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Just 45% of Fiat dealers are profitable, and they're angry about it

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On average, Fiat dealers have only been selling about 17 cars a month.
We've been wondering for some time how Fiat dealers in North America have been getting along with just one model range in their showrooms up until recently. Franchisees spent millions building, stocking and manning sleek new 'studio' showrooms, only to have but a single model to sell, the cherubic 500. And even with its many derivatives, the Cinquecento is still an inexpensive model with its attendant lower margins. Perhaps it should come as no surprise then, that just 45 percent of US Fiat dealers are said to be profitable.

Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

Alfa Sprint Speciale racer looks fantastic, sounds even better

Nothing quite sounds like a vintage Alfa Romeo four-cylinder engine at full gallop, especially in motorsport trim. With a combination of low-frequency burbling played over a high-pitch scream, they really know how to sing. This week Petrolicious takes a look at a truly unique Alfa Sprint Speciale that's just as adept at competing in the wide-open La Carrera Panamericana vintage race in Mexico as it is snaking through some undulating, tree-lined back roads. Ostensibly, this is a 1965 Alfa Romeo Giulia Sprint Speciale, although it's really much more the creation of Alfa-restorer Conrad Stevenson. The roof section, including the holes for the windshield and rear glass, is original to one of these fantastic-looking coupes. But everything below that is Stevenson's handiwork. To shape the styling, he combined the original Bertone design with his own ideas to purpose build the car for the challenges of the Mexican race. As usual, Petrolicious nails every aspect of the production, especially the handheld camera work inside the cabin as the car negotiates the curves. It really communicates the connection between this swoopy Alfa and its builder. Plus, the sound mix lets the engine play its glorious tune. News Source: Petrolicious via YouTube Design/Style Alfa Romeo Coupe Racing Vehicles Performance Classics Videos petrolicious alfa romeo giulia vintage racing