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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

Alfa Romeo Giulia Quadrifoglio and Nissan 370Z 50th Anniversary | Autoblog Podcast #600

In this, the 600th episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder and Associate Editor Joel Stocksdale. They've been driving the Nissan 370Z 50th Anniversary edition, Alfa Romeo Quadrifoglio and Buick Enclave, and they're pretty excited about at least two of them. Then they talk about the Subaru Forester in their long-term garage. Finally, they spend a listener's money on a used car. Autoblog Podcast #600 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2020 Nissan 370Z 50th Anniversary 2019 Alfa Romeo Giulia Quadrifoglio 2020 Buick Enclave Long-term Subaru Forester Update Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

2018 Alfa Romeo Stelvio is like a taller, more practical Giulia

With the Giulia on its way to dealers in the coming months, Alfa Romeo's third current model for the US market is close behind. The 2018 Stelvio will give the company an offering in the ever-popular crossover SUV segment, and should bring Alfa's signature style and driving dynamics to the party. On paper, the Stelvio seems capable of delivering on classic Alfa fun. For starters it shares engines with the Giulia sedan, starting with a turbocharged 2.0-liter four-cylinder in the standard Stelvio and Stelvio Ti models making 280 horsepower and 306 lb-ft of torque. Alfa will offer a Quadrifoglio model as well, which has the same twin-turbocharged 2.9-liter V6 as the Giulia Quadrifoglio that pumps out 505 horsepower and 443 lb-ft of torque. The company claims that the Stelvio Quadrifoglio will get to 60 mph in 3.9 seconds, just a tenth behind the Giulia. View 11 Photos Regardless of trim level, every Stelvio sends power through an 8-speed automatic transmission connected to Alfa's Q4 all-wheel-drive system. A mechanical limited-slip rear differential is available, and the Quadrifoglio adds a torque-vectoring rear differential. The drivetrain propels an aluminum-intensive chassis. The doors, fenders, front and rear frame assemblies, and various suspension components are all made of the lightweight metal, contributing to a near 50/50 weight distribution front and rear. Suspension is independent all the way around, and the Quadrifoglio gets a sportier, adaptive version. Styling-wise, the Stelvio also lives up to the Giulia. In fact, it looks more or less like a tall Giulia wagon. The front fascia is roughly the same, just with a taller center grille and slightly more swept back lower sides. The slope of the nose is much less raked, too. The character lines along the flanks and even the rear bumper are all very similar to the Giulia Quadrifoglio. The one part that isn't as successful, though, is the tail end. It appears Alfa tried to give the Stelvio a gently sloping hatch, but the result is a bulbous backside with lot of sheet metal. Inside, the Stelvio again echoes its sedan sibling, though in this case the top of the dash peaks above the center screen and slopes down to the right vent. In the Giulia, the top of the dash drops down immediately from the gauge cluster, and only rises again at the right vent. Speaking of gauges, the Stelvio features a 7-inch screen nestled between the tach and speedometer, the latter reading up to 200 mph in the Quadrifoglio.