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Fiat announces an all-EV transition by 2030

Today, multiple European publications are reporting that Fiat boss Olivier Francois said that Fiat will become an EV-only brand.  Stellantis is talking a big game about its EV future. The new mashup of car brands initially made the claim that by 2030, 70% of Europe sales and 35% of U.S. sales will be of all-electric vehicles. Fiat going all-electric will help accomplish this goal. “Between 2025 and 2030, our product lineup will gradually become electric only. This will be a radical change for Fiat,” Francois says. ItÂ’s tough to pinpoint exactly what that means for the U.S. market, as Fiat is only hanging on by a shred here. The only 2021 model year car it sells now is the 500X. Both the 500L and 124 Spider are listed on FiatÂ’s website, but both are 2020 model year vehicles that arenÂ’t being renewed. The regular 500 is long gone, and thereÂ’s no indication that the redesigned electric-only 500 is on its way. If the U.S. does get to enjoy FiatÂ’s electric future one day, it could very well be with totally new and different models than what we see now. The crossover-like 500X is the only model to make it through FiatÂ’s recent purging, so another small, electric crossover could make sense in the U.S. later this decade. Of course, thatÂ’s assuming Fiat keeps a foothold in America. Francois provided a reasoning for announcing the switchover now. “The decision to launch the new 500 – electric and electric alone – was actually taken before Covid-19,” Francois says. “Even then, we were already aware that the world could not take any more compromises. We were reminded of the urgency of taking action, of doing something for the planet Earth.” We suspect StellantisÂ’ view on moving toward EVs heavily influenced the decision, too. Small EVs are all the rage these days in Europe, and FiatÂ’s lineup is packed full of small cars. The next reasonable guess at a new Fiat EV would be a production version of the Centoventi Concept. ItÂ’s FiatÂ’s interpretation of an electric Panda, and Fiat says its theoretical range maxes out at 310 miles. Of course, thatÂ’s only a concept, and it was revealed far before Stellantis was formed. WeÂ’ll only know how this will play out in time, as Fiat gave itself nearly a decade to transition from gasoline to electric cars. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Stellantis and Foxconn's new joint venture will focus on connectivity

MILAN — Carmaker Stellantis and TaiwanÂ’s Foxconn announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5G communications. Stellantis CEO Carlos Tavares said the services that will be developed through the tie-up “will mark the next great evolution of our industry,” alongside fully electrified and hybrid powertrains. The deal brings together Stellantis, the worldÂ’s 4th-largest automaker formed this year by the merger of Fiat Chrysler Automobiles and PSA Peugeot, and Foxconn, a major supplier of iPhones. The companies said the venture would focus on such services as infotainment, the integration of telecommunications and computer systems, artificial intelligence-based applications, 5G communications, e-commerce channels and smart cockpit integration. The companies announced a non-binding memorandum of understanding to form a 50-50 joint venture called Mobile Drive, which will be based in the Netherlands and function as an automotive supplier also to other carmakers. The new venture will combine advanced consumer electronics, Human-Machine Interfaces (HMI) to create new services “that will exceed customer expectations,” the companies said in a release. “Customers today and, in the future, demand and expect ever-increasing software-driven and creative solutions to connect the drivers and passengers with the vehicle inside and out,Â’Â’ Foxconn Chairman Young Liu. Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot 5g Connectivity Stellantis Foxconn

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.