1968 Citroen Ds 19 on 2040-cars

Auto blog

Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out

Citro?n C4 Cactus is the ultra-light, ultra-efficient hatch we want [w/video]

We've already told you all about the Citroën C4 Cactus when the production version was unveiled early last month, discussing its ultra-low curb weight and fuel efficient line of powertrains. Now, we've scoped it out on the floor of the Geneva Motor Show.
What's immediately noticeable is that the C4 Cactus is not a particularly large car, despite fairly spacious back and front seats. It's rather tall, which we imagine could impact the handling, although at just over 2,100 pounds (965 kilograms... no kidding), it could be as tall as the Eiffel Tower and still handle well. As we mentioned, that low curb weight shouldn't just help with the way the C4 handles, but in terms of fuel economy, which is rated at a whopping 91.1 miles per gallon on the European cycle.
The interior, meanwhile, is an interesting place. The clean dash is really only interrupted by the central touchscreen and the slim instrument cluster. It's refreshing, at least when looked at alongside more heavily styled interiors.

Sebastien Loeb crashes out of his final WRC event

Rally ace Sébastien Loeb had a rare off in the final World Rally Championship race of his career, as the wet tarmac at the Rally of France saw the French star deposit his Citroen DS3 WRC into the forest. Loeb, who won the WRC's Driver's Championship every year from 2004 to 2012, and co-driver Daniel Elena emerged from their car unscathed.
The wreck, according to AutoSport, happened yesterday on the first stage of the final day of competition in France. Loeb's been running a limited WRC schedule in 2013, and recently announced that he'd be campaigning Citroen's C-Elysee WTCC in the World Touring Car Championship next year.
There's on-board footage of the wreck in the video below, although exterior footage is limited to the very end of the crash. Scroll down for the full video.