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Stellantis lays off salaried workers, cites uncertainty in EV transition

DETROIT — Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles. The company formed in the 2021 merger between PSA Peugeot and Fiat Chrysler said the workers are mainly in engineering, technology and software at the headquarters and technical center in Auburn Hills, Michigan, north of Detroit. Affected workers were notified starting Friday morning. “As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in a prepared statement Friday. The cuts, effective March 31, amount to about 2% of Stellantis' U.S. workforce in engineering, technology and software, the statement said. Workers will get a separation package and transition help, the company said. “While we understand this is difficult news, these actions will better align resources while preserving the critical skills needed to protect our competitive advantage as we remain laser focused on implementing our EV product offensive,” the statement said. CEO Carlos Tavares repeatedly has said that electric vehicles cost 40% more to make than those that run on gasoline, and that the company will have to cut costs to make EVs affordable for the middle class. He has said the company is continually looking for ways to be more efficient. U.S. electric vehicle sales grew 47% last year to a record 1.19 million as EV market share rose from 5.8% in 2022 to 7.6%. But sales growth slowed toward the end of the year. In December, they rose 34%. Stellantis plans to launch 18 new electric vehicles this year, eight of those in North America, increasing its global EV offerings by 60%. But Tavares told reporters during earnings calls last month that “the job is not done” until prices on electric vehicles come down to the level of combustion engines — something that Chinese manufacturers are already able to achieve through lower labor costs. “The Chinese offensive is possibly the biggest risk that companies like Tesla and ourselves are facing right now,Â’Â’ Tavares told reporters. “We have to work very, very hard to make sure that we bring out consumers better offerings than the Chinese.

Green-on-green Alfa Romeo 8C-based Disco Volante Spyder listed for sale

There is no unwritten rule that states an Alfa Romeo must be red, and there is no secret decree that claims an Italian car can't wear British Racing Green. Proving both of these points with aplomb is this rare 2019 Alfa Romeo 8C-based Disco Volante Spyder, which is finished in green with a green interior and listed for sale in Switzerland. Offered by exotic car dealer Niki Hasler, this Disco Volante Spyder is the fourth of seven examples built by Italian coachbuilder Touring Superleggera. When the model made its debut in 2016, we reported that each of the seven cars would be painted in a different color, and our consumer editor Jeremy Korzeniewski wrote that he hoped one would be painted green like an earlier coupe shown at a Geneva show. His wish has come true. British Racing Green works quite well on the retro-styled lines, which were penned as a modern interpretation of the original Disco Volante built in 1952. The person who ordered this Disco Volante also asked for a matching green interior upholstered in a combination of leather and Alcantara. Touring Superleggera added a plaque between the seats to remind occupants of the car's rarity, but most of the parts that the driver sees and interacts with come straight from the 8C Competizione. It's all Alfa under the hood, too. Touring made no major mechanical modifications to the Disco Volante, so it's powered by a Ferrari-derived, 8C-sourced 4.7-liter V8 engine that delivers 450 horsepower and 354 pound-feet of torque to the rear wheels via a six-speed automated-manual transmission. The 2019 example listed for sale in Switzerland has covered 16,000 kilometers, which represents approximately 10,000 miles, so it hasn't spent its life as a garage queen. It recently received new tires and new brakes, according to the dealer. Unmodified, it's equipped with a useful lift system for the front axle; we can't imagine the front splitter is cheap to replace if it loses a fight with a speed bump. As a bonus, this Disco Volante comes with a matching luggage set. Niki Hasler hasn't published pricing information, so we don't know how many organs you'll need to sell before you can add this Disco to your collection. It won't be a bargain, however. Seven units were built with Alfa's blessing, so it's rare enough to make even the standard 8C, which was limited to 1,000 units globally (split evenly between coupes and convertibles), look common.

Just 45% of Fiat dealers are profitable, and they're angry about it

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On average, Fiat dealers have only been selling about 17 cars a month.
We've been wondering for some time how Fiat dealers in North America have been getting along with just one model range in their showrooms up until recently. Franchisees spent millions building, stocking and manning sleek new 'studio' showrooms, only to have but a single model to sell, the cherubic 500. And even with its many derivatives, the Cinquecento is still an inexpensive model with its attendant lower margins. Perhaps it should come as no surprise then, that just 45 percent of US Fiat dealers are said to be profitable.