1970 Citroen Mehari on 2040-cars

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Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall

FCA CEO Mike Manley will take undefined new role after PSA merger

MILAN — Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot, Chairman John Elkann said on Wednesday. In a letter to Fiat Chrysler (FCA) employees on the day the two companies announced a binding agreement for a $50 billion tie-up to create the world's fourth-largest carmaker, Elkann said he was "delighted" that the combined group would be led by current PSA CEO Carlos Tavares. "And Mike Manley, who has led FCA with huge energy, commitment and success over the past year, will be there alongside him," he said. He did not say what position Manley would hold. Elkann — who will chair the new group — said there was still much to be done to complete the merger. "Over the coming months we must work tirelessly and determinedly to fulfill all the approval requirements needed to finalize the commitment we have signed," he said. Related Video:     Hirings/Firings/Layoffs Chrysler Dodge Fiat Jeep RAM Citroen Peugeot FCA PSA merger Mike Manley carlos tavares

Citro"en to campaign World Touring Car C-Elys'ee with Sebastian Loeb

Citroën has released the first images of its latest racecar, the C-Elysee, which will be contested by Sebastien Loeb in the World Touring Car Championship next year. Based on the C-Elysee sedan, a model first shown at the 2012 Paris Motor Show, the WTCC variant has been designed for the new regulations set to be imposed by the FIA.
The C-Elysee is offered with a range of low-powered gas and diesel engines, but the WTCC model gets a 1.6-liter, turbocharged four-cylinder with 380 horsepower and 295 pound-feet of torque. A six-speed sequential gearbox from Sadev sends power to the front wheels through a twin-disk, carbon-fiber clutch. Hopefully all this potential won't result in any shenanigans this season.
The roster for next season is far from finalized, although Honda will be contesting the championship with its Civic WTCC.The C-Elysee WTCC will make its race debut with Sebastien Loeb at the wheel when the 2014 FIA World Touring Car Championship starts, likely around the end of March 2014. Citroën will also be showing its new racer at the 2013 Frankfurt Motor Show.