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Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

Alfa Romeo working on seven-seat, mild-hybrid SUV

Alfa Romeo will kick off its next product offensive with an SUV larger than the Stelvio (pictured) being prepared for launch about two years from now. The people-hauler, built on the Stelvio's Giorgio platform (the same as the Giulia sedan), will be the first brand offering with an electrified drivetrain, and the largest vehicle Alfa Romeo has ever built. A report last year said the coming SUV would probably slot into the BMW X5 and Mercedes-Benz GLE segment, however, the XL Stelvio has been benchmarked against the Audi Q7 and Volvo XC90, and a seven-seater model is likely. Alfa Romeo Chief Technical Officer Roberto Fedeli opened up to Auto Express, saying that a larger, heavier SUV could embody brand DNA with the help of "a 48-volt mild hybrid solution." The near-instant get-up of an e-turbo would counteract weight gain expected to be around 440 pounds. Fedeli revealed Alfa Romeo's testing a 2.0-liter, four-cylinder with an e-turbo on a simulator, and said they "can achieve around 350 to 400 bhp." Right now, the standard Stelvio produces 280 horsepower from its turbocharged 2.0-liter. A larger model that opened proceedings at 350 hp would create enough separation between the Stelvio and a rival like the 333-horsepower Audi Q7 with the 3.0-liter six-cylinder. Were there a Quadrifoglio version, we'd imagine it would want to outdo the 505-hp coming from the four-leaf Stelvio. After the SUV launches, the next-generation Euro-market Giulietta bows. After that, perhaps a new 4C? This summer, Autoline Network reported that the 4C would die in 2020 due to lagging sales. Yet, according to Auto Express, Alfa Romeo execs are still deciding "whether to completely reinvent the Alfa 4C for its next generation with a new chassis architecture and engine." We know that a heavily tweaked 4C appears next year as a 2019 model, the revisions aimed at getting the coupe closer to what it should have been from the beginning, and Fedeli wants a halo car to pitch alongside Alfa Romeo's Sauber F1 sponsorship. A brand new 4C would be a lot to ask, although it appears the door isn't totally closed. Related Video:

B.A.T. Alfa Trinity, some of the world's most famous concept cars, are up for auction

Of the cars that never saw production, there are a handful that nevertheless have had an outsized influence. Among the most famous are the wild Berlinetta Aerodynamica Technica (B.A.T.) concepts commissioned by Alfa Romeo in the mid-1950s. Three B.A.T. Alfas were created by Italy's Bertone design house and were unveiled at succeeding Turin auto shows in 1953, '54, and '55. The cars are now coming up for auction for the first time as a group at RM Sotheby's Contemporary Art Evening Auction in New York on October 28. The first of the trio was B.A.T. 5, which like its successors was built on the Alfa 1900 Sprint production chassis. The goal of the B.A.T. 5 was aerodynamic efficiency, and the car boasted a cD of 0.23. Aiding the cause were covered front wheels, a greenhouse with steeply curved side glass, and twin tail fins. The second concept was B.A.T. 7, from 1954. It has the wildest styling of the trio, with sharply curved tail fins. It also has the lowest drag coefficient, at 0.19. B.A.T. 9, from 1955, was the most production-feasible of the group. It features an Alfa Romeo shield grille at the front and exposed headlights with clear covers. All three are credited to Franco Scaglione, working with Nuccio Bertone. They were seen together for the first time at the 1989 Pebble Beach Concours d'Elegance. They would appear together again at Pebble Beach in 2005 and at Bertone's 80th-anniversary celebration in 1992. The cars were acquired by a single owner sometime after their first Pebble Beach appearance. The ability to acquire all three at once is part of what makes this an extraordinary opportunity. The B.A.T. Alfas are being sold as a single lot and are expected to bring between $14 million and $20 million.