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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.

Prosecutors indict three FCA employees in alleged emissions-cheating case

Federal prosecutors indicted three Fiat Chrysler Automobiles (FCA, now Stellantis) employees as part of an investigation into alleged emissions cheating. Charges unsealed on April 20, 2021, accuse the defendants of helping rig the emissions control system fitted to the 3.0-liter turbodiesel V6 used in some models during the 2010s. Prosecutors claim Emanuele Palma, Sergio Pasini, and Gianluca Sabbioni played a determining role in developing a defeat device that allowed the V6 to obtain certification from the Environmental Protection Agency (EPA) while polluting too much in normal driving conditions. Jeep and Ram began making the engine available in the Grand Cherokee and the 1500, respectively, in 2014, but the charges state plans to game the EPA started in 2011. Palma, Pasini, and Sabbioni knowingly mislead federal regulators, the charges claim; they called it "cycle beating," according to The Detroit News. While the three men were part of FCA's research and development department, they started the project while working for an Italian supplier named VM Motori, which FCA purchased in 2013. Pasini and Sabbioni are each charged with one count of conspiracy to defraud the United States and to violate the Clean Air Act, one count of conspiracy to commit wire fraud, and six counts of violating the Clean Air Act. They could spend several years behind bars if they're found guilty. Both are currently in their home country of Italy. Palma's legal troubles are more serious. He was charged with several counts in September 2019, though four wire fraud charges were dropped in November 2020. He lives in Bloomfield Hills, a city located on the far outskirts of Detroit. Prosecutors claim motorists spent over $4 billion on over 100,000 trucks and SUVs fitted with the non-compliant engine between January 2013 and September 2017. FCA has already agreed to pay $800 million to resolve civil claims from the Justice Department, state officials and customers, though it significantly has not admitted guilt. It stressed that "it did not engage in any deliberate scheme to install defeat devices to cheat emissions tests."

The $100,000 Winnebago Solis is a Ram ProMaster camper with a pop-top

Think of it as bunk beds for the outdoors. Maximum personal space, and the campsite has plenty of room for activities. It's an overall win-win. Camper vans with pop-tops are some of the most useful and versatile adventuremobiles out there, and now Winnebago has created its first entry into the growing market. For the first time, Winnebago is entering the Class B pop-top camper van business with the new Solis. Based on a Ram ProMaster chassis, the Solis' exterior is 19-feet-6-inches long, 8-feet-11-inches tall, and 6-feet-8-inches wide. Inside, the ceiling is 6-foot-2-inches high, and campers have access to 21 gallons of stored water. Power comes from a 280-horsepower 3.6-liter V6 and a 220-volt solar panel is integrated into the roof. In the video below, Winnebago Product Manager Russ Garfin says the goal with the Solis was to maintain durability while keeping things as simple as possible to get the job done. With the front captain's chairs swiveled around to face inward, they look at a cabin that is basic but comfortable. The driver's seat pairs with a removable swiveling plywood table with two more seats on the other side. Behind the rear passenger seats, there is a tri-purpose heated bathroom. The toilet is technically in the shower, and the space can also be used as a drying room for wet gear or laundry. The cassette toilet holds five gallons, and the shower has hot or cold water. The gray tank holds 20 gallons. Opposite the bathroom, the kitchenette is on the passenger-side wall. On the end near the door is a 12-volt compressor-driven fridge and freezer. The cooking unit also includes a countertop extension, built-in storage, a two-burner stovetop with backsplash, and a full faucet and sink. All of the insulation and plumbing on the Solis is four-season ready, as well, so adventuring can be done anywhere at any time. In the rear, the Solis has a murphy bed that flips up and out of the way. It sleeps two adults and stores a new "movable table" underneath. When the bed is up, that table can be put down to make a working space or for hanging out at the rear of the vehicle. There is also more storage under the rear floor space. Doubling the sleeping space is the fiberglass pop-top. The roomy space sleeps two more adults and is easily accessible thanks to a folding ladder that can be stored above the driving cabin. The Solis simplifies the camping experience by packaging full amenities and lots of sleeping space within a small van.