1991 Alfa Romeo Spider Veloce 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.

Is Alfa Romeo readying 4C Spider for Detroit reveal?

The 2015 Detroit Auto Show just keeps looking like one of the best automotive events in the Motor City in years, and it seems increasingly likely that we're going to see another sports car reveal there with the production Alfa Romeo 4C Spider. The latest hint towards the unveiling of the Spider comes from FCA's own blog. In a story about the first customer deliveries of the 4C Launch Edition, the last sentences nearly let the cat out of the bag: "Alfa Romeo plans to introduce eight new models by 2018. You'll get your next Alfa fix at the North American International Auto Show in Detroit in January." Just looking at the roofline of the 4C, it's pretty clear that a convertible was in the cards from the very beginning. Alfa confirmed that with the Spider concept (pictured below) at the 2014 Geneva Motor Show, and reaffirmed the drop top in the company's five-year plan. Further evidence for the fast approaching debut came recently when a fully production-spec 4C Spider (pictured above) was spotted being professionally filmed in Spain. It sported some changes over the concept, including a cooling inlet on the driver's side rear fender and exhausts at the corners, instead of the center. Related Gallery Alfa Romeo 4C Spider Concept: Geneva 2014 View 13 Photos Related Gallery Alfa Romeo 4C Spider Design Preview News Source: Objects in the MirrorImage Credit: Carscoops, Related images copyright 2014 Drew Phillips / AOL, Alfa Romeo Design/Style Rumormill Detroit Auto Show Alfa Romeo Convertible Performance FCA 2015 Detroit Auto Show alfa romeo 4c alfa romeo 4c spider

Watch Alfa Romeo's slightly suggestive lifestyle ad for the 4C

We haven't watched a car ad with this much European panache in quite some time - and let us be clear, we're using the phrase "European panache" in its marketing sense, which is code for "women in lingerie." But it's Alfa Romeo and it's Italy and it's the 4C and what else would we ever have expected? Alfa Romeo USA has posted a two-minute spot talking up the technology and capabilities of the of 4C, with beauty shots of the car augmented by an amorous pantomime between two beautiful people wearing a whisper of clothing and some un-subtle editing; like when the phrase "pure seduction" is matched to the 4C's rear end and... some lovely lady lumps. It's totally safe for work, but that doesn't mean you want it rolling when the boss walks by. And speaking of the above phrase, we're wondering if the coupe's exterior designers signed off on "The inexplicable design of the 4C is pure seduction." Inexplicable? Check it out in the video above.