1983 Alpha Romeo Spider Veloce on 2040-cars

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CEO says Volkswagen's buying spree is over

After adding Italian motorcycle icon Ducati to its stable and spending $5.6 billion on the rest of Porsche, Volkswagen CEO Martin Winterkorn says he's done shopping for a while.
"We have enough to do at the moment in taking our twelve brands to where we want to be," Winterkorn tells German newspaper Handelsblatt.

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.

Alfa Romeo bringing 4C Spider to Geneva

With the Geneva Motor Show fast approaching, we're receiving news left, right and center of various debuts lined up. And the latest bit of intel suggests that Alfa Romeo has prepared an open-top version of the 4C for debut at the Swiss expo. The 4C Spider is tipped to incorporate several changes over the fixed-roof coupe version. For one, it'll have a removable roof panel (Porsche's people might call it a "Targa") along with a pair of carbon-fiber roll hoops affixed behind the bucket seats. That'll give the Alfa 4C a wind-in-your-hair driving experience to go with its high-output 1.75-liter turbo four. We don't know at this point if the car will debut in concept or production form, but word from Italy has it that the 4C Spider will also feature a different headlight design (in place of the controversial fly-eye headlamp units on the coupe) and, of course, a different set of wheels. Featured Gallery 2014 Alfa Romeo 4C View 60 Photos News Source: 0-100.it Geneva Motor Show Alfa Romeo Convertible Performance 2014 Geneva Motor Show alfa romeo 4c alfa romeo 4c spider