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Alfa Romeo Tonale Jeep-derived crossover reportedly delayed by new CEO

Alfa Romeo's long-awaited Tonale crossover might not make its global debut in 2021 after all. Its launch has reportedly been delayed because the firm's boss wasn't satisfied with the proposed plug-in hybrid drivetrain. Anonymous sources familiar with the company's product plan told industry trade journal Automotive News that the Tonale won't begin arriving in showrooms until the first part of 2022 at the earliest, a delay of at least three months. It was tentatively scheduled to enter production on the outskirts of Naples, Italy, in October 2021. While setbacks aren't uncommon, the same sources claim the soft-roader's postponement was ordered by Jean-Philippe Imparato, who was appointed Alfa Romeo's chief executive in January 2021 when FCA merged with PSA to form Stellantis. Formerly at the head of Peugeot, Imparato demanded better performance from the hybrid powertrain that will be offered on some variants after seeing the Tonale for the first time in January 2021. Whether he wants additional electric range, more horsepower, or both remains to be seen. Alfa Romeo hasn't released technical details, but Automotive News reported the crossover will be closely related to the Jeep Compass, so it could get its American cousin's gasoline-electric plug-in technology. It consists of a 1.3-liter four-cylinder engine and an electric motor mounted over the rear axle. The system's total output checks in at 190 horsepower and 199 pound-feet of torque, though a 240-horse variant of the drivetrain is available on more upscale trim levels. Electric range is rated at 31 miles at up to 81 mph, and hitting 60 mph from a stop takes 7.5 seconds, a respectable figure for the segment. Another point that's unclear is how engineers will improve the Tonale's numbers. Making tweaks to Jeep's 4xe powertrain is an option; borrowing components from the Peugeot-Citroen parts bin is another, though the latter solution is more difficult to implement than the former. Less than a year away from production, even with the delay taken into account, the Tonale is mostly locked in. Photos taken during a design clinic (pictured) suggest it has changed significantly since we discovered it as a concept in 2019. Redesigning the engine bay to accommodate a different four-cylinder or reengineering the structure to fit a bigger battery could cost millions of development dollars.

Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.

Aston Martin SUV production to start in late 2019

Aston Martin has confirmed it's upcoming SUV will begin production at a new factory beginning in late-2019. The high end sport-utility will be similar in size and design to the DBX Concept, which Aston Martin first exhibited in Monterey back in 2015. Since it first debuted three years, the market for exotic and hugely expensive sport-utilities has gotten red-hot and highly competitive. New models in this rarefied segment of the sport-utility world now include the Lamborghini Urus, Rolls-Royce Cullinan, and Bentley Bentayga. The plant where Aston will build its SUV is based in St. Athan, Wales, on the site of a former Royal Air Force base. A total of three former aircraft hangars are being combined, to create this new facility. This factory is only part of a larger expansion plan that will add roughly 1,000 new employees to Aston Martin's ranks, stationed throughout its existing facilities in Gaydon and Newport Pagnell, along with the new St. Athan-based site. "We are delighted at the progress being made at the St Athan site. The team have done a fantastic job in advancing the facility and I was incredibly proud to chair our first Board meeting at the new plant," said Andy Palmer, Aston Martin's president and CEO. Showing how important adding a truck is to its future business model, Aston confirmed a total of 150 employees will be assigned solely to "pre-production preparations" related to the company's upcoming SUV. Related Video: