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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

2021 and 2022 Maserati models recalled over fuel leak risk

Maserati is recalling a handful of 2021 and 2022 models to fix a problem that can cause a fuel leak. While the number of cars included in the campaign is relatively small, it covers every member of the company's lineup ranging from the entry-level Ghibli to the MC20 supercar. Documents published by the National Highway Traffic Safety Administration (NHTSA) explain that about 409 cars sold in the United States are fitted with a fuel line sensor housing that can crack and leak. It adds that this problem can reduce the engine's performance by not delivering enough fuel to the cylinders; alternatively, the leak can cause a fire, though the notice says that's only in "rare circumstances." There are 274 units of the 2021 and 2022 Levante, 88 examples of the 2021 Ghibli, 43 2021 Quattroporte sedans, and four 2022 MC20s affected. Maserati estimates that the Levante models included in the campaign were built between September 18, 2020, and October 4, 2021. For the Ghibli, the date range provided by the Italian firm is November 3, 2020, to June 7, 2021. Quattroporte models were built from October 28, 2020, to June 7, 2021, while the four MC20s were manufactured between July 12 and September 29, 2021. Maserati notes that it acted quickly: it found out about the problem on October 8, it opened an internal investigation into the part's supplier the following day, and it issued the voluntary recall on November 4, 2021. As of writing, there have been no accidents, injuries, or fatalities linked to the problem.  Maserati will replace the fuel line sensor housing in all affected cars free of charge. It will begin notifying owners on December 27, 2021. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Maserati Ghibli & Levante F Tributo View 14 Photos Recalls Maserati

Alfieri headed for production based on strong Maserati sales

Maserati has been on a heck of a product surge recently. After years of subsiding on versions of the previous Quattroporte and the aging GranTurismo, the Modense automaker rolled out the new Quattroporte the year before last, the Ghibli last year, it will introduce the Levante crossover next year and - according to the latest intel - will begin production of the Alfieri sports car the year after that.
The Alfieri concept debuted just last month at the Geneva Motor Show, taking the form of a two-door sports car foreshadowing the brand's new design language. Reception was positive, but it appears that sales of Maserati's existing models is what's giving the Alfieri the green light.
According to Automotive News, citing an interview given by Maserati chief Harald Wester on Bloomberg Television, the brand has been getting 3,500 orders per month, putting it on track to sell 42,000 units this year - nearly three times as much as the 15,400 it sold in 2013. The profits generated off those orders could be enough by themselves to offset the losses which Fiat is expected to record this year based on flagging sales for the Fiat, Alfa Romeo and Jeep brands in Europe.