1977 Citroen 2cv on 2040-cars

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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

Watch some drunk German football fans cheer on a parallel parker

Europeans, as we know, take their football (our soccer) seriously - it isn't until a team wins that their fans can stop being so focused and have some serious fun. Exhibit A: after the German national team beat Argentina in Euro 2012, some chaps still full of cheer (and beer, presumably) came upon this woman trying to slot her tiny Citroën C2 into an equally tiny parking spot. Naturally, they decided she could use a cheer of her own. It is guaranteed this did not happen after the Germany-Italy game.
When people say they want their own theme music or cheering section or Mariachi band, we're pretty sure this is isn't at all what they mean. But it's funny for us. Check it out below.

PSA aims to sell Chinese on French quality by giving them wine

China is the house that every robber baron is trying to break into. PSA Peugeot Citroën has been in-country since the early eighties, getting there with Volkswagen, but the French brand largely spent its time sniffing the plum blossoms while the German brand grabbed the dragon and tamed it. No more: PSA expects China to be its largest market by 2015, and it has spent more than a year rearranging its affairs to make a cohesive push for Chinese hearts and minds and renminbi.
After rationalizing its business operations there, Peugeot will move its wares upmarket to put space between it and Citroën, the Citroën DS line will be a standalone brand - the only place in the world where that will be the case - and according to a report in Businessweek both brands will heavily promote their association with French luxury by giving away wine and perfume to those who visit dealerships.
France, as the number one destination for Chinese tourists, does have a strong pull for the locals. But those visitors are interested in France mainly because of brands like Louboutin and Louis Vuitton, so it will take time and serious investment to find out if "premium mainstream" and "near-premium" brands can truly form a consumer bond with some of the definitive marques for sybarites.