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Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.

Alfa Romeo Milano revealed as brand's first full EV offering

Alfa Romeo has made it clear it's going to fully electric models over the next few years, and that seems to be starting with the newly revealed Milano. It's a subcompact SUV, and while it seems that it will be offered with an internal combustion engine (similar to its platform-mate, the Jeep Avenger), Alfa has only talked about the EV powertrains to start with. And at least one of them sounds quite entertaining. Styling-wise, there's no mistaking the Milano for anything but an Alfa. It's very curvy, and has the prominent inverted triangle grille that's the brand's signature. It adopts some boomerang-shaped headlights that blend into additional air inlets on either side of the grille. That inverted triangle grille can feature different patterns, such as the mesh with classic "Alfa Romeo" script shown on the blue example, or the zoomed-in Alfa shield pattern shown on the red one. The tail features a wide rear that attempts to ape the "kamm tail" of the Alfa Romeo TZ sports car. We're not sure how successful it is at that, but it still looks solid. The Milano is fairly small. It comes in at just over 164 inches long and 70 inches wide, or around the size of a Kia Soul. It's also about 2 inches shorter in length than a Jeep Renegade, but that also makes it about 4 inches longer than the diminutive Jeep Avenger.  The interior is pretty typical Alfa, too. The 10.25-inch instrument screen is housed in a double-barrel shroud, and the 10.25-inch infotainment screen is mounted a little lower and canted toward the driver in the center stack. Round air vents bookend the dashboard. Powertrain details aren't complete, but the basics are there. The standard versions will get a 156-horsepower single motor at the front, while the Veloce gets a 240-horsepower single front motor. Both get a 54-kWh battery pack. On the WLTP cycle, the 156-horsepower version gets 250 miles of range. That would undoubtedly be lower on the EPA cycle if the car were to be offered here. And while there's no number for the Veloce, you can also count on that being lower than the standard model. The Veloce doesn't just get more power, though. It sits an inch lower on 20-inch wheels, and it gets stiffer front and rear anti-roll bars. The front brakes are upgraded to four-piston calipers with larger 15-inch rotors. Capping everything off is a Torsen limited-slip differential. It sounds like an awful lot of fun (and also sounds a bit like the setup for the Fiat 600e Abarth).

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