1991 Alfa Romeo 164l Sport Sedan 5 Speed **no Reserve** on 2040-cars

Auto blog

Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

Alfa Romeo Quadrifoglio trims leaving North America this summer

Larry Dominique, Alfa Romeo senior vice president and head of North America, used a LinkedIn post to set the countdown clock on the brand's Quadrifolgio models here. He wrote, "The opportunity to order a 2024 Giulia Quadrifoglio or Stelvio Quadrifoglio will close to North America at the end of April 2024. The last internal only combustion powered Quadrifoglio models for U.S. and Canada will exit the Cassino plant in June 2024." That gives shoppers about 10 weeks to place an order for the hottest versions of Alfa Romeo's sedan and midsize SUV, and until late summer to find a fresh example on a dealer lot. It's possible the internal-combustion-only Quadrifoglio is dying in the U.S. on its 101st birthday, Italian racing driver Ugo Sivocci having had the four-leaf clover painted on his car for the 1923 Targa Florio. Today, the clover represents models powered by Alfa's twin-turbocharged 2.9-liter V6, an engine said to be inspired by Ferrari's twin-turbo 3.9-liter V6. The six-cylinder makes 505 horsepower and 443 pound-feet of torque in typical form, the limited-edition Quadrifoglio Anniversario models produced last year making 520 horsepower and picking up the mechanical limited-slip differential derived from the sold-out, 540-horsepower Giulia GTA. This is just another step in the automaker's transfer to an all-electric lineup, all of the brand's launches from 2027 and thereafter meant to be electric. This isn't the end of the Quadrifoglio, Dominique himself writing in that post, "I look forward to presenting the next chapter in the four-leaf clover’s journey." Successive iterations will get some sort of electric assistance at the least, and perhaps turn into the 1,000-hp battery-electric 2026 Giulia Quadrifoglio that CEO Jean-Philippe Imparato hinted at last year, with an 800-horsepower Veloce trim below and a 350-hp base trim. Or, with PHEVs coming into fashion as a more affordable middle ground to the fully electric promised land, it might be time to take a little more inspiration from Ferrari — now a separate company — and poke around the underside of the SF90 Stradale. Alfa noises and pure electric driving on demand? Si, certamento.          

2022 Alfa Romeo GTV leaked image shows high performance coupe

Update: Turns out, the image came from the School of Design Milan and is not a leaked image of the upcoming Alfa GTV. We have since learned the image was of a rendering presented during a class. Alfa Romeo declared it was going to bring back the GTV name with a high-performance hybrid car last summer at its five-year plan conference. We got a teaser then, but now this image has surfaced online, initially appearing on the Italian Club Alfa website. It does indeed have the coupe bodystyle we surmised before. We're getting a grand tourer vibe from the styling right now, especially in knowing Alfa plans on giving the GTV 600 horsepower. The power will most likely come from the 2.9-liter twin-turbo V6 hooked up to some form of hybrid electric system. We've been told to expect all-wheel drive, torque vectoring and a 50/50 weight distribution for the GTV, along with a short electric-only range. Alfa's Giorgio platform was designed with electrification in mind, so this car will certainly ride on those underpinnings. That's great to hear, because the Giulia and Stelvio are both dynamic standouts in their respective classes. This car's looks looks set to take on other luxury grand tourers like the Lexus LC500 and BMW 8 Series. The GTV is set to be joined by a new 8C supercar with even more horsepower in 2022. That vehicle will also be using a hybrid powertrain. Both these cars are still a few years from production, but we may just see a concept or two at auto shows leading up to their eventual reveals.