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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.

2020 Alfa Romeo Stelvio Quadrifoglio Road Test | The driver's choice becomes less compromised

The 2020 Alfa Romeo Stelvio Quadrifoglio marks the third model year of the Italian SUV. And every time we’ve driven it, weÂ’ve come away smitten with its driving dynamics but disappointed in areas of technology and finish. So, Alfa Romeo has made some changes, upgrading some interior pieces, revamping the infotainment system and upgrading the driver assist systems. Wisely, everything mechanical has been left alone. The result: This is the best version of arguably the best-driving performance crossover on the market. But it still has room for improvement that could continue to sway some buyers to the competition. WeÂ’ll start with a recap of the best part of this crossover: how it drives. The now famed Ferrari-derived 505-horsepower V6 is the headline grabber, for good reason. It delivers loads of power and does so smoothly and across most of the rev band. It sounds great when driving in Dynamic or Race mode. The transmission itÂ’s connected to, an eight-speed automatic, shifts smoothly and reasonably quickly, but some of the competition can crack off shifts faster. But what really makes the Quadrifoglio shine is the combined capability of the chassis and all-wheel-drive system. They provide enormous amounts of grip and a neutral feeling that encourages you to keep adding power through every corner. It feels light and responsive, more like a car than a crossover. ThereÂ’s a bit more body roll than you might expect for such a serious sporting machine, but itÂ’s not unwelcome. It gives the Stelvio a fluid, lively feel, not unlike what you would find in a Miata, which is also slightly roly-poly. The Stelvio is never upset by bumps, either, and the ride ranges from compliant to bouncy depending on the driving mode. The steering in Dynamic and Race mode is extremely well-weighted and progressive, though in Normal mode, itÂ’s a bit light and numb. On the whole, though, the Alfa is wonderful to drive. Nevertheless, itÂ’s also a luxury crossover starting at over $80,000, so it canÂ’t just drive well. It needs to provide a premium experience with plenty of gizmos to justify the price. In this area, the Quadrifoglio makes a solid initial impression. Every surface is covered in either leather or carbon fiber, and features double stitching at every seam. It looks and feels lovely. The interiorÂ’s crown jewels, though, are the huge aluminum shifter paddles.

This is the Alfa Romeo Tonale compact crossover in official images

Alfa Romeo has unveiled the Tonale concept crossover at the Geneva Motor Show. The carmaker was able to keep the Tonale's name and design secret until yesterday, when images of the stand leaked online; the concept was revealed to be a shapely PHEV in metallic red. The concept will lead to a production vehicle, which will be Alfa Romeo's first CUV. Bared and shown in detail, the Tonale concept looks really good — dare we say, on par with recent Mazdas. It blends Stelvio styling cues into a smaller vehicle, but the concept still manages to look like its own thing, and perhaps even better than the bigger sibling. There are classic Alfa Romeo touches like phone-dial wheels, and the front end has a hint of the SZ and Brera coupes of earlier times. The interior, while largely concept-car-like, brings more Alfa styling to the table. The gauges are housed in traditional bucket shapes visible through the steering wheel, conjoined by a central display. There's a large central screen, underneath which runs a central tunnel covering that looks like muscle fiber, repeated in the door cards. The seats are styled like the racing buckets of a sports car. Alfa Romeo states that electrified power has been used for its own means, instead of Alfa bowing down to accept new standards. "The electrification of Alfa Romeo comes at the service of sportiness and emphasizes the famous 'Mechanics of Emotions' mission of the brand," as Alfa Romeo says. This also means the Tonale's hybrid branding will be discreet instead of obvious. The Tonale ("tonal," in English) is a plug-in hybrid, with a rear-mounted electric motor; however, any definite specifications as to the engine, the electric powertrain or the utilized platform remain unannounced. One detail emerges, though: Earlier, fossil-fuel-only Alfa Romeos have used the "DNA" selector for Dynamic, Natural or Advanced Efficiency modes; now the Dynamic mode has been changed to Dual Power, and the other end is Advance E, for full electric mode. Related Video: