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Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

Maserati Ghibli pricing announced for UK

Maserati's newest car, Ghibli, is a stunningly well-proportioned luxury sedan mixing the styling of the larger Quattroporte sedan and the GranTurismo coupe. We found it plenty good to in our First Drive review, and now we know how much it will cost (in the UK, at least).
Ghibli pricing announced at the Goodwood Festival of Speed is for customers in the UK, but based on current exchange rates and prices of other Maseratis sold here in the US, we can estimate its MSRP for our market. The base Ghibli, with a twin-turbocharged V6 making 325 horsepower, will cost 52,275 pounds for the Bits, making $75,000 a good guess for American buyers. If that number holds true, however, the Ghibli would be in a price category above its main competition from Audi, BMW and Mercedes-Benz. Take a step up to the Ghibli S, sporting a naturally aspirated V8 producing 404 hp, and you'll have to fork out 63,415 pounds or an estimated $91,000 here.
Just for kicks, the Europe-only Ghibli Diesel, which makes 270 hp and 420 pound-feet of torque with its diesel V6, is the least-expensive Maserati 48,830 pounds. Running an estimated $70k for us, we'd really like to have that one, too. After all, the sparkplug-less engine is the same one found in the Jeep Grand Cherokee EcoDiesel.

Maserati slashes prices for 2020, adds Edizione Ribelle special editions

Maserati is slashing prices for the Ghibli, Levante and Quattroporte for the 2020 model year. To which we say, huzzah! Cars almost never get cheaper, but when sales are as abysmal as Maserati sales have been, drastic changes must be made. The Italian car company only sold about 11,000 vehicles total in 2019, coming in even lower than 2018 overall sales numbers. In an effort to turn it around, the 2020 Ghibli is now $5,990 cheaper than the 2019 model. The Levante is $3,990 cheaper than before, and the Quattroporte is $8,490 less. With destination included, the new 2020 base prices are as follows: Ghibli: $70,985 Levante: $74,485 Quattroporte: $101,485 Basically, buy a 2020, not a 2019. Or at least start your pricing negotiations with the 2020 price. There’s more than just pricing news from Maserati today, though. We also got to see some new Edizione Ribelle special editions. All of the aforementioned models are available in this spec, but numbers are limited. WeÂ’ll get 100 Levantes, 100 Ghiblis and 25 Quattroportes total. All of them are based off the “S” trim, so theyÂ’re fairly well-equipped models. YouÂ’ll be able to tell them apart by the Nero Ribelle paintwork, black chrome trim throughout the exterior and 20-inch wheels framing red brake calipers. The inside will be covered in black and red leather thatÂ’s only available with this special edition car. There will be extra carbon fiber trim on various surfaces and a Harman Kardon audio system. Pricing for the Edizione Ribelle models is much higher than the base cars. The Ghibli is $93,285; the Levante is $98,485, and the Quattroporte costs $120,985. Those limited-production cars will be hitting dealer lots in March this year. 2020 Maserati GT Sport editions View 3 Photos The last scrap of news coming from Maserati today is the introduction of a GT Sport package. This package consists of a few extras to make the respective Maserati look a bit more aggressive. It applies a GranSport-unique front and rear fascia design, new wheels and your choice between black, red or blue brake calipers. Inside, it features high gloss piano black wood. Just like the Edizione Ribelle, thee GT Sport package will be available come March of this year.