Fiat 500 Sport Grey With Cold Air Intake And Mopar Exhaust on 2040-cars

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EV cost burden pushing automakers to their limits, says Stellantis' CEO Tavares

DETROIT — Stellantis CEO Carlos Tavares said external pressure on automakers to quickly shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle with EVs' higher costs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, Tavares said in an interview at the Reuters Next conference released Wednesday. "What has been decided is to impose on the automotive industry electrification that brings 50% additional costs against a conventional vehicle," he said. "There is no way we can transfer 50% of additional costs to the final consumer because most parts of the middle class will not be able to pay." Automakers could charge higher prices and sell fewer cars, or accept lower profit margins, Tavares said. Those paths both lead to cutbacks. Union leaders in Europe and North America have warned tens of thousands of jobs could be lost. Automakers need time for testing and ensuring that new technology will work, Tavares said. Pushing to speed that process up "is just going to be counter productive. It will lead to quality problems. It will lead to all sorts of problems," he said. Tavares said Stellantis is aiming to avoid cuts by boosting productivity at a pace far faster than industry norm. "Over the next five years we have to digest 10% productivity a year ... in an industry which is used to delivering 2 to 3% productivity" improvement, he said. "The future will tell us who is going to be able to digest this, and who will fail," Tavares said. "We are putting the industry on the limits." Electric vehicle costs are expected to fall, and analysts project that battery electric vehicles and combustion vehicles could reach cost parity during the second half of this decade. Like other automakers that earn profits from combustion vehicles, Stellantis is under pressure from both establishment automakers such as GM, Ford, VW and Hyundai, as well as start-ups such as Tesla and Rivian. The latter electric vehicle companies are far smaller in terms of vehicle sales and employment. But investors have given Tesla and Rivian higher market valuations than the owner of the highly profitable Jeep and Ram brands. That investor pressure is compounded by government policies aimed at cutting greenhouse gas emissions. The European Union, California and other jurisdictions have set goals to end sales of combustion vehicles by 2035.

Fiat-Chrysler CEO: Please Don't Buy The Fiat 500e

Fiat-Chrysler's CEO had a strange request for electric vehicle shoppers on Wednesday: don't buy the all-electric Fiat 500e. While CEO Sergio Marchionne was speaking at a conference in Washington, he told the crowd he's tired of Chrysler-Fiat losing money, The Detroit News reported. "I hope you don't buy it [the 500e] because every time I sell one it costs me $14,000," he said to the audience at the Brookings Institution. "I'm honest enough to tell you that." Marchionne said federal and state fuel efficiency mandates are forcing the automaker to build unprofitable cars, according to Reuters. A normal Fiat 500 starts at $16,195, and the 500e starts at $32,650, before federal and state tax credits. There are no sales data to indicate how the 500e is performing. Related Gallery The Best Hybrids For The Money View 12 Photos Green Chrysler Fiat Car Buying Electric fiat 500e

Fiat's Centoventi Concept previews an electric Panda city car

The Fiat Panda is about to be born again. Fiat has presented the Centoventi EV concept at the Geneva Motor Show, and it bears the look of a future Panda redesign. Going with "ABC," as Fiat says, "Affordable but Cool," the Centoventi stands for Fiat's 120th anniversary. It kicks Fiat's long-awaited EV transformation into motion, building on the time-honored basic mobility aesthetics that have served Fiat so well in earlier years. The design of the Centoventi is similar to the utilitarian, super-basic look that the 1980 Panda rode on when it was revealed, blending that into the small five-door hatchback dimensions of more recent Pandas. There are numerous styling cues dating back to the original "141" Panda — the enormous, unpainted, city-suitable boxed arches are covered in a similar subtle ribbing as the 1980 Panda's lower body. The bumper lights are squares similar to the Panda's headlights, and the Italian flag stripe on the front is offset just like the grille on the Panda. The dashboard is another throwback to 1980: the classic, super-simple Panda instrument cluster has been rethought for 2020 with full digitalization and smartphone connectivity, but it still retains the same shape. And there are open-roof options, just like with the classic Panda. The Centoventi has suicide doors with no B pillar. We would expect the eventual production version to do away with this for crashworthiness reasons, but in the interests of showing off the modular, sneaker-like interior, it probably serves the concept well. Only Fiat can compare the car's interior to a Crocs shoe and successfully pull it off. And the customizable sneaker attitude encompasses the entire car: The idea is that the car is just a "blank canvas," produced in just one version and color, and the customer can choose the colors and style of the roof, the bumpers, the hubcaps and additional wraps, fitted by the dealer. The roof options comprise a polycarbonate top, an opening canvas one, a roof with an integrated cargo box or one with a solar panel setup generating power to cool the car's cabin. The battery packs continue with the modular theme. The basic battery of the EV is good for 62 miles, but those can be multiplied, with a servicing garage adding more batteries for a maximum range of 310 miles. One add-on battery fits under a seat, and it can be charged at home, in the style of an electric bike.