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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.

Citroen's quirky My Ami Buggy is going back into limited production

Surprisingly high demand has convinced Citroen to build additional units of the My Ami Buggy, an outdoorsy evolution of the tiny Ami electric two-seater. Production will again be limited, though there will be significantly more examples available, and the EV will get a few updates. Unveiled as a concept in December 2021, the original My Ami Buggy received an off-roader-like design characterized by features like black plastic exterior trim, a canvas sunroof, a roof-mounted spoiler, and tubular doors. Production was limited to 50 units and the entire batch was spoken for in about 18 minutes. Buyers who missed out are in luck: Citroen announced plans to build 1,000 examples of the second series. The Paris-based company claims the new version of the My Ami Buggy will be very similar to the original model with the exception of "a few surprises" that haven't been detailed. Preview photos suggest the EV will receive a roof-mounted trim piece with an integrated visor. It doesn't sound like Citroen will make changes to the Ami's powertrain. Classified as a quadricycle rather than as a car in France, the Ami is powered by an electric motor that draws electricity from a 5.5-kilowatt-hour lithium-ion battery pack and zaps the front wheels with 8 horsepower. It offers about 45 miles of driving range and a 0-60-mph time of never; its top speed is limited to approximately 28 mph. The updated My Ami Buggy will go on sale during the first quarter of 2023 and deliveries are scheduled to start the following summer. While the original model was sold exclusively in France, the new version will be available in additional European markets. Pricing information hasn't been announced yet but it's of little interest to us: nothing suggests the My Ami Buggy will make the trip across the Atlantic. What's in a name? Although there's nothing retro about the Ami, its name carries a tremendous amount of heritage. Citroen introduced it in 1961 on a model called Ami 6 and developed to fill the abyss separating the 2CV and the ID/DS. "Ami" means "friend" in French but it's reportedly an acronym that stands for "automobile de milieu de gamme" ("mid-range automobile"), while the 6 represents the flat-twin engine's 602cc displacement. Offered as a sedan with a funky, Z-shaped roof line and as a station wagon, the Ami 6 exceeded even optimistic expectations and became France's best-selling car in 1966. It was briefly offered in the United States but predictably sold poorly.

Stellantis announces ‘Circular Economy’ business to drive revenue, decarbonization

Stellantis has already announced its plans to reach net-zero carbon emissions by 2038. Today, the automaker has announced a new business unit to help it reach that goal while generating 2 billion euros per year in revenue by 2030. The “Circular Economy” business will help make revenue less dependent on finite, rare and ecologically problematic materials. The Circular Economy model features what Stellantis calls a “4R” strategy, comprising remanufacturing, repair, reuse and recycling. The goal is to make materials last as long as they can, reducing reliance on the acquisition of those precious new materials in the future by returning them to the business loop when theyÂ’ve reached the end of their first life. Through these processes, Stellantis says it can save up to 80% raw material and 50% energy compared to manufacturing a new part. Remanufacturing, or “reman” in Stellantis shorthand, means dismantling, cleaning and rebuilding parts to OEM spec. Nearly 12,000 remanufactured parts are available for customers to purchase. Some remanufacturing is done in-house, and some with partners and through joint ventures. Repair is pretty obvious — fixing parts to put back into vehicles. This also consists of reconditioning, to make a vehicle feel like new. Stellantis boasts 21 “e-repair” centers for repairing electric vehicle batteries.  Reuse refers to parts still in good condition from end-of-life vehicles sold as-is. Stellantis says it has 4.5 million multi-brand parts in inventory. These are sold in 155 countries through the B-Parts e-commerce platform. Reuse also refers second-life options, such as using batteries outside of automotive purposes. Recycling involves dismantling parts and scraps back into raw material form that is then looped back into the manufacturing process. Stellantis says it has collected 1 million parts for recycling in the past six months. Recycling doesnÂ’t get counted in that aforementioned 2 billion euros of revenue, but it does save the company money on acquisition of raw materials. As for batteries, specifically, Stellantis expects this recycling business to ramp up after 2030, when the packs currently in service begin to reach the end of their lifecycle. Stellantis will use its new “SUSTAINera” label to denote parts that are offered as part of its Circular Economy business.

Citroen Oli concept is electric and made from cardboard (sort of)

The wee-little pug-nosed beastie you see here is the brand-new Citroen Oli concept, and it's not like other cars. You see, most vehicles are made from stampings of steel and aluminum. A few, like the Chevy Corvette, have bodies formed out of fiberglass, the DeLorean was famously stamped from stainless steel and the former East German Trabant was fashioned out of something called Duroplast, which is sort of like Formica. The Citroen Oli is "made from recycled corrugated cardboard formed into a honeycomb sandwich structure between fiberglass reinforcing panels." We know what you're thinking, because it's the first thing we thought too. How can cardboard stand up to the weather, impacts and stresses that cars will undoubtedly have to contend with? The quirky French automaker has answers. Citroen partnered with BASF to design the material, and it's coated in a kind of resin, then covered in a protective layer of a "tough, textured" product called Elastocoat that's often used in parking garage construction, and finally painted. Bumpers are formed from polypropylene plastic containing 50% recycled materials, and the wheel arches are recyclable plastic, too. Why go to such trouble to use this material instead of just relying on time-tested metals? Citroen says the panels are strong enough for an adult to stand on them, 50% lighter than steel and fully recyclable (to be fair, steel and aluminum are also commonly recycled). The emphasis on weight savings continues throughout the Oli's design. The body panels are all either perfectly horizontal or vertical, simplifying construction and reducing weight. Even the windshield is perfectly vertical, which again reduces weight and cost. That all maximizes interior space, too — there's a reason boxes are square, after all. Speaking of the interior, you'll notice there aren't any screens. With all this talk of unique construction methods and design, we've not yet talked about propulsion. As you'd expect, the Oli is electric, but we don't know much past that. With its comparatively small 40kWh battery pack, it can travel up to 248 miles, though we're not sure on what testing regimen. Its top speed is capped at 68 miles per hour, which is a clear indicator that this machine is designed primarily for urban and small-town rural use, not long stretches of highway. Citroen claims a charge from 20% to 80% takes just 23 minutes, though the actual charging specifications aren't known.

Stellantis says electrification is killing the affordable car

Stellantis-owned Citroen is worried that electrification is making it difficult for motorists to buy an affordable car by driving prices up. One of the company's top executives said this trend is "a real threat," and his comments were echoed by the group's chief manufacturing officer. "It's really a threat that the electrification has increased the price of the car so much that people can't afford cars anymore. It's a real threat, not only regarding Citroen, so we're increasingly conscious of that and are working on this," explained Arnaud Ribault, the head of Citroen's European division, in an interview with British magazine Autocar. Going hybrid (and especially electric) threatens to drive some buyers out of the new car market for several reasons. One is that the cost of the raw materials needed to build a hybrid or an electric car tends to be higher than the cost of the raw materials required to make a comparable gasoline- or diesel-powered model. For context, the Citroen C4 (a crossover with a fastback-like roof line; pictured) starts at 22,900 euros with a gasoline-burning three-cylinder engine and 35,300 euros with an electric powertrain, figures that represent about $23,900 and $36,800, respectively. That's a huge difference, even when the EV's longer list of standard features gets factored in. On our side of the pond, the 2022 Hyundai Kona carries a base price of $21,300 with a 2.0-liter four-cylinder engine between its fenders and $34,000 with a battery under its passenger compartment. Government incentives help narrow the gap, and the electric variant is better equipped than its gasoline-sipping counterpart, but these points don't matter to someone with a budget of $25,000, for example. Another issue, one that's more prevalent in Europe than in the United States, is that it's becoming increasingly expensive for companies to keep cheap gasoline-powered cars compliant with regulations that get stricter on a regular basis. Someone buying, say, an Audi A8 can absorb the cost of the extra equipment, but a buyer in the market for an entry-level model (like the tiny Citroen C1) very likely can't. This gives carmakers two basic options: take the financial hit and reduce a profit margin that's already wafer-thin, or pass the cost onto the buyer and watch sales plummet accordingly.

Citroen C4 X is 50% crossover, 50% sedan, and 100% weird

Citroen isn't done spreading eccentricity across its lineup. After releasing a segment-defying flagship called C5 X and an entry-level model named Ami that's smaller than a Smart ForTwo, the Paris-based company unveiled the mid-range C4 X that's half sedan and half crossover. We didn't see this one coming: it wasn't announced, endlessly teased, or even previewed by a concept car. It simply landed, and it's a sight to behold. Stretching about 181 inches long, the C4 X shares its CMP platform with numerous other cars in the Stellantis portfolio, including the Peugeot 208 and the Opel Mokka. The front end falls in line with Citroen's current design language and the back end isn't too far from it, but it's the full package that's intriguing here: the C4 X features the proportions of a sedan with the ground clearance of a crossover. Is that a good or a bad thing? You tell us. Citroen stresses that "many customers" have said they want something like it. Other companies have tried this concept, including AMC with the Eagle, but it has never really caught on. Time will tell if Citroen has cracked the code. The interior is more conventional than the exterior. Step inside and you'll find seats designed with a clear emphasis on comfort ("occupants can expect to feel like they're sitting in a snug armchair," according to the French company), a minimalist dashboard design, and the My Citroen Drive Plus infotainment system displayed on a 10-inch touchscreen. Designers gave the sedan, assuming that's what you want to classify it as, a regular trunk lid rather than a hatch but cargo space nonetheless checks in at reasonably generous 18 cubic feet. Globally, the palette of available engines includes a turbodiesel four-cylinder tuned to develop 130 horsepower and bolted to an eight-speed automatic transmission and a 1.2-liter turbocharged three-cylinder gasoline-powered unit offered with 100 or 130 horsepower. The triple can be linked to either a six-speed manual or an eight-speed automatic, and front-wheel-drive is the only configuration available. Citroen will also make an electric powertrain with 136 horsepower and up to 224 miles of driving range available — some countries will only get the EV. Built in Madrid, Spain, the Citroen C4 X will reach showrooms across Europe in the fall of 2022. Pricing hasn't been announced yet. Related Video Featured Gallery 2022 Citroen C4 X, official images View 23 Photos Citroen Crossover Sedan

How good would this look as a Dodge? New Peugeot 408 is a cool EV crossover coupe

Americans have long lusted after the forbidden fruits of the automotive markets: Vehicles offered elsewhere but not sold here in the United States. When Fiat Chrysler Automobiles, former parent to Jeep, Chrysler, Dodge, and others, joined forces with PSA (Peugeot and others), there was hope that Americans could get hold of some quirky French cars as part of the deal. That hasn’t happened, at least not yet. As it turns out, Europeans get just as many boring crossovers as we do, though Peugeot thinks it has a solution with the new 408, an aerodynamic compact crossover with style for days. While we seriously doubt a rebadged 408 would ever show up on our shores, it's easy to imagine how a vehicle looking something like this on the same electrified platform could spawn a viable product for the American market. Squint a bit and "new electric Dodge Intrepid" comes to mind.  Perhaps it shouldn't be surprising that France would come out with a new vehicle that seems well-matched to the American market. Utility vehicles made up 46% of new vehicle sales in France in May, matching the sales numbers of sedans in the country. PeugeotÂ’s banking on the fact that many people want the space and usability of a compact SUV but tire of the styling and ubiquity of the vehicle type. The fastback shape provides a more dramatic design look without completely sacrificing the characteristics that make SUVs so popular.  Peugeot offers a traditional SUV in the 3008, but the 408 is sleeker and more aerodynamic. The automaker says that the 408 “offers a feline stance and unique allure, engineering excellence focused on efficiency and intelligent electrification, as well as the emotions provided by cutting-edge technologies dedicated to driving pleasure and instinctive use." Two plug-in hybrid powertrains will be offered first, producing 180 and 225 horsepower. A standard gas model will also be available with a 130-horsepower engine. All variants get an eight-speed gearbox, and Peugeot says an electric model will come later. No Stellantis brand in the United States currently offers a purely electric vehicle.  Peugeot will build the 408 at its plant in Mulhouse, France, for the European market. The vehicle will go on sale early in 2023 and will later become available in China. Related video: Featured Gallery 2023 Peugeot 408 Green Green Dodge Citroen Crossover Future Vehicles

Mon dieu! Citroen My Ami Buggy EV sells out in 18 minutes

PARIS (Reuters) - A limited edition of 50 Citroen Ami mini electric cars sold out in less than 18 minutes, parent company Stellantis said on Wednesday, prompting the French brand to post a cheeky message to Tesla CEO Elon Musk. "Sorry Elon, the only way to get one is to buy us", Citroen wrote on a billboard at Paris' Gare de L'Est train station, referring to the Musk's appetite for deals, which has recently included a $44 billion bid for Twitter. Since the Ami's launch in April 2020, Citroen has sold 22,000 of the small electric model in Morocco, Europe and Turkey. The car is produced in Morocco and does not require a driver's license. It is only sold online. For the limited edition "My Ami Buggy" version, the roof is replaced with canvas that can be rolled back and metal tube gates replace the doors. It is sold from 9,790 euros ($10,361). "The fastest customer managed to complete the whole purchasing journey and get his 'My Ami Buggy' in only 2 minutes and 53 seconds," Citroen said in a statement. ($1 = 0.9449 euros) (Reporting by Gilles Guillaume; Writing by Dominique Vidalon; Editing by Mark Potter) Featured Gallery Citroen My Ami Buggy concept View 11 Photos Green Green Citroen Economy Cars Electric France

Citroen My Ami Buggy goes into limited production

Back in December, Citroen turned its tiny, low-speed electric Ami into a chunky little beach cruiser called the My Ami Buggy. It had fat tires and a bunch of off-road accessories that were probably more form than function, but it was a fun and funky little thing. Apparently a lot of people agreed and Citroen has made the decision to actually bring the My Ami Buggy to reality, though in extremely limited numbers. Like the concept, the My Ami Buggy features unique khaki-tinted plastic body panels. It also picks up a variety of exterior panels from higher trim Pop and Vibe variants, such as the bumpers, wheel arches, rear spoiler and such. There are also other concept-inspired touches such as the lime-yellow accents and arrows and contrasting black roof. Some things did change in the shift to production. Instead of no doors, the production model gets tube doors, like you'd find on many modded Jeep Wranglers. The extra fat tires and tiny wheels give way to more practical larger wheels and conventional tires. The wheels look great, though, in their khaki gold color and black center caps. There isn't a roof rack or auxiliary lights anymore, but the trade-off is that the My Ami Buggy gets a canvas roll-back roof for even greater open-air enjoyment. The inside of the My Ami Buggy features black fabric upholstery along with lime-yellow stitching and other accents, plus a few interior storage options. The floor mats continue the color scheme. And like all special editions, this car will get special badges and plates, one of which has possibly the best phrasing ever: "My Ami Buggy ULTRA SPECIAL LIMITED EDITION." Only 50 of the buggies will be built, and all of them will be sold in France. Pricing hasn't been set, but this is one ultra-limited edition car that will probably be affordable. After all, the base Ami starts at less than $10,000. If you happen to live in France and want to get one, they go on sale online on July 21 with deliveries starting on August 8. Related video: You Can Drive This 1 Horsepower Car On The Road Without A License | The List

Here's your chance to bid on a rare Chapron-bodied 1969 Citroen DS

Citroen's palatial DS has become a sought-after classic, but auction house Bonhams is preparing to sell one that makes the regular sedan look a little mundane. Up for grabs with no reserve is a rare 1969 DS 21 that was rebodied into a stately limousine by coachbuilder Chapron. Assigned chassis number 4637101, the DS 21 scheduled to cross the auction block is one of 27 Majesty models built by Paris-based Chapron and one of three equipped with directional headlights, which were a real novelty in the late 1960s. While the DS was positioned as Citroen's range-topping sedan from 1955 to 1975, the coachbuilder took luxury to the next level by giving the Majesty a more upright C-pillar that cleared up additional space for the passengers riding in the back, a more angular-looking rear end, and a more upmarket interior. Majesty models also featured specific trim inside and out (the chrome strips on the fenders and on the front doors were notably not fitted to the regular-production DS) and a handful of subtle Chapron emblems. Pricing varied from car to car, but the Majesty wasn't cheap. It was created largely for heads of state and other money-no-object dignitaries, it was built almost entirely by hand, and it was priced accordingly. Finished in Midnight Blue, the example offered by Bonhams was fully restored in the 2000s. But it has been stored since the current owner purchased it at Retromobile in 2009, so it needs a full tune-up — at the very least. Like every DS built, the Majesty was fitted with a hydropneumatic suspension system that (we say this from experience) doesn't like to sit for an extended period of time. Parts are readily available, and the system isn't nearly as daunting to work on as it sounds, so getting it back on the road should be easier than it sounds. Bonhams is offering this Majesty with no reserve, meaning the highest bidder will take it home. It expects the sedan to sell for anywhere between 50,000 and 100,000 Swiss francs, excluding auction-related fees, figures that represent about $50,200 and $100,300, respectively. If this looks like the project that you've been waiting for, mark your calendar for July 3 — that's when this car will cross the block in Gstaad, Switzerland. Collectors who would rather enjoy a bidding war from the comfort of their couch can register to bid online.