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Stellantis invests more than $100 million in California lithium project

Stellantis said it would invest more than $100 million in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal. The investment by the Chrysler and Jeep parent announced on Thursday comes as the green energy transition and U.S. Inflation Reduction Act have fueled concerns that supplies of lithium and other materials may fall short of strong demand forecasts. DLE technologies vary, but each aims to mechanically filter lithium from salty brine deposits and thus avoid the need for open pit mines or large evaporation ponds, the two most common but environmentally challenging ways to extract the battery metal. Stellantis, which has said half of its fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, boosting a previous order to 65,000 metric tons annually for at least 10 years, starting in 2027. "This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. The company plans to spend more than $1 billion to separate lithium from superhot geothermal brines extracted from beneath California's Salton Sea after flashing steam off those brines to spin turbines that will produce electricity starting next year. That renewable power is expected to cut the amount of carbon emitted during lithium production. Rival Berkshire Hathaway has struggled to produce lithium from the same area given large concentrations of silica in the brine that can form glass when cooled, clogging pipes. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. DLE equipment licensed from Koch Industries would then remove the lithium. "We're very happy with the equipment," he said. "We're going to deliver. There's just no doubt about it." Stellantis CEO Carlos Tavares called the Controlled Thermal partnership "an important step in our care for our customers and our planet as we work to provide clean, safe and affordable mobility." Both companies declined to provide the specific investment amount. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Goldman Sachs is leading the search for additional debt and equity financing, he added.

2023 Alfa Romeo Stelvio Review: Exceptionally sporty, but compromised

Pros: Excellent steering and handling; two sporty engines available; stands out from crowd Cons: Mediocre interior; lackluster tech; small for its segment The 2023 Alfa Romeo Stelvio feels exotic for the compact crossover segment, with its Italian pedigree, sharp styling and sporty performance. It checks the boxes of a luxury daily driver, while still offering sharp driving dynamics that might mean its owner doesn’t miss the sports car that doesnÂ’t fit their lifestyle anymore. And, you canÂ’t dismiss that this thing is different than the rest of the pack. An Italian car with its signature “Scudetto” grille sure stands out in a parking lot full of more common family vehicles with more conformist design — especially if you pick one of the bolder, brighter paint colors from AlfaÂ’s palette. The biggest sticking point with the Stelvio is that its interior doesnÂ’t quite live up to the rest of the vehicleÂ’s grandeur. ItÂ’s not particularly roomy, and middling material quality and a lack of general artistry dull the illusion of exoticism in the otherwise glamorous and sporty Stelvio (though if you like carbon fiber, the QuadrifoglioÂ’s got you — and practically every surface — covered). The tech, while serviceable, is less spectacular than what youÂ’ll find in the competition (though considering how overwhelming some infotainment systems can feel today, that might not be the worst thing ever). The Stelvio is due for an update for 2024, so weÂ’ll see this generation stick around for a few more years before Alfa starts rolling out a raft of electric models. Still, if youÂ’re on the fence about whether to buy one now or wait until next year, we donÂ’t any expect major changes to come, especially not in terms of performance. And while we think some of its competitors offer more in the way of luxury and utility, the Stelvio is still a great choice for a customer who actually cares about driving dynamics and standing out from the crowd. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2023? The Stelvio gets an Estrema trim that borrows features like adaptive suspension and limited-slip differential from the line-topping Quadrifoglio, without taking the step up in engine performance and the much higher price tag that comes with it.

On International Women's Day, Alfa Romeo salutes its legendary female race drivers

Alfa Romeo is celebrating International Women's Day by highlighting some of the women who have raced its cars over the past century. They collectively achieved a long list of impressive achievements on and off the track in the face of adversity. One of the earliest-known women that raced an Alfa Romeo professionally is Maria Antonietta d’Avanzo, an Italian baroness who started competing shortly after World War I. Her career spanned several decades, during which she competed against numerous pilots, including an ambitious young man named Enzo Ferrari who would have a profoundly important effect on Alfa Romeo's image and success on the track. He was a mediocre racer, by most accounts, but he proved to be a brilliant manager and was soon put in charge of the carmaker's racing efforts. Ferrari sold Anna Maria Peduzzi one of her first race cars: an Alfa Romeo 6C 1500 Super Sport. Racing either alone or with her husband, she took first in the 1500 category of the 1934 edition of the Mille Miglia. Helle Nice and Odette Siko also raced Alfa Romeo cars during the 1930s; the latter finished fourth overall and first in the 2.0-liter category in a privately-entered 6C 1750 Super Sport. Alfa Romeo's official entry, an 8C 2300, took second overall. Belgian-born Christine Beckers and Dutch racer Liane Engeman both competed in the GTA — one of the company's most successful race cars — during the 1960s. Alfa Romeo later hired Engeman as a model. Maria Grazia Lombardi (also known as Lella) raced a GTV6, but she's better known as the only woman to have scored points in Formula One. She competed from 1974 to 1976 and scored half a point in 1975. She also raced in four editions of the 24 Hours of Le Mans and finished 20th overall and second in her class in a Lancia Stratos. Colombian pilot Tatiana Calderon joined the Sauber Formula One team as a development driver in 2017 after a successful career racing karts. In 2018, she became a test driver for Alfa Romeo's Formula One team. She doesn't line up on the starting grid (at least not yet) but she plays a big part in creating the company's top-level race cars. Unlike many of her predecessors who raced as privateers or for small teams, she's officially affiliated with the company. Race teams (and car manufacturers in general) began welcoming more women into their ranks in the 1990s. Sibling company Maserati also shed light on some of the women who have played an important role in its racing history.