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Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG

Ferrari P80/C one-off built for 330 P3/P4, 1966 Dino 206 S fanatic

For more than four long years, one person has kept a major secret with Ferrari. The company and the client were working on a project that Ferrari calls its "most extreme one-off design ever." Inspired by the 330 P3/P4 and the 1966 Dino 206 S, the P80/C is a new-age take on a track-focused sports prototype. Typically for these types of specialty builds, Ferrari does as they've done in the past and reshapes a new exterior over an existing car from the for-sale lineup. But because it is a track car, Ferrari used the 488 GT3 as a starting point, and made "radical changes" to the equipment from there. It not only has a slightly longer (about two inches) wheelbase than the 488 GTB, but it also has a cab-forward design rather than the 488 GTB's centrally located cabin. Ferrari says this allowed for more creative freedom and played a major part in how the design took shape. Flavio Manzoni and the Ferrari Styling Center set out to make what they described as a "Hero Car." The client's direction was to make a "modern sports prototype" with design cues from the 330 P3/P4 and the 1966 Dino 206 S. These two cars carry significance in Ferrari's design history, as they impressed on the track but also influenced future road cars such as the Dino 206/246 GT. With heavy involvement from the client during the process, Ferrari has been working on this car since 2015, the longest the company has ever spent on developing a one-off. Starting from the ground up, aerodynamics played a major part in the appearance of the P80/C. A gigantic front splitter, which is specific to this car, snuggles the ground and extends beyond the dimensions of the body. Visually, it carries on along the flanks with aero skirts, and circles around the rear with a bulky exaggerated diffuser. The lower kit is left in exposed carbon fiber, creating a two-piece look that's separate from the Rosso Vero body paint. Ferrari says only pieces that were strictly functional were highlighted with bare carbon and that the car has a five percent aerodynamic improvement over the 488 GT3. For the designers, the P80/C was a safe space of opportunity and experimentation. It is a track car that does not fall under racing regulations, but it's also a customer production car that is not forced into road-ready restrictions.

Ferrari, BMW lend expertise to Olympic bobsled, skeleton, luge

LONDON — There are plenty of reasons why the sport of bobsleigh is sometimes referred to as Formula One on ice, but few as obvious as Italy's World Cup sleds. Resplendent in Ferrari red, and with a set of team sponsor Pirelli's P-Zero tyres painted on the sides, they are even liveried to look like racing cars. Ferrari, Formula One's most glamorous and successful team, have worked with the Italian federation, whose sleds run without sponsor branding at the Olympics, since 2010 and in the run-up to next month's Pyeongchang Winter Games. Former rival BMW, title sponsor of the World Cup, has long partnered the U.S. bobsleigh team, while McLaren teamed up with Britain's bob and skeleton athletes for the 2014 Sochi Games in Russia. "There's always the link between the Formula One companies, or any motor company, and skeleton and bobsleigh," says Rachel Blackburn, the engineer who has been involved in Britain's skeleton program since 2006 and who used to work for McLaren. "There's the Ferrari sleds and the BMW sleds ... when we were at McLaren it kind of made a good story," she told Reuters by telephone from her home in Dubai. That somewhat manufactured rivalry has died down in the years since Sochi, with McLaren no longer involved and Ferrari's presence low key. But the worlds of grand prix motor racing and sliding sports still have plenty in common. Bobsled, luge and skeleton are among the fastest of Olympic sports, with bobsleds reaching speeds over 90 mph. Drivers are subjected to gut-wrenching G-forces, and crashes can be fatal. And then there is the ongoing debate about cost controls, the direction of future rules, preserving a level playing field and obsessive secrecy — all endlessly recurring themes in Formula One. 80 mph on a tea tray Blackburn said skeleton, where riders hit 80 mph on what has glibly been compared to an oversized tea-tray, sits somewhere between Americas Cup yachts and Formula One cars in terms of speed and aerodynamics. "Applied engineering is far more interesting than the pure stuff, so when its applied to something that's fun and exciting it does make it a lot easier to solve problems," she said. "There is the Americas Cup, sailing, Formula One and the high speed ice sports as well. It's the same concept.