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Stellantis sees vehicle loan durations extended amid banking turmoil

Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker's head for the business said. Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. "This allows customers to get a car for a monthly instalment that is similar to that they had before," he said. The world's third largest carmaker by sales on Tuesday announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe. Under its terms, Stellantis created a 50-50 single long term multi-brand leasing company named Leasys with Credit Agricole Consumer Finance. It also set up local joint ventures in European countries for its new Stellantis Financial Services unit, formerly Banque PSA Finance, with BNP Paribas Personal Finance and Santander Consumer Finance. "These banks have always had better funding conditions than those we can have as an automaker," de Rovira said. Benefits of the plan included cutting the number of financing and leasing entities the group runs in each country and the number of IT systems it uses, with expected savings exceeding 30% in this particular area, he added. De Rovira said the group had a huge portfolio of orders it had not yet delivered due to supply chain shortages impacting production. "Demand is not our main issue. The issue is to deliver as fast as we can cars that are in our order portfolio, which is still at record levels," he said. The group aims to expand its corporate leased vehicle fleet to more than one million units in 2026 and to double net income from its so-called banking activities to 5.8 billion euros ($6.3 billion) by 2030. De Rovira said Stellantis was not seeing a downward trend in vehicle pricing. "Probably the significant price increases we have seen in 2021 and 2022 will not be repeated because the context is changing, but for the moment we don't see decreases, we see stabilisation". ($1 = 0.9188 euros) (Reporting by Giulio Piovaccari and Gilles Guillaume; Editing by Jan Harvey) Earnings/Financials Plants/Manufacturing Alfa Romeo Chrysler Dodge Jeep RAM

2018 Alfa Romeo Stelvio Quadrifoglio Drivers' Notes Review | Everything you expect

The 2018 Alfa Romeo Stelvio Quadrifoglio is a performance crossover that goes head-to-head with models like the Porsche Macan and Mercedes-AMG GLC 63 S. It takes the Giulia's 2.9-liter twin-turbo V6 and stuffs it into a slightly more practical package. Crossovers are all the rage, and Alfa needs the Stelvio to be a hit if the brand has any hope of success in America. Performance models like this don't come cheap, but you get what you pay for. In addition to the performance parts like a torque-vectoring differential, Brembo brakes and 20-inch wheels with Pirelli summer tires, the Stelvio Quadrifoglio comes standard with features like blind-spot monitoring, a Harman Kardon sound system, a heated steering wheel and heated front seats. Options on this car include $2,200 for the Rosso Competizione paint and $1,500 for a drivers assistance package. Update: CarPlay and Android Auto are standard equipment. The listed price on our tester's window sticker was an error. Editor-in-Chief Greg Migliore: I've been skeptical about the Stelvio. Aside from the famous Scudetto grille, what really makes this an Alfa — a good one, anyway? Eyeing them on the road I've been less than impressed. They look like generic crossovers, which is not the vibe Alfa should be giving off. Enter the Quadrifoglio. The 505-hp twin-turbo V6 makes the Stelvio addicting to drive. The 20-inch wheels with Alfa's signature five-hole design under the flared fenders propel this thing to style leadership. Factor in the four-leaf clover badges, and the Stelvio Quadrifoglio looks and feels special. Driving it is a riot. The interior feels legitimately athletic, too. The big, thin steering wheel with the start button and paddle shifters integrated in front of the driver do create a cockpit-like setting. Add in the leather, red stitching and carbon fiber, and it's a cool place to drive. After an energetic commute to the office, my thinking on the Stelvio had changed. Yes, I like the Quadrifoglio, but I can now see this Italian crossover as a compelling alternative in this segment. Wasn't sure how I felt about the @AlfaRomeoUSA Stelvio. But 505 horses convinced me of its merits. Liking this lab hauler in Quadrifoglio spec. @therealautoblog pic.twitter.com/sSUyOS8iY0 — Greg Migliore (@GregMigliore) November 1, 2018 Associate Editor Reese Counts: What a mixed bag. I really wanted to love the Stelvio.

2024 Alfa Romeo Giulia and Stelvio Quadrifoglio Super Sports close the book

Alfa Romeo is hitting the gas on limited-edition special-edition models of late, as the Italian outfit prepares to get rid of gas entirely. Last year we got the Giulia and Stelvio Quadrifoglio 100th Anniversario editions celebrating the centenary of the four-leaf clover trims, then came Quadrifoglio Carbon Editions celebrating that resin weave, then came Tributo Italiano Editions lauding the home country. Now that the world is closer to the end of the internal combustion Quadrifoglio lineup, Alfa's launched the 2024 Giulia and 2024 Stelvio Quadrifoglio Super Sport models. The Giulia Quadrifoglio Super Sport is limited to 275 units worldwide, 72 coming to the U.S. The Stelvio Quadrifoglio Super Sport is even more limited, rolling out just 175 examples for the world, 52 slated for U.S. purchase. Both are powered by the brand's twin-turbo 2.9-liter V6 making 505 horsepower and 443 pound-feet of torque, shifting through an eight-speed automatic to both axles. It would have been wonderful to get the upgraded engine making 520 hp and the mechanical limited-slip differential offered on the 100th anniversary models, especially since the Super Sports are only priced $140 (Giulia) and $660 (Stelvio) below the centenary editions, but it's not to be. Instead, the Super Sports are enhanced outside with a black Quadrifoglio badge, carbon fiber mirror caps, carbon fiber accents in the grille shield, black Brembo calipers, and dark five-hole wheels that are 19 inches on the Giulia, 21 inches on the Stelvio. Inside, special trim includes red carbon fiber on the instrument panel, center console, and door cards, embroidered headrests, and a steering wheel wrapped in leather and Alcantara.  Designers prepped three exterior color options for the Giulia: Bianco Alfa, Metallic Nero Vulcano, or "Three-layer" Rosso Etna. The Stelvio can be had in one of the latter two, not the Bianco Alfa. The 2024 Giulia Quadrifoglio Super Sport starts at $88,365 after the $1,595 destination charge, representing a $5,400 premium over the standard model. The $95,965 Alfa Romeo Stelvio Quadrifoglio Super Sport runs a stiff $7,000 above the standard four-leaf SUV. Orders are open now, deliveries expected in the fall of this year.