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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

The troubled Alfa Romeo Giulia needs serious help [UPDATE]

UPDATE: An Alfa Romeo US spokesman responded to this article with the following statement: The safety concerns expressed in the story are false. The all-new 2017 Alfa Romeo Giulia is designed and engineered to meet or exceed all federal safety regulations. The Alfa Romeo Giulia will begin production for the North American market in the late second-quarter of this year. Alfa Romeo will have a full product portfolio of premium vehicles that includes plans for (8) all-new Alfa Romeo vehicles by 2020. The product launches are prioritized by segment volumes starting this year with the Alfa Romeo Giulia production for North America starting in late Q2, followed by the Midsize-UV – the 2nd largest premium segment in North America. Even on the day you dragged them kicking and screaming and gesticulating wildly to a table full of concrete evidence, Alfa Romeo executives will never admit the Giulia program is going through a tough patch. But it is. Reports say the Giulia, on the eve of production, didn't just fail one internal crash test, but failed the front, side and rear impact tests. Alfa denies it. Automotive News published a report last week saying two suppliers had insisted the Giulia, on the eve of production, didn't just fail one internal crash test, but failed the front-, side-, and rear-impact tests. A third supplier source told us the same thing. Alfa is denying it. It was due on sale in Europe late last year and was supposed to be here in the next month or two. But it wasn't, and it won't. It was to be headlined by a twin-turbo V6 that reportedly howled its way around the Nurburgring 14 seconds faster than the BMW M3 could manage. That second part is only true if you believe it's fair to compare a full lap in a standard BMW M3 with a favorable accumulation of sector times to a development prototype Giulia with 220 pounds stripped out of it and rolling on hand-cut racing slicks. No, me neither. A Promising Start The Giulia's all-new architecture was developed in just two years by a skunkworks of young engineers headed by Fiat's engineering prince, Philippe Krief, and (bafflingly) sited inside Maserati's headquarters complex in Modena, about three hours from Alfa Romeo's own Turin HQ.

Ferrari Enzo split in half in crash could sell for millions

The 2004 Ferrari Enzo you see here is quite unlike any other. You see, back in 2006, tech entrepreneur Stefan Eriksson famously sliced this Enzo in half when he hit a pole along the Pacific Coast Highway while allegedly speeding at around 160 miles per hour (as you can see in the image below). And now you can bid to own it. RM Sotheby's will auction the infamous supercar in Paris on February 3. The supercar carries an estimate of between 1.5 million and 2 million euros ($1.6 million to $2.2 million at current rates). Eriksson initially claimed that a buddy was driving when the accident happened but eventually came clean. The authorities charged Eriksson with nine offenses, including grand theft, drunk driving, embezzlement, and illegal gun possession. He was later sentenced to three years in prison. Despite the horrendous damage, Eriksson's Enzo has survived. According to RM Sotheby's auction description, the Ferrari Technical Assistance Service rebuilt the car and added satellite navigation, a Bose stereo, reverse camera, power windows, and a subtle carbon fiber rear spoiler. The team also repainted the exterior in a beautiful shade called Nero Daytona and installed a Rosso interior, which replaced the original combo of Rosso Corsa on the outside and Nero inside. The car has covered 2,500 kilometers (1,553 miles) and remained in Europe since it was rebuilt from the untimely accident. The car also comes certified by Ferrari Classiche to confirm its authenticity. The Enzo is a special vehicle even without this one's great story, representing as it does a big leap forward for modern supercars. A 6.0-liter V12 with 660 horsepower sits behind the driver, and a six-speed sequential gearbox gets the power down. We can't wait to see what this interesting example brings at auction. PARIS 3 February 2016 Lot 138 2004 Ferrari Enzo Chassis no. ZFFCZ56B000135564 Engine no. 080164 Assembly no. 52696 ˆ1.500.000 - ˆ2.000.000 To be auctioned on Wednesday, February 3, 2016 Documents: French Certificat d'Immatriculation 660 bhp, 5,998 cc DOHC 65-degree V-12 engine with Bosch Motronic engine management and electronic fuel injection, six-speed electro-hydraulic computer-controlled sequential F1 transmission, limited-slip differential and traction control, front and rear pushrod-actuated double wishbones with horizontal external reservoir coil-spring damper units, and four-wheel ventilated carbon-ceramic disc brakes.