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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.

These are the cars being discontinued for 2024 and beyond

While we get new and updated car models every year, its inevitable that we'll need to say goodbye to some nameplates as well. This time around, it feels like we have confirmation or reports of an unusually large number of vehicles being discontinued in 2024 and the coming years.  We shouldn't be surprised. A large number of automakers are approaching their various target dates for electrification of their fleets. As such, some beloved internal combustion cars are going away, sometimes with appropriate fanfare like special editions. Others are slinking away quietly, killed by slowing sales and changing consumer trends. Of course, the end of production doesn't necessarily mean permanent death. Some of these models could be resurrected in later years ... and probably as an EV. With that in mind, here are the vehicles that are being discontinued in 2024 and beyond.   Alfa Romeo Giulia Quadrifoglio and Stelvio Quadrifoglio Alfa Romeo ended the production of its combustion-only Quadrifoglio models in April 2024 as the Italian automaker moves toward an electrified future. This isn't the end of the Quadrifoglio entirely, though, with Larry Dominique, Alfa Romeo senior vice president and head of North America, writing, "I look forward to presenting the next chapter in the four-leaf clover’s journey."   Chevrolet Camaro GM is ending production of the Chevy Camaro after 2024, but is sending it off in style with a CollectorÂ’s Edition. WouldnÂ’t it be cool, though, if Chevy brought it back as an EV?   Chevrolet Malibu Rumors of its demise have been around for a while, but now itÂ’s official. GM will end production of the Chevy Malibu in November of 2024. The assembly line in Kansas will be retooled to build the replacement for the Chevy Bolt.   Dodge Durango The three-row Durango is slated to be replaced by the Stealth nameplate after 2024. The Durango name could make a comeback later, according to rumors, on a body-on frame SUV based on the Jeep WagoneerÂ’s platform.   Ford Edge This is the last year for the Edge in the U.S., with the final unit rolling off the assembly line in April. On sale since 2007, the Edge topped 100,000 sales in all but three full years of production.   Ford Escape Newly refreshed for the 2023 model year, FordÂ’s popular Escape compact SUV is reportedly taking its leave in 2025 in order to usher in — you guessed it — an EV in its place.

Autoblog's Editors' Picks: Our complete list of the best new vehicles

It's not easy to earn an “EditorsÂ’ Picks” at Autoblog as part of the rating and review process that every new vehicle goes through. Our editors have been at it a long time, which means weÂ’ve driven and reviewed virtually every new car you can go buy on the dealer lot. There are disagreements, of course, and all vehicles have their strengths and weaknesses, but this list features what we think are the best new vehicles chosen by Autoblog editors. We started this formal review process back in 2018, so there's quite of few of them now. So what does it mean to be an EditorsÂ’ Pick? In short, it means itÂ’s a car that we can highly recommend purchasing. There may be one, multiple, or even zero vehicles in any given segment that we give the green light to. What really matters is that itÂ’s a vehicle that weÂ’d tell a friend or family member to go buy if theyÂ’re considering it, because itÂ’s a very good car. The best way to use this list is is with the navigation links below. Click on a segment, and you'll quickly arrive at the top rated pickup truck or SUV, for example. Use the back button to return to these links and search in another segment, like sedans. If youÂ’ve been keeping up with our monthly series of the latest vehicles to earn EditorsÂ’ Pick status, youÂ’re likely going to be familiar with this list already. If not, welcome to the complete list that weÂ’ll be keeping updated as vehicles enter (and others perhaps exit) the good graces of our editorial team. We rate a new car — giving it a numerical score out of 10 — every time thereÂ’s a significant refresh or if it happens to be an all-new model. Any given vehicle may be impressive on a first drive, but we wait until itÂ’s in the hands of our editors to put it through the same type of testing as every other vehicle that rolls through our test fleet before giving it the EditorsÂ’ Pick badge. This ensures consistency and allows more voices to be heard on each individual model. And just so you donÂ’t think weÂ’ve skipped trims or variants of a model, we hand out the EditorsÂ’ Pick based on the overarching model to keep things consistent. So, when you read that the 3 Series is an EditorsÂ’ Pick, yes, that includes the 330i to the M3 and all the variants in between. If thereÂ’s a particular version of that car we vehemently disagree with, we make sure to call that out.

Editors' Picks March 2024: Refreshed Acura TLX, the Mazda CX-90 and more

This month, a wide variety of body styles and powertrain propositions earn Editors' Picks status. The brand-new Mazda CX-90 has impressed us in many forms, but that comes as no surprise. The Tonale from Alfa may not be a super-hot performance SUV like the Stelvio Quadrifoglio, but it's still captured our love. And for those wishing to remain lower to the ground, the V60/V60 Cross Country bring style to the limited pie that is the wagon market. Lastly, Acura updates its TLX, and the package only gets better. In case you missed previous Editors' Picks posts, here’s a quick refresher on whatÂ’s going on here. We rate all the new cars we drive with a 1-10 score. Cars that are exemplary in their respective segments get an EditorsÂ’ Pick designation. Those are the ones weÂ’d recommend to our friends, family and anybody whoÂ’s curious and asks the question. You'll find the entire list of Editors' Picks at this link here, which we keep updated as cars are either added or dropped from the list. The vehicles youÂ’ll find below consist of every car we rated in March that earned an EditorsÂ’ Pick. 2024 Mazda CX-90 2024 Mazda CX-90 PHEV Premium Plus View 70 Photos Quick take: The driver's three-row SUV. Enthusiasts who need space should seek out the CX-90. It translates Mazda's enthusiast DNA into a people hauler. Score: 8 What it competes with: Honda Pilot, Kia Telluride, Jeep Grand Cherokee L, Chevy Traverse, Subaru Ascent, Ford Explorer, Toyota Highlander, Mazda CX-9, Kia Sorento, Buick Enclave, Nissan Pathfinder, VW Atlas Pros: Lovely to drive inline-six; premium interior; will make you forget you're driving a family hauler Cons: Limited third-row and cargo space for the segment; PHEV is rough around the edges From the editors: News Editor Joel Stocksdale — "With excellent driving dynamics, classy interiors, strong powertrains and good value, the CX-90 should be high on anyone's shopping list, whether they're looking at mainstream or upscale brands. It's a strong competitor in a big field. The available interiors put it on par with some real upscale brands. It's not perfect, but it's very good, and it's a good sign for future Mazdas." Road Test Editor Zac Palmer — "There's little doubt that the CX-90 is the affordable three-row SUV for enthusiasts, and I think the inline-six is likely your best bet.

Stellantis lays off salaried workers, cites uncertainty in EV transition

DETROIT — Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles. The company formed in the 2021 merger between PSA Peugeot and Fiat Chrysler said the workers are mainly in engineering, technology and software at the headquarters and technical center in Auburn Hills, Michigan, north of Detroit. Affected workers were notified starting Friday morning. “As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in a prepared statement Friday. The cuts, effective March 31, amount to about 2% of Stellantis' U.S. workforce in engineering, technology and software, the statement said. Workers will get a separation package and transition help, the company said. “While we understand this is difficult news, these actions will better align resources while preserving the critical skills needed to protect our competitive advantage as we remain laser focused on implementing our EV product offensive,” the statement said. CEO Carlos Tavares repeatedly has said that electric vehicles cost 40% more to make than those that run on gasoline, and that the company will have to cut costs to make EVs affordable for the middle class. He has said the company is continually looking for ways to be more efficient. U.S. electric vehicle sales grew 47% last year to a record 1.19 million as EV market share rose from 5.8% in 2022 to 7.6%. But sales growth slowed toward the end of the year. In December, they rose 34%. Stellantis plans to launch 18 new electric vehicles this year, eight of those in North America, increasing its global EV offerings by 60%. But Tavares told reporters during earnings calls last month that “the job is not done” until prices on electric vehicles come down to the level of combustion engines — something that Chinese manufacturers are already able to achieve through lower labor costs. “The Chinese offensive is possibly the biggest risk that companies like Tesla and ourselves are facing right now,Â’Â’ Tavares told reporters. “We have to work very, very hard to make sure that we bring out consumers better offerings than the Chinese.

Scrapyard Gem: 1999 Alfa Romeo 166, Screwball Rally Edition

SHERBURN-IN-ELMET, England — Alfa Romeo took a break from selling new cars in the United States after 1995, when the final Spider Veloces and 164s were sold here. That beat Fiat and Lancia (both of which departed after 1982), but still deprived us of the Alfa 164's handsome successor: the 166. The easiest way to find discarded 166s is to cross the Atlantic, so that's what I did recently. I've been spending a lot of time in the Grand Duchy of Luxembourg in recent years, being the descendant of immigrants from that tiny but proud nation, and there are still quite a few 166s prowling the streets of Luxembourg City. Despite their reputation for unreliability and horrifically rapid depreciation, the 166 looks so good that I remain tempted to ship one home. The facelifted model in the photo above had its debut as a 2003 model and thus won't be legal in the United States until 2028, but the first-year '99s shouldn't raise any U.S. Customs eyebrows when you pick one up at your local port. I was hoping to shoot plenty of interesting Italian iron during my trip to the scrapyards of Yorkshire in January, so I headed over to Sherburn Motor Spares, located on the very land in Sherburn-in-Elmet where the famous Fairey Swordfish torpedo bombers of Bismarck-crippling fame were built. This yard specialises in Italian and French cars; it's what we'd call a dismantler in the United States, so customers aren't allowed to pull their own parts unless they get permission beforehand. There's a nice little breakfast joint located just out front, which was welcome on a below-freezing Yorkshire morning, and the employees are very friendly (though a bit difficult to understand if you come from anywhere else in the English-speaking world). Inside, you'll find plenty of Alfa Romeos, Fiats, Peugeots, Citroens, Renaults and even a few Toyota MR2s; I spotted an extremely rare Alfa Romeo Brera S, which was one of a mere 500 built. Cars rust quickly and inspections are rigorous in England, so I didn't see many machines built prior to our current century. Well back in one of the rows, however, was this first-year 166 done up in some kind of racing livery. The cars were packed and stacked so closely that I wasn't able to get great photos of this car, but Sherburn Motor Spares has included some pre-stacking photos in their eBay store.

Scrapyard Gem: 2011 Alfa Romeo Giulietta

Alfa Romeo first applied the Giulietta name to its cars in 1954, producing that legendary generation through 1965. The name was revived on a wild-looking sedan for the 1977-1985 period, just before Fiat bought the company, and then returned on a compact hatchback for the 2011 model year. Today's Junkyard Scrapyard Find is one of those first-year third-gen Giuliettas, found in a self-service yard in Yorkshire, England. Copart-owned U-Pull-It has two stores in Great Britain, one in England and the other in Scotland. I have documented quite a few not-available-on-our-side-of-the-water vehicles found during my trip over there, including a 2005 Smart ForFour, a 2002 BMW 320td, a 2005 Vauxhall Tigra TwinTop, a 2008 Mitsubishi i, a 2007 Mitsubishi Colt, a 2006 Peugeot 307 CC, a 2006 Hyundai Matrix, a 2006 Ford StreetKa, a 2000 Honda HR-V, a 1994 Rover 620 Si, a 2010 Peugeot Bipper, a 2009 Alfa Romeo Brera S, a 2010 Citroen C4 Picasso, a 2005 MG ZT 190 and a 1963 Bentley S3. This generation of Giulietta stayed in production through 2020, after which it was replaced by a Jeep Compass-related crossover that you can buy in the United States today. This car's closest U.S.-market relative was the 2013-2016 Dodge Dart, which was built on a widened version of the Giulietta platform; the 2015-2017 Chrysler 200 lived on a longer-wheelbase variation. The current Chrysler Pacifica still rides on a descendant of that chassis. Alfa Romeo managed to get the Giulietta into a starring role in Fast & Furious 6, back in 2013. There was talk in the early 2010s that the new Giulietta might be sold in the United States, but those tales turned out to lead nowhere. Instead, the 4C ended up being the first new Alfa Romeo available here since the last Spider Veloces and 164s were sold as 1995 models. I couldn't get the bonnet open on this car, quickly losing patience thanks to fingers frozen solid by Yorkshire January weather, so we'll just have to speculate about the engine beneath. Giulietta shoppers in the U.K. market could get the '11 with one of eight engine choices, ranging from the base 1.4 MultiAir straight-four petrol-burner and its 120 horsepower all the way up to a screaming 1.75-liter straight-four with 235 horses. Fiat Multijet diesels in 1.6- and 2.0-liter form were available as well. This one has the base six-speed manual, which Dart buyers could get bolted into their cars (few did so).

Alfa Romeo Quadrifoglio trims leaving North America this summer

Larry Dominique, Alfa Romeo senior vice president and head of North America, used a LinkedIn post to set the countdown clock on the brand's Quadrifolgio models here. He wrote, "The opportunity to order a 2024 Giulia Quadrifoglio or Stelvio Quadrifoglio will close to North America at the end of April 2024. The last internal only combustion powered Quadrifoglio models for U.S. and Canada will exit the Cassino plant in June 2024." That gives shoppers about 10 weeks to place an order for the hottest versions of Alfa Romeo's sedan and midsize SUV, and until late summer to find a fresh example on a dealer lot. It's possible the internal-combustion-only Quadrifoglio is dying in the U.S. on its 101st birthday, Italian racing driver Ugo Sivocci having had the four-leaf clover painted on his car for the 1923 Targa Florio. Today, the clover represents models powered by Alfa's twin-turbocharged 2.9-liter V6, an engine said to be inspired by Ferrari's twin-turbo 3.9-liter V6. The six-cylinder makes 505 horsepower and 443 pound-feet of torque in typical form, the limited-edition Quadrifoglio Anniversario models produced last year making 520 horsepower and picking up the mechanical limited-slip differential derived from the sold-out, 540-horsepower Giulia GTA. This is just another step in the automaker's transfer to an all-electric lineup, all of the brand's launches from 2027 and thereafter meant to be electric. This isn't the end of the Quadrifoglio, Dominique himself writing in that post, "I look forward to presenting the next chapter in the four-leaf clover’s journey." Successive iterations will get some sort of electric assistance at the least, and perhaps turn into the 1,000-hp battery-electric 2026 Giulia Quadrifoglio that CEO Jean-Philippe Imparato hinted at last year, with an 800-horsepower Veloce trim below and a 350-hp base trim. Or, with PHEVs coming into fashion as a more affordable middle ground to the fully electric promised land, it might be time to take a little more inspiration from Ferrari — now a separate company — and poke around the underside of the SF90 Stradale. Alfa noises and pure electric driving on demand? Si, certamento.          

6 luxury car brands to watch in 2024

2023 was a healthy year for the auto industry, and even with incentives returning and dealer lots filling up, there's plenty to like about the market if you build luxury automobiles, and we expect 2024 to be more of the same, which makes luxury-segment rivalries all the more interesting. Top luxury car brand rivalries? Well, that sounds downright uncivilized. But we know better, don't we? And when every quarterly sales update is an opportunity to remind somebody else that they bought the wrong status symbol, well, who can resist? Certainly not the diehard customers who fly their favorite brands' banners high.  Read more: Auto sales: Industry records best year since 2019 Read more: 2023 auto sales and 2024 preview: Ford Bronco vs. Jeep Wrangler This is a tricky segment to define, but essentially, we're looking at luxury car brands with depth to their portfolios and dealerships that exist to attract real-world customers. The Bentleys, Rolls-Royces and McLarens of the world are luxury cars, certainly, but we're more concerned with brands that have a bit more mass appeal — manufacturers who treat supply constraints as fiascos rather than features. If you disagree with our selections, feel free to let us know in the comments.  And since we're mostly concerned with finishing order, the luxury brands and totals featured here may change as new data come in throughout 2024. Due to the wild swings of the past several years, we're treating 2023 as the baseline by which we'll measure sales performance. And rather than rank brands vs. their finishing order in 2022, when supply-chain and inflationary issues still played havoc with sales figures, we're starting 2024 off with a clean slate.  The mainstream luxury segment is always a dogfight, but with their varied approaches to electrification all of the major luxury brands are in the midst of reshaping the premium landscape. Who is doing it right? Well, according to U.S. shoppers, the usual suspects are up to their old tricks.

Alfa Romeo Milano EV teased in camo ahead of April reveal

The Alfa Romeo Milano is officially set to be revealed on April 10 this year as the Italian company’s first fully-electric vehicle. In addition to a reveal date, AlfaÂ’s given us some photos to pore over and get an idea of what the Milano will look like when the wrappings are taken off. For starters, though, donÂ’t get too excited about the prospect of buying one. The Milano is expected to be sold in Europe and perhaps other international markets, but not in the U.S. ItÂ’s said to be related to the Jeep Avenger, which is another small EV we donÂ’t get on this side of the pond. Just like the Avenger, the Milano is a small subcompact crossover that appears to be one size smaller than the Tonale, which is sold here. Alfa promises that itÂ’s taking this project just as seriously as any from a dynamics perspective, though, touting that engineers from projects like the 4C, 8C and Giulia/Stelvio Quadrifoglio are ensuring the Milano lives up to AlfaÂ’s high standards through testing at its Balocco test track.  If we ever get to drive it, weÂ’ll be sure to test AlfaÂ’s claims that it will be the best in its class for dynamics and handling. As for the design, the Milano is a stubby little SUV with what appears to be a fairly strongly raked rear window. The camo in front only does so much to cover up AlfaÂ’s traditionally triangular trefoil grille. Its wheel and tire package is shockingly big for such a small vehicle as it wears massive 20-inch wheels wrapped in low-profile Michelin Pilot Sport EV performance tires. Despite the Milano launching as an EV, itÂ’s expected to offer gasoline variants, too. We analyze the possible powertrain options in our most recent report about the Milano, but all of our questions should be answered in April this year, so stay tuned for news on the first electric Alfa. Related video: 2023 Dodge Hornet GT