2005 Mitsubishi Eclipse Spyder Gs on 2040-cars

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Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.

2025 Maserati Grecale Folgore First Drive: Roughly translated 'electric Maserati SUV'

LECCE, Italy – Maserati believes its customers should decide if and when they go electric. While itÂ’s building up its range of EVs for motorists who think a twin-turbocharged V6 engine is the automotive equivalent of the horseshoe crab – the next-generation Quattroporte and Levante will notably be electric – itÂ’s still developing and selling gasoline-burning cars for those who are less than enthralled by battery technology. It launched the Grecale, its smallest SUV and its most affordable model by a significant margin, in 2022 and initially made it available with either a four- or a six-cylinder engine. ItÂ’s a bet that paid off: Aimed at the Porsche Macan, the Grecale has predictably become the Italian companyÂ’s best-selling model. The range expands later this year with the all-electric 2025 Maserati Grecale Folgore. In Italian, its name means "lightning," so that's fun.  Some carmakers, such as Mercedes-Benz, set their electric and gasoline-burning models apart by lumping the EVs into a sub-brand and giving them a powertrain-specific design. Maserati sees this approach as an avenue thatÂ’s best detoured, so the Folgore doesnÂ’t scream, “Hi, folks, look at me: IÂ’m electric!” It looks pretty much like the piston-powered Grecale with the exception of minor details. That's intentional. “In terms of the shape of the car, we donÂ’t want to change the customerÂ’s perception. Our customers know Maserati as a luxury brand, but weÂ’re also known for Italian design. We donÂ’t want to be generic; we want to be timeless. We donÂ’t want to follow a trend. Our mission is to achieve visual longevity,” Maserati designer Andrea Bruno told me on the sidelines of the Grecale Folgore launch. “These trends move fast. One month, everyone loves it. The month later, everyone has already forgotten it. We need to do something timeless.” Some of the visual changes made to the Folgore help improve driving range by reducing the drag coefficient. Up front, thereÂ’s a redesigned grille with a much smaller open area. Out back, Maserati added a redesigned air diffuser. Copper-colored accents also make the Folgore stand out, and the gasoline-powered modelÂ’s three fender-mounted air intakes are filled in and fitted with LED lights. Rame Folgore, a paint color that changes from gray-ish to brown-ish depending on the light that hits it, is EV-specific as well. It's the color you're seeing in our gallery, above. Other colors are also available.

Maserati video sheds a little light on mid-engined MC20 coupe

Maserati is preparing to unveil the MC20, its first new model since the Levante made its debut in 2016. It released a short video to whet our appetite before the mid-engined coupe makes its global debut on September 9. Posted on its official Twitter account, the five-second video does an excellent job of keeping the MC20's design under wraps, but it helps us decode what's lurking under the camouflage. It suggests Maserati stylists don't have a straight-edge in their arsenal of tools, because nearly every surface looks deliciously curved. We also get a quick glimpse at the vents chiseled into the hood, and at the air intakes positioned over the rear wheel wells. Out back, the coupe will feature louvers over the rear window, according to a different video posted on the company's Facebook page. We'd say it's safe to bet the cabin will receive the digital rear-view mirror that's slowly making its way across the Fiat-Chrysler Automobiles (FCA) portfolio. Louvers have never stopped carmakers from hanging a conventional rear-view mirror above the front passengers, but the MC20's represent a golden opportunity for Maserati to flex its technology muscles. Whether they'll be standard or optional is up in the air. Although Maserati is trickle-feeding us clues, earlier spy shots taken near its headquarters in Modena give us a much better look at the MC20. Its proportions reveal its mid-engined layout, and even the camouflage can't hide the low-mounted oval grille with the firm's trident emblem. It's a styling cue that subtly links the MC20 to the firm's past models, like the race-winning Tipo 61 (also known as the Birdcage) built from 1959 to 1961. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Power for the MC20 will come from a 3.0-liter V6 engine developed in-house and twin-turbocharged to 630 horsepower and 538 pound-feet of torque. Called Nettuno internally, the 90-degree six-cylinder will have an 8,000-rpm redline, and it will spawn a track-only engine that will power Maserati's future race cars. Unconfirmed rumors claim the MC20 range will later grow to include a hybrid variant with at least 700 horsepower on tap, and a convertible. Maserati is investing significant resources into the development of electric powertrains, the next-generation GranTurismo will run exclusively on batteries, so we wouldn't be the least bit surprised if Maserati delivers an MC20 without exhaust pipes sooner or later.