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Stellantis to offer electric versions of most of its European lineup by 2025

Newly merged automaker conglomerate Stellantis will offer electric versions of almost all of its European lineup by 2025, it said on Thursday, as the auto industry faces regulatory pushes in Europe and China to accelerate the shift to zero-emission cars. Formed in January by the merger of France's PSA and Italian-American group Fiat Chrysler, Stellantis is the world’s fourth largest carmaker with 14 brands including Opel, Jeep, Ram and Maserati, and like its peers faces an investor community keen for a road map to an electric lineup to rival Tesla . Speaking during Stellantis' first annual shareholders meeting, Chief Executive Carlos Tavares said that in 2021 the carmaker expects sales of electrified vehicles — that is, both plug-in hybrids and fully electric models — to more than triple to over 400,000 units in 2021. By 2025, electrified vehicles should make up 38% of European sales, a huge jump from the 14% of sales it expects in 2021. Tavares said by 2030 electric models should make up 70% of European sales and 35% of U.S. sales. He said Stellantis will use four electric platforms for passenger vehicles across its 14-brand empire — small, medium and large sizes for cars, and "frame" for high-margin SUVs and pickup trucks. Sweden's Volvo said this month its lineup would be fully electric by 2030, and Ford Motor Co said in February its lineup in Europe would be too. BMW has said at least 50% of its car sales should be fully-electric models by 2030. Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales. Green Alfa Romeo Fiat Jeep Maserati Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid Stellantis

Fiat Chrysler pleads guilty to paying off Detroit union officials

DETROIT — Fiat Chrysler pleaded guilty to conspiracy Monday, admitting that it paid off leaders of the United Auto Workers to try to win concessions in negotiations covering thousands of factory workers. FCA's conviction follows a series of guilty pleas from UAW officials who were showered with more than $3.5 million in cash and items of value from a jointly run training center over an eight-year period. FCA stands for Fiat Chrysler Automobiles, which now is part of Stellantis, a company created by the merger of Fiat Chrysler and PSA Peugeot. “FCA violated federal labor law and undermined the collective bargaining process and the faith of the UAWÂ’s membership in their leaders,” said acting U.S. Attorney Saima Mohsin. The head of FCA labor relations, Al Iacobelli, executed the scheme with five UAW officials and a spouse, especially General Holiefield, who was a union vice president. He eliminated a $262,000 home mortgage in 2014 with training center money. Union officials used credit cards for spending sprees. “Your honor, we plead guilty,” FCA general counsel Chris Pardi told U.S. District Judge Paul Borman. Iacobelli was sentenced to 5 1/2 years in prison in 2018, but the sentence was recently reduced by 18 months due to his cooperation. Holiefield died in 2015; his wife pleaded guilty to a tax crime three years later. Holiefield's successor, Norwood Jewell, was sentenced to 15 months in prison. His plea deal listed $60,000 in meals and golf paid with training center credit cards. FCA will pay a $30 million fine to the government. An independent monitor will be appointed to oversee the end of the training center as well as handle other tasks. The government's investigation became public in 2017, but agents soon were uncovering other corruption at the UAW. Union dues were used to pay for golf, booze and vacation villas in California, and contractors were giving kickbacks for union business. Eleven officials have been convicted, including former presidents Gary Jones and Dennis Williams. They are awaiting their sentences in Detroit federal court. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Government/Legal UAW/Unions Chrysler Fiat

2023 Fiat Topolino unveiled as tiny, city-only electric runabout

Fiat took a trip to the heritage well to launch its own version of the quirky Citroen Ami unveiled in 2020. Called Topolino, the electric two-seater (it's not legally considered a car) shares its basic proportions with its French sibling but features a retro-inspired exterior design. The name wasn't chosen randomly: Topolino (which means "little mouse" in Italian) was the nickname given to the original 500 built between 1936 and 1955. The first-generation model's contribution to the project stops there. Designers instead drew inspiration from the second-generation 500 to differentiate the modern-day Topolino from the Citroen-branded model, and we'd argue the front end is even more retro than the new 500's. It's characterized by a pair of small, round lights, smaller turn signals, and a piece of trim shaped like a metal bumper. Thick ropes replace the doors while creating a visual link between the Topolino and the beach-friendly 500 Jolly and 600 Jolly built by Ghia, among other coachbuilders, from the 1950s to the 1970s. Fiat hasn't released photos of the back end yet, and it's keeping the interior under wraps for the time being. The seats look a lot like the Ami's, however, and we're expecting most of the interior changes will be trim-related. Similarly, the Italian brand isn't ready to publish technical specifications. For context, the 1,070-pound Ami measures 95 inches long, 55 inches wide, and 60 inches tall; it fits in the back of a Ford F-250 Super Duty equipped with the longer of the two available cargo boxes. Power comes from an electric motor that draws electricity from a 5.5-kilowatt-hour lithium-ion battery pack to make eight horsepower. Driving range checks in at about 45 miles, which underlines the model's positioning as a low-speed, city-only vehicle, and if you keep your foot down you'll eventually reach a top speed of 27.9 mph. These riding mower-like specifications place the Topolino in the quadricycle segment. Built in Morocco, the Fiat Topolino will go on sale in select markets in the coming months. Pricing hasn't been announced but it's of little interest to us, because nothing suggests this tiny EV will receive clearance to travel to the United States. Across the pond, it's reasonable to assume pricing will start in the vicinity of ˆ10,000 (about $10,700). Keep an eye out for it the next time you're on a Mediterranean island. Related video: This content is hosted by a third party. To view it, please update your privacy preferences.