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Alfa Romeo range-topping sports car confirmed for 2023 debut

Alfa Romeo's on-again, off-again range-topping sports car is back in the pipeline. Company boss Jean-Philippe Imparato confirmed that a two-door flagship is on track to make its debut in 2023 as a concept whose exterior design will draw inspiration from historic models. "You will see something in that field in terms of sportiness in the first half of 2023. We use one word to define the brand, and it's 'sportiness,'" the executive told British magazine Autocar. He's previously voiced his support for bringing back the dormant GTV and Duetto nameplates. Imparato added that the yet-unnamed model will borrow styling cues from the Tipo 33, though he didn't specify which version of the car he has in mind. Alfa raced several evolutions of the Tipo 33 from 1966 to 1977, and it sold 18 units of a Franco Scaglione-designed supercar with a mid-mounted engine called 33 Stradale (pictured) between 1967 and 1969. We're guessing it's the latter that will provide inspiration. Numerous points remain up in the air, like what will power the car. "For the moment, I have two scenarios: full ICE or full EV," he revealed to Autocar. Regardless, the model "will be very exciting, very selective, and very expensive." It sounds like production will be limited. We're about four months away from 2023, so we won't have to wait long to discover the concept that Alfa Romeo is working on. Executives have toyed with the idea of adding a sportier model to the range for several years, but they have never pulled the trigger. Imparato explained in 2021 that the brand wouldn't release another two-door car until it increased its sales in more mainstream segments of the market. What's changed since then is unclear; the Tonale unveiled in February 2022 is the only new Alfa Romeo released since. (A Dodge Hornet badge-engineered version of the Tonale was revealed this week.) Traveling further back, in 2018 former Fiat-Chrysler Automobiles (FCA) boss Sergio Marchionne announced that the 8C and GTV names would make a comeback on a pair of coupes. The former was presented as having a carbon fiber chassis and 700 horsepower thanks to a gasoline-electric hybrid powertrain built around a mid-mounted turbocharged V6. The latter was also planned as a hybrid, but it would have offered drivers 600 horsepower, and a sketch made it look like a two-door version of the Giulia sedan. Both cars were canned by 2019. Related video:

Alfa Romeo drops its Giorgio platform as it electrifies for the future

Alfa Romeo, a storied Italian automaker with a tremendous amount of goodwill from the automotive enthusiast crowd, is about to go through yet another major transformation. According to reports, including this one from Automotive News Europe, newly appointed Alfa Romeo CEO Jean-Philippe Imparato told Italian journalists during a roundtable event that all future vehicles from the company would be electrified and built on a new platform known internally as the STLA large-vehicle architecture that will be shared across brands under the Stellantis umbrella. "We are working on the Large platform of Stellantis and we will no longer use the Giorgio,” Imparato said. “We must take advantage of the volumes to take all possible opportunities and bring an EV range to Alfa Romeo, but always with the touch of Alfa Romeo.” That means the well-regarded Giorgio platform that currently underpins Alfa Romeo's only two mainstream products, the Giulia sedan and the Stelvio crossover, will come to an inglorious end. That's a shame. The Giorgio platform didn't just cost Alfa's previous parent company Fiat Chrysler Automobiles millions of dollars to engineer, it also gave the company a duo of vehicles that arguably drive better than anything else in their segments. Forbes reports that the Giorgio platform won't be entirely abandoned, as it will reportedly be integrated into the rest of the Stellantis portfolio in some way. We don't know exactly what that means, but perhaps it lives on in heavily modified form as the basis of crossovers and SUVs like the upcoming Jeep Grand Cherokee, which Jeep calls a completely new platform but one we believe shares engineering with the Giorgio. We also think it will underpin the upcoming Maserati Grecale. As for the future of Alfa Romeo, the next model coming from the brand is the Tonale, which was delayed by Imparato in order to get its plug-in hybrid powertrain just right. Tonale will use a platform shared with current Jeeps. Rumors suggest an even smaller crossover called the Brennero is on the way, also using a hybrid drivetrain. Past that, we'll just have to wait and see — Imparato says new 5-year and 10-year plans are currently being finalized. In any case, we doubt there will be any significant updates to the Giulia or Stelvio as the brand moves all its resources to its electrified intentions. Related video:

Stellantis sees vehicle loan durations extended amid banking turmoil

Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker's head for the business said. Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. "This allows customers to get a car for a monthly instalment that is similar to that they had before," he said. The world's third largest carmaker by sales on Tuesday announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe. Under its terms, Stellantis created a 50-50 single long term multi-brand leasing company named Leasys with Credit Agricole Consumer Finance. It also set up local joint ventures in European countries for its new Stellantis Financial Services unit, formerly Banque PSA Finance, with BNP Paribas Personal Finance and Santander Consumer Finance. "These banks have always had better funding conditions than those we can have as an automaker," de Rovira said. Benefits of the plan included cutting the number of financing and leasing entities the group runs in each country and the number of IT systems it uses, with expected savings exceeding 30% in this particular area, he added. De Rovira said the group had a huge portfolio of orders it had not yet delivered due to supply chain shortages impacting production. "Demand is not our main issue. The issue is to deliver as fast as we can cars that are in our order portfolio, which is still at record levels," he said. The group aims to expand its corporate leased vehicle fleet to more than one million units in 2026 and to double net income from its so-called banking activities to 5.8 billion euros ($6.3 billion) by 2030. De Rovira said Stellantis was not seeing a downward trend in vehicle pricing. "Probably the significant price increases we have seen in 2021 and 2022 will not be repeated because the context is changing, but for the moment we don't see decreases, we see stabilisation". ($1 = 0.9188 euros) (Reporting by Giulio Piovaccari and Gilles Guillaume; Editing by Jan Harvey) Earnings/Financials Plants/Manufacturing Alfa Romeo Chrysler Dodge Jeep RAM