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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

2020 Chevy Corvette Stingray vs the world: How it compares on paper

The 2020 Chevy Corvette Stingray in its base form offers an astonishing amount of performance for the money. In fact, so impressive is the car's spec sheet that the Corvette kind of exists in two different competitive sets: one of cars priced similarly, and another with cars of similar performance and reputation. To get a feel for how it handles each of these segments, we've compiled specifications for those two sets of players. You can find the first set below, which looks at cars of roughly the same price point. Following that is a bit of analysis, and then there's a chart of cars with similar performance and reputation. And that chart will also have some analysis. Though final pricing for the Corvette hasn't been announced yet, we know the Corvette will start at less than $60,000. And as far as pricing goes, its closest competitor is the Porsche 718 Cayman, which also starts at just under $60,000. Both are mid-engined and rear-drive, but the Corvette offers an extra 195 horsepower and 190 pound-feet of torque. The Cayman does boast a curb weight of right around 3,000 pounds, so it weighs a few hundred pounds less than the Corvette, but it's likely not enough to make up for the power deficit. The Corvette's sub-3.0-second 0-60 time bears this out against the Cayman's best 4.5-second run. Impressively, though, the Cayman has more cargo space than the Corvette in a package that's nearly 10 inches shorter. The Cayman also still offers a manual option for those that prefer self-shifting. The 2020 Toyota Supra is on the cheap end of this sports car class, just crossing $50,000. It also boasts more power than the Cayman, though it's still down by 160 ponies and 105 pound-feet of torque to the C8. It's also about as roomy as the Corvette, despite being about the same size as the Cayman. Cargo space is a bit tighter. Its driving characteristics will likely differ, too as the Supra sits on a front-engine platform. It might even feel closer to a C7 Corvette in some ways. The other mid-engine entry in this price range is the 2019 Alfa Romeo 4C Spider. Its small 1.7-liter turbo inline-4 only makes 237 horsepower and 258 pound-feet of torque, but it's also far and away the lightest of this group at 2,487 pounds. That's roughly 1,000 pounds lighter than the Corvette. It isn't as fast as the Corvette in a straight line, but that lightness surely pays dividends in cornering and braking.

Alfa Romeo Giulia Quadrifoglio 100th Anniversario gets even more power

Alfa Romeo is celebrating its Quadrifoglio emblem's 100th birthday by rolling out limited-edition variants of the Giulia and the Stelvio. The commemorative cars receive a more powerful twin-turbocharged V6, edition-specific visual accents, and carbon fiber interior trim. The green Quadrifoglio (which means "four-leaf clover" in Italian) first appeared on a straight-six-powered RL race car at the 1923 edition of the Targa Florio, a grueling road race that was held in Sicily. Legend has it that pilot Ugo Sivocci had the emblem painted on his car for good luck. He won, and the Quadrifoglio quickly began appearing on Alfa Romeo's race cars before showing up on street-legal production models. Fast-forward to 2023, and the four-leaf clover denotes Alfa Romeo's most powerful models: the Giulia Quadrifoglio is the Italian company's answer to the BMW M3, and the Stelvio Quadrifoglio competes in the same segment as the X3 M. The limited-edition 100th Anniversario models build on these foundations with a 520-horsepower evolution of the twin-turbocharged, 2.9-liter V6 (that's 15 more than in the regular-production variants). Alfa Romeo also added a mechanical limited-slip differential derived from the sold-out, 540-horsepower Giulia GTA. Based on the recently-updated Giulia and Stelvio, the 100th Anniversario models come with LED headlights,19-inch wheels for the Giulia (the Stelvio rides on 21-inch alloys), and edition-specific gold-colored brake calipers. Quadrifoglio emblems with gold-colored accents and "1923-2023" lettering are fitted to the fenders, and the list of equipment also includes a carbon fiber grille and carbon fiber door mirror caps. The interior gets a similar treatment: There's carbon fiber trim, gold-colored stitching, and a "100" logo on the dashboard. Like their regular-production counterparts, both cars get a 12.3-inch digital instrument cluster whose layout changes depending on the driving mode selected. Alfa Romeo will build 100 units of the Giulia Quadrifoglio 100th Anniversario and 100 additional examples of the Stelvio Quadrifoglio 100th Anniversario. Pricing and availability haven't been announced yet, and deliveries are scheduled to start in the coming weeks for buyers in European markets. Alfa Romeo confirmed to Autoblog that both models will be sold in the United States. Buyers will have three colors called Rosso Etna, Montreal Green, and Vulcano Black to choose from. More details will be announced in the not-too-distant future.