Front Lift Navigation Reverse Cam Full Power Seats Jbl Audio Only 1k Miles on 2040-cars

Auto blog

Sebastian Vettel's 13-race losing streak reflects Ferrari's struggles

MONACO — Sebastian Vettel's barren spell with Ferrari stretches to a dismal 13 Formula One races without a win, dating back to the Belgian Grand Prix last August. The veteran driver still holds No. 1 status at Ferrari mainly because of his experience. At times this season he has been slower than Charles Leclerc, his young and highly-motivated colleague keen to make an impression in his first season with the team. When asked if Vettel's performances had fallen below expectations for a four-time world champion, team boss Mattia Binotto defended him and said the problems were not down to the 31-year-old German. "First we need a good car ... which is performing sufficiently well to win," Binotto said. "It may be frustrating for him, no doubt. But first it's our duty to give him (one) that he can perform well (in)." The car is apparently not an issue Ferrari had anticipated. After strong performances in pre-season testing, it was touted as the team to beat, and even five-time champion Lewis Hamilton — winner of the past two championships — said so. But Hamilton and Mercedes teammate Valtteri Bottas have won all five races this season while Ferrari has a measly three podium places. The team's last win was by Kimi Raikkonen at the United States GP last October, two months after Vettel's victory in Spa. While Mercedes is all about smooth running, Ferrari's car is blighted by a front suspension issue, a deficit in cornering speed and such basic trouble as getting enough heat into the tires quickly enough. Ferrari's passionate tifosi fans, who are waiting for a first drivers' title since Raikkonen in 2007, are not happy with the current standings. Vettel is fourth, nearly 50 points behind championship leader Hamilton, while Leclerc is fifth. "After winter testing our confidence in the performance was higher than today," Binotto said with an air of resignation. "There are a lot of points to recover." Binotto has been with Ferrari a long time and was promoted from chief technical officer to team principal in January. He took over the role from Maurizio Arrivabene after two frustrating years in which Ferrari blew the title race, due to a bizarre combination of panicky errors from Vettel and a string of baffling strategical and technical mistakes within the team. Now there are worrying echoes of 2016 — when Ferrari failed to win a single race and Mercedes crushed its rivals.

Ferrari SUV officially being considered

A new report from Bloomberg seems to confirm that Ferrari is very seriously looking at creating some type of SUV. The news outlet reports that CEO Sergio Marchionne said the sports car builder will come to a final decision on the crossover in 30 months. This of course means that actual production will be several years off, if it happens at all. He also referred to the hypothetical crossover as an "FUV," which we assume means something like Ferrari Utility Vehicle or Fast Utility Vehicle. We doubt it's something offensive, but Marchionne has been quoted as preferring to be shot than have Ferrari build an SUV. If we had to guess whether Ferrari will build an SUV, we would go with, yes. Both Car Magazine and Bloomberg have reported that the company is in the early development phase of some utility vehicle. Both sources also mention similar details such as the fact that it will be based on the all-wheel-drive GTC4 Lusso platform and that there will be a hybrid powertrain option. Adding an SUV of some sort to the Ferrari line-up could also provide an opportunity to score a healthy number of sales and grow the company. According to Bloomberg, Marchionne said any sales expansion would have to be balanced with maintaining some exclusivity. But even if Ferrari sold just 2,000 units a year, as mentioned in a previous report, that would still be a 25-percent increase over the roughly 8,000 cars Ferrari sold in 2016. That number of vehicles would also keep Ferrari close to the 10,000-vehicle-per-year target Marchionne proposed a couple of years ago. Besides the chance for growth, building a Ferrari SUV would also keep the company in direct competition with other sports car builders planning their own utilities. Aston Martin will begin producing its DBX crossover sometime in 2019 and Lamborghini will reveal its production Urus SUV in December. Related Video: Featured Gallery Ferrari GTC4Lusso T: Paris 2016 View 17 Photos News Source: BloombergImage Credit: Drew Phillips Ferrari Crossover SUV Future Vehicles Performance Sergio Marchionne

Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out