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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.

Watch Alfa Romeo reveal its mid-engine supercar here live

This gorgeous red supercar is the Alfa Romeo 33 Stradale. The name “33” has several references, the first being to the design, as this new 33 Stradale borrows from the famous Tipo 33. Secondly, Alfa is only producing 33 examples of this supercar, and all of them are already sold. The powertrain strategy for the 33 Stradale is perhaps the most interesting part of it, as buyers can choose between a twin-turbo V6 and a fully electric version. AlfaÂ’s gas-powered 33 Stradale produces 620 horsepower, is shifted via an eight-speed automatic dual-clutch gearbox and puts its power down exclusively to the rear wheels via an electronic limited-slip differential. Its top speed is 206 mph, and the 0-62 mph time is “less than three seconds.” The engine itself is said to be a derivative of the Ferrari-developed V6 you find under the hood of the Alfa Quadrifoglio models. The battery-electric 33 Stradale produces “more than 750 horsepower” and goes 0-62 mph in under 2.5 seconds, but Alfa isnÂ’t saying much else about the powertrain. We presume it will be all-wheel drive due to multiple electric motors being necessary. Range is currently estimated at 280 miles on the optimistic WLTP test cycle. The platform is a combination aluminum H-frame and carbon fiber monocoque that shares plenty with the Maserati MC20, and the roof is engineered with the same materials, supporting the butterfly doors. A front-axle lift system comes standard, and you also get a drive mode selector to choose between Strada (road) and Pista (track). Launch control is activated via a “Quadrifoglio” button. Big Brembo carbon ceramic brakes do the stopping, with six-piston calipers in front and four-piston units in the rear. While there may be a lot underneath that is shared with the MC20, its design is pure Alfa Romeo. Its interior is just as impressive as the beautiful exterior, too. The controls in the center stack are all about physical engagement, as they feature the most beautiful design that just makes us want to turn, twist and toggle them. Above that rests a widescreen touch display powered by Uconnect5 in a similar layout as the MC20. The cluster features a “3D telescope display,” which Alfa claims is the first of its kind. Plus, the steering wheel purposefully doesnÂ’t have a single button on it for maximum driving enjoyment.

Coming Alfa Romeo large CUV to be an electric Italian Dodge Durango?

In the middle of 2022, Alfa Romeo boss Jean-Philippe Imparato told Reuters the Italian carmaker would develop a new battery-electric vehicle in the U.S. that would launch here in 2027. Created for markets that prize large SUVs, he said, "Our offer for a large size vehicle must fit international markets, American, Chinese, European." At the time, he cast doubt on whether the model would be as large as a BMW X5 (195 inches x 78.9 inches), and suggested it could combine crossover and sedan form factors. Imparato wouldn't be drawn on the production site for this new vehicle, but Reuters believed it probably won't be built in the U.S. Six months later, in January of last year, Imparato shared a few specs of the coming EV SUV with Automotive News Europe, by then called a "high-performance SUV" with motors putting out from 300 to 800 horsepower in the standard range and around 1,000 horsepower in a Quadrifoglio trim, and an 800-volt architecture would enable "recharging times of 18 minutes max." At this point, this SUV had also officially become a competitor to the X5, the BMW almost exactly 10 inches longer than the Stelvio (pictured), which is currently the largest product in the Alfa Romeo portfolio and the best-seller in the U.S. What had stayed constant was the potential of a tweener shape, Imparato having said that aerodynamic needs could lead to a shape between a sedan and a crossover.  With all that said, a post in a forum on of Spain's Cochespias (via Mopar Insiders) pinpoints the production site for the Alfa: The Detroit Assembly Complex - Jefferson plant in Detroit that builds the Jeep Grand Cherokee and Dodge Durango. The information comes from what appears to be a clip from a spreadsheet identifying current and future assembly sites and annual production figures. A line for the "E-CUV EV," this E-segment Alfa Romeo, refers to the assembly complex by its previous name, Jefferson North. The next-generation Grand Cherokee and Durango will sit on Stellantis' STLA Large platform, same as this flagship Alfa Romeo. The Grand Cherokee enters production at Detroit Assembly in 2026, the Durango in 2027. The spreadsheet shows production projections for the Alfa variant of 1,961 units for 2027, 10,715 units for 2028.  The next-gen Giulia and Stelvio, also on the STLA Large platform, are going to be built in the company's Cassino, Italy plant, so they can keep their geographical references.