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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

2023 Alfa Romeo Tonale previewed ahead of February unveiling

After a false start, Alfa Romeo is finally ready to introduce the production version of the Tonale concept it presented in 2019. It released a short video on its social media channels to preview the model, which will be positioned below the Stelvio as an entry-level crossover. The murky, 12-second flick highlights the Tonale's digital instrument cluster, which features a layout called "cannocchiale" ("telescope" in Italian) by the brand. It seemingly consists of a screen flanked by a pair of round dials, and it's loosely inspired by the layout found in some of Alfa's classic models. Later examples of the 115-series GTV used a pair of large analog gauges separated by warning lights and smaller gauges. Discover driver-centric design in the cockpit of the new #AlfaRomeoTonale, featuring the multi-functional “Cannocchiale” cluster. “La Metamorfosi” begins February 8th. https://t.co/7tknJCcFTR pic.twitter.com/dh7o9BUwBq — Alfa Romeo USA (@AlfaRomeoUSA) January 26, 2022 What's more interesting than the cluster is the image of the Tonale that appears on the middle screen. Shown above, it's our first official look at the Stelvio's baby brother. Surprisingly, the crossover shares more styling cues with the 2019 concept than with the prototype spotted at a design clinic later that year. The shape of the grille hasn't changed much, and there are three U-shaped LEDs integrated into each headlight. The rest of the design remains shrouded in darkness. Our crystal ball tells us that the production model will look a lot like a toned-down version of the concept; we're not expecting the proportions to significantly change. Unverified rumors claim that the Tonale will be closely related to the Jeep Compass beneath the sheetmetal, and it will be offered with several engines and at least one plug-in hybrid drivetrain. It's this system that sources say delayed the launch: Alfa Romeo's boss reportedly sent engineers back to the drawing board in April 2021. Alfa Romeo will unveil the Tonale online on February 8, 2022, at 9 a.m. ET, which is 6 a.m. in California. And, while the odds of seeing it on our shores were previously unknown, Alfa Romeo's American division all but confirmed in a tweet that the model will be sold here. Related video:

Ram and Alfa Romeo top J.D. Power study of best automaker websites

Imagining a new car can be terrific fun, especially if the new car is an Alfa Romeo. So say the fantasy engineers at the J.D. Power agency, who’ve found that Alfa and Ram, sister brands under the Stellantis umbrella, offer potential buyers the most attractive consumer websites, which are often their first viable encounter with those vehicles. Power found that those marques lead the mass market and premium categories in its twice annual Manufacturer Website Evaluation Study. In the premium segment, Alfa Romeo led with 755 points, up six points over BMW, 10 points ahead of Infiniti, 14 points past of Jaguar, and 18 points up on Porsche. By contrast, Volvo and Audi trail the pack with 689 points, and are behind Genesis (699 points), Tesla (720), and Cadillac (721), all of which perform worse than the premium segment average of 724 points. The summerÂ’s study showed that in the mass market segment, Ram leads with an impressive 735 points, which puts it six points ahead of GMC, seven points atop its stablemate Jeep, eight points beyond Subaru, and 22 points ahead of the industry average. Volkswagen finished dead last among mass market names, but only one point behind Ford, 684 to 683 out of a possible 1,000. Segment average, as noted, was 713 points. “Website satisfaction can be volatile, and automotive websites are not immune to changing preferences,” said Jon Sundberg, director of digital solutions at J.D. Power. “However, manufacturers have shown to be very agile when it comes to website design and ensuring their sites meet modern standards, more so than many other industries, as exemplified through the study data.” Marketing/Advertising Alfa Romeo Audi BMW Ford Volkswagen