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Fiat Chrysler starts production of ventilator components in Italy

MILAN — Fiat Chrysler has begun producing ventilator parts to help Italy's Siare Engineering boost its output of the medical equipment needed to treat patients during the coronavirus crisis, the carmaker said on Friday. Carmakers around the world are ramping up production of critical healthcare products and machines to respond to the enormous demand during the pandemic. Italy, the epicenter of the virus outbreak in Europe, had asked Siare to triple its normal monthly production as a part of government efforts to increase the number of intensive care beds. FCA said that with the support of luxury group Ferrari and holding company Exor, which controls both carmakers, it had produced the first electrovalves, a key part in ventilators, at its plant in Cento, in northern Italy. The Cento plant is usually used to produces high-performance car engines for the global market. It had been closed because of the coronavirus but has partially reopened for this project. "With the additional supply of electrovalves from Cento, Siare estimates that it will be able to reduce total production time for ventilators by as much as 30-50%", the statement said. In addition to the production of the electrovalves, a team of specialists from FCA is also working alongside Siare staff at their production facility near the city of Bologna. "The objective is to help increase Siare's total production, with a gradual scaling up of daily output beginning from the first week of April", FCA said.

Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out

Living up to its name | 2018 Ferrari 812 Superfast First Drive

What's in a name? In the case of the Ferrari 812 Superfast, a numerical reference to its 800-(metric) horsepower, 12-cylinder engine and a not-so-subtle hint at its capability for extreme rates of travel. Only Ferrari, notorious for joyously naming its flagship "LaFerrari," could get away with the moniker. But once you get past the super-obvious nomenclature, it becomes hard to argue with this on-the-nose model name. If you're lucky enough to have sampled the standard F12 and one of the 799 F12 TDFs offered to Ferrari's most loyal clients, you've got a pretty good idea of the 812 Superfast's personality, which involves a blend of the TDF's edginess and the F12's comfort and usability. Even within the rarified world of supercars, the 812's athleticism is impressive despite its veil of approachability. More power, to the tune of 789 horsepower (versus the TDF's 769) combined with weight loss of 132 pounds make it the highest-performance standard production model Ferrari in history. (For reference, the TDF trims an even more impressive 242 pounds, ditching niceties like sound insulation.) Along with mechanical and aerodynamic improvements, the elevated power-to-weight ratio enables it to hit 60 mph in 2.8 seconds and reach a top speed of 211 mph. The main attraction is, of course, the 6.5-liter V12, which boasts 75 percent new parts and undergoes a series of mods to raise its output while (thankfully) retaining its naturally aspirated soul. A stroked version of the F12's 6.3-liter mill, the V12 features new pistons, new con-rods, a reinforced crankcase, and a trick new direct-fuel-injection system that runs at a staggering 5,076 psi. The system is capable of changing the shape of fuel droplets as they're injected into the combustion chamber, adjusting for around-town drivability or balls-to-the-wall performance. A revised air intake system incorporates a new plenum and bigger air inlet with wider throttle valves for better breathing. Silver lining: CO2 emissions have been reduced thanks to the new injection system and reduced friction from new 5W50 engine oil. Each of the seven-speed dual-clutch transmission's gears has been shortened, which has the virtual effect of producing an extra 50 horsepower – as if the mighty V12 was wanting for oomph. Upshifts can now happen 30 percent quicker, and the engine's ability to rev-match for downshifts occurs 40 percent faster.