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Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

Fiat Dino does a sexy Ferrari impression

In the modern industry, there's a clear distinction between Ferrari and its parent company, Fiat. Confusing the two is virtually impossible, although that wasn't always so. In the 1960s, the line between Fiat and Ferrari was still there, but it wasn't nearly so well defined, thanks to the addition of the Dino line.
And while we could essentially write a dissertation on Ferrari, Dino and Fiat, let's just say that it wasn't at all difficult to find a Dino-badged car that could still set your hair on fire. One such car from those halcyon days of Italian automotive production is the 1968 Fiat Dino Spyder, shown in the latest video from Petrolicious.
Now, this isn't the exotic, mid-engined Dino. Rather, this is a sporty, but humble, Fiat-badged convertible, that's a bit lesser known. Still, it's a truly gorgeous car, and this example, owned by Danny Soukup, is a prime specimen of that rare 1960s Italian car. Scroll down for the latest video from Petrolicious.

The SP275 RW Competizione is the latest one-off from Ferrari

They say money can't buy happiness, but I disagree. I'd be very happy if I had enough cash to have Ferrari's Special Projects team build me a bespoke variant of any one of its current crop of cars. The group's latest creation, the SP275 RW Competizione you see here, was shown for the first time at the year-ending Finali Mondiali event at Daytona International Speedway. Details are scarce, but the 275SP appears to be based on the Ferrari F12 Berlinetta in either standard or TdF guise. (The F12 TdF debuted at last year's Finali Mondiali.) Based on design elements like the louvers behind the wheels, it seems likely that the new model started as a TdF. That means special touches like a front-mid-mounted 769-horsepower V12 and rear-wheel steering. It also means a 0–60 mph time of 2.9 seconds. It's difficult to say how much the 275SP weighs, though the F12 TdF is about 240 pounds lighter than the standard F12 Berlinetta. Looks are subjective, so you'll have to decide for yourself whether the new styling queues, like a redesigned front fascia, hood, doors, and glass, are an improvement. It's unlikely you'll find this particular shade of gold on another Ferrari. To my eyes, it looks like the Solarbeam Yellow hue that's available on the Mercedes-AMG GT for $9,900. The takeaway should be that if you have the means, Ferrari Special projects will build whatever you want. Look to the F12 TRS or the F12 SP America for more examples. Money may not buy happiness directly, but it will sure as hell buy you a nice Ferrari. Related Video: Featured Gallery Ferrari SP275 RW Competizione View 16 Photos Image Credit: Copyright 2016 Drew Phillips / Autoblog Design/Style Ferrari Coupe Supercars ferrari f12 berlinetta ferrari f12 ferrari f12 tdf