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Alfa Romeo Stelvio CUV to debut at 2016 LA Auto Show

America loves crossovers. Alfa Romeo wants to succeed in America. So it only makes sense that the troubled Italian automaker will introduce its first ever CUV on American soil. That's per a report from Australia's Motoring, which claims we'll clap eyes on the Stelvio for the first time this November in Los Angeles. The news was announced by Alfa Romeo and Maserati boss Harald Wester, who said it'd be a late fall debut, according to Motoring. That almost certainly means the mid-November to-do in LA. "We will have an additional product in the [CUV] segment with the new Alfa, to be presented in late Autumn this year, and for the time being there are no plans for Maserati to further extend our range downwards in the more compact SUV segment," Wester told Motoring. The Stelvio – the name was confirmed by FCA boss Sergio Marchionne last month and comes from the iconic Italian pass and the snaking road attached to it – will be based on the Giulia's rear-wheel-drive platform, and will be offered in both two- and four-wheel drive versions. Like the Giulia, there will be both four- and six-cylinder options, which according to the Aussies will include a high-performance Quadrifoglio Verde model. Related Video:

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.

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