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Stellantis expects to hit emissions target without Tesla's help

Franco-Italian carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla, its CEO said in an interview published on Tuesday. Stellantis was formed through the merger of France's PSA and Italy's FCA, which spent about 2 billion euros ($2.40 billion) to buy European and U.S. CO2 credits from electric vehicle maker Tesla over the 2019-2021 period. "With the electrical technology that PSA brought to Stellantis, we will autonomously meet carbon dioxide emission regulations as early as this year," Stellantis boss Carlos Tavares said in the interview with French weekly Le Point. "Thus, we will not need to call on European CO2 credits and FCA will no longer have to pool with Tesla or anyone." California-based Tesla earns credits for exceeding emissions and fuel economy standards and sells them to other automakers that fall short. European regulations require all car manufacturers to reduce CO2 emissions for private vehicles to an average of 95 grams per kilometer this year. A Stellantis spokesman said the company is in discussions with Tesla about the financial implications of the decision to stop the pooling agreement. "As a result of the combination of Groupe PSA and FCA, Stellantis will be in a position to achieve CO2 targets in Europe for 2021 without open passenger car pooling arrangements with other automakers," he added. Tesla's sales of environmental credits to rival automakers helped it to announce slightly better than expected first-quarter revenue this week. The next tightening of European regulations will soon be the subject of proposals from the European Commission. The 2030 target could be lowered to less than 43 grams/km. Related Video: Government/Legal Green Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM Tesla Citroen Peugeot Emissions Stellantis

Chrysler reveals 6.4-liter 2023 300C: Watch it live

[Update: The 2023 Chrysler 300C has been revealed.] Last week, Chrysler teased a new performance model to be unveiled on the eve of the Detroit Auto Show. The day has arrived, and Chrysler has remained tight-lipped about what exactly it plans to show, but based on the specs in the teaser (and Chrysler's diminutive lineup), we have a pretty good idea what we might see this evening.  Chrysler's teaser included a photo of the wheel from the 300 sedan, which not that long ago was offered in an SRT variant. The big, red Brembo caliper behind the face of this alloy suggests that we could be looking at a revival of the old SRT formula, likely with the combination of the 6.4-liter Hemi V8 and eight-speed automatic transmission — a pairing that was never offered on the old SRT model.  While this certainly isn't definitive, Chrysler said the new variant will be "one of the most powerful and luxurious special edition vehicles" in its brand history. The SRT model based on this generation of the 300 left the market in 2015 with 470 horsepower. Other models with the 6.4-liter offer as much as 485, so there's headroom here for a new model if Stellantis is so inclined. There's also the possibility that a supercharged Hemi could be introduced, or that AWD could enter the mix, but given the sunset status of Chrysler's current internal-combustion powertrains, it's unlikely that such a level of development money would have been thrown at a soon-to-be-discontinued model. But hey, Stellantis, we'd still love to see the Challenger SRT-10. Just saying.  Join us tonight at 6 p.m. EDT to find out exactly what Chrysler has in store. 

Chrysler names six new board directors

Executives may call the shots day-to-day at the world's leading automakers - much as they do at any other corporation - but the ultimate decision-making body remains the board of directors. And Chrysler has just named six new members to its board.
The appointments include Hermann Waldemer, the former CFO of Philip Morris International - the tobacco giant whose Marlboro brand has funneled untold billions into Ferrari as the Scuderia's title sponsor for decades, and on whose board Fiat-Chrysler CEO Sergio Marchionne sits. Waldemer replaces Doug Steenland, who came to the Chrysler board after Northwest Airlines (at which he served as CEO) merged with Delta, and whose term on the board expired just days ago.
In addition to the Waldemer appointment, Chrysler has expanded its board with five more seats, all filled by existing group executives. Among them are Reid Bigland (head of US and Canadian sales and of the Ram truck brand), Fiat general counsel Giorgio Fossati, human resources director Michael J. Keegan, Jeep CEO Michael Manley, and group CFO Richard Palmer.