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Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG

FCA reportedly joins the crowd skipping this year's Paris Motor Show

It's likely FCA vehicles will not be seen at the Paris Motor Show this year. Automotive News is reporting that Fiats, Alfa Romeos, Jeeps and Abarths will not be a part at the show, based on information circulating in the French media. There's a possibility that Maseratis will be displayed at a special section dedicated to upscale cars, but Maserati too will not have a show stand of its own. Ferrari will have a stand, but as it happens, the supercar maker has been a standalone brand since 2015. Skipping the Paris show follows FCA's decision not to take part in the Frankfurt show last year, and the two shows alternate as the biggest autumnal automotive show in Europe. Volkswagen will also not attend the event, and neither will Ford, Nissan or Infiniti. This has become a problem for car shows worldwide, including Detroit's North American International Auto Show. FCA has not released a formal statement about the matter, but a FCA spokesman, quoted by the French magazine L'Argus, reportedly said that the sales and publicity brought in by the show stand would not justify the costs of attending. The news mirrors Volvo's newly announced plan to not take part at the next Geneva Motor Show, but to arrange "bespoke activities" to introduce its cars instead. Related Video:

2018 Jeep Grand Cherokee TrackHawk shows off its hellish supercharged V8

We've seen the spy shots of this thing, the 2018 Jeep Grand Cherokee TrackHawk, before. But only from the outside. The external changes are plenty telling, but there was always the slight chance we were looking only at an extra-hot SRT version, not a full-blown (pun intended) TrackHawk with a Hellcat motor. Until the hood goes up, there's no telling what we're really looking at. Well, seeing is believing. We have been looking at TrackHawks all along. And Mike Manley, Jeep's CEO, wasn't selling the world a bill of goods when he said to expect the thing "by the end of 2017". As you can clearly see in the slightly noisy engine shot, that's a supercharger parked on top of FCA's 6.2-liter V8, just like in the Charger and Challenger Hell-twins. Chances are it'll make the same power as it does in those two – 707 hp, in case you're just waking up from cryo-stasis and aren't aware of the most famous power output figure on the planet. There are some differences between this Grand Cherokee and ones we've previously pegged as TrackHawks. The fog lights in the lower grille vents are gone, and the rear fascia gets a bit more aggressive. Perhaps these will be the external details that separate the TrailHawk from the lowly non-supercharged SRT versions. We've also been hearing about quad exhaust tips, but haven't seen them on a prototype yet. If Jeep wants to get this thing out on the road by the end of the year, we're likely to see it coming to an auto show soon. Keep your eyes peeled. Related Video: