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Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG

Maserati electrified the new Grecale SUV, and it's the top performer

Maserati is going electric, first with the announcement of the GranTurismo Folgore, its first electrified performance car, and now with the reveal of the Grecale Folgore electric SUV. The brand announced the vehicle at the Shanghai Auto Show this week, along with the promise that all its models would offer electric options by 2025. The 550-horsepower electric SUV gets a dual-motor powertrain, which delivers 605 pound-feet of torque, and standard all-wheel drive. Maserati promises a range of around 311 miles (500km) and a top speed of 137 mph. Compare that with the gas-powered Grecale Modena’s 325 horsepower, and itÂ’s clear this will be the performance halo of the SUV line. Though electric, the Grecale Folgore retains MaseratiÂ’s signature grille look and trident logo up front. ItÂ’s a more traditional presentation than the weird closed-off nose many EVs carry, and the automaker left its iconic three-porthole styling element on the front fenders. Wheel sizes range from 19 to 21 inches, depending on the market, and the SUV gets gloss-black exterior trim. Maserati installed a 12.3-inch touchscreen and an 8.8-inch digital gauge cluster and said that many of the Grecale FolgoreÂ’s controls have gone digital in the infotainment system. Wireless Apple CarPlay and Android Auto join a few Chinese-market apps like WeChat and Baidu CarLife, and the Maserati digital assistant system has been updated for the electric SUV. Grecale Folgore buyers can work with Maserati on home or public charging solutions, including facilitating charging across Europe and China. The automaker can facilitate home charging installation, including shipping a wallbox charger to buyersÂ’ homes or offices. The SUV itself comes with 400-volt electric architecture, as well as battery preconditioning and temperature management to ensure the fastest charging. We donÂ’t have pricing or a U.S. release date for the new SUV, but Maserati talked more about its first EV, the GranTurismo Folgore, at the show. The car features more than 750 horsepower at the wheels and an 800-volt electrical system for ultra-fast charging. Gas versions of the car are available with up to 542 horsepower from a twin-turbo V6. Green Auto Shanghai Maserati Electric

Junkyard Gem: 1989 Chrysler TC by Maserati

Lee Iacocca's friendship with Alejandro de Tomaso went way back, and it led to the Ford-powered De Tomaso Pantera being born in 1971 (when Iacocca was running Ford). After Iacocca moved over to head Chrysler in 1978, he began working with de Tomaso (who owned Maserati by that point) to develop a sports coupe based on the Chrysler-salvation K-Car platform. It took quite a while, but eventually that car became reality: the Chrysler TC by Maserati (officially known as Chrysler's TC by Maserati). Some 7,300 were built through 1991, and I've found one of them in a Denver-area car graveyard. I've managed to document four of these cars in their final parking spots prior to this one, in wrecking yards in Colorado, California, and Wisconsin. The Chrysler's TC by Maserati does have a devoted following, but they can't save 'em all. The TC really was assembled by Maserati in Italy, but the underlying chassis was taken from the Dodge Daytona. The body bore a strong resemblance to that of the Chrysler LeBaron GTC, which was unfortunate considering the price difference between the two cars: the MSRP on the 1989 TC was $33,000, while the LeBaron GTC cost $17,435 (that's about $80,880 and $42,730 in 2022 dollars). The TC had three different engines driving the front wheels over its short lifetime: two varieties of turbocharged Chrysler 2.2 four-cylinder (one with 160 horsepower and one with a Cosworth cylinder head with 200 horsepower) and that good old workhorse of a Mitsubishi V6: the 6G72, with 141 horses. This car has the 160hp 2.2. The Cosworth-headed cars (500 were built) got a five-speed manual transmission, but the other 6,800 TCs got a Chrysler slushbox of either three or four speeds (this one is a three-speed). There was a lot of snobbish disapproval of the TC by the automotive press, but just look at that interior! Even the most over-the-top LeBaron never got this level of swank inside.  Every time I write about one of these cars, I hear that the factory hardtop roof is worth fantastic money… but four out of the five examples I've found in junkyards had the hardtop, and I think every single one went to the crusher with its car. How many miles? Not many! Maybe the speedometer cable broke in 1995. The radio and HVAC controls are straight LeBaron, but the wood and leather are the real thing.