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Alfa Romeo shows off Giulia and Stelvio GT Junior special editions

Alfa Romeo has announced a pair of new special editions commemorating the 1966 GT 1300 Junior. The Giulia and Stelvio GT Junior series are only available in Europe, and were inspired by the beloved predecessor to the legendary GTV. The Alfa Romeo GT 1300 Junior was part of a larger series of coupes from the 105 and 115 family. Built on a shortened Giulia chassis of the same era, lightweight aluminum-bodied GTAs and GTVs became a force in road racing, as well as GTC cabriolets and versions modified by carrozzerias. Possessing all the style of the Giugiaro-penned top-spec versions but with a less powerful engine and more affordable price tag, the GT 1300 Junior was by far the best seller of the range. It was a bona fide hit, and Alfa Romeo moved over 90,000 units from 1966-76. As the name suggests, the GT 1300 Junior had a 1.3 liter four-banger. Its 89 horsepower was delivered through a five-speed manual to the rear wheels. Weighing only a little over 2,000 pounds, its excellent handling helped make it an iconic model for the Alfa Romeo brand. To evoke the GT 1300 Junior, the Giulia and Stelvio have been dipped in an exclusive gold color called Lipari Ochre, a modern take on one of the GT 1300 Junior's most memorable hues. Both modern Alfas come with five-hole wheels, 19 inches on the Giulia and 21 inches on the Stelvio. There are no performance modifications to either vehicle. The Giulia and Stelvio come with either a 2.2-liter turbodiesel engine making 210 horsepower or a petrol 2.0-liter turbo four-cylinder generating 280 horsepower. Both are mated to an eight-speed automatic via a carbon-fiber driveshaft. The Giulia can be optioned with a rear-wheel-drive or all-wheel-drive drivetrain, while the Stelvio comes only in AWD flavor. Alfa Romeo says the GT Junior editions are the third in a trilogy of special editions that began with the 500-unit and wildly be-spoilered Giulia GTAm that debuted in May. That sold out almost immediately, and was followed by 6C Villa d’Este editions of the Giulia and Stelvio paying homage to 1949 6C 2500 SS. The company hasn't said how many units of the GT Junior will be sold, but they won't be coming to the U.S. anyway. Related video:

Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall