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Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.

Lancia Ypsilon HF gets back to brand's rally racer heritage

At the end of 1992, Lancia walked away from the Martini-sponsored Delta HF Integrale 8V race car and the World Rally Championship a winner, drivers Juha Kankkunen and Didier Auriol delivering the Constructor's Championship. We haven't seen a racy factory-backed Lancia since, nor one that races. The dry spell is over, the Italians unveiling their new Ypsilon HF, the hot-hatch version of the standard Ypsilon, and a motorsports version for FIA Group Rally4. Starting with the street car, it gets the powertrain shared with the Alfa Romeo Junior Veloce, a single electric motor turning the front axle. Instead of the e-motor making 154 horsepower as in the standard Ypsilon, the Ypsilon HF makes 237 hp, shortening the dash to 62 miles per hour to 5.8 seconds, which is 2.9 seconds quicker than the plain Ypsilon.  Handling credentials get upgraded with a wider track and lowered suspension. The package is made to look the part with a sharper front fascia, the much larger lower intake bearing the HF logo and the side intakes getting black underlining. We haven't been given a view of the rear, but we expect there are flourishes there as well, perhaps even the large black bumper seen on the rally racer. A set of six-spoke wheels complete the attitude adjustment.     Because the World Rally Championship hasn't gone electric yet — and gave up on hybrids after just three years — the Ypsilon Rally 4 HF slides a 1.2-liter three-cylinder gas-powered mill up front. That engine sends 209 hp to the front wheels through a five-speed transmission and a limited-slip differential. A pair of hood scoops aid engine cooling, a roof scoop at the top of the windshield does the same for driver and co-driver. The white, 15-spoke wheels look back to the multi-spoke wheels on the Delta Integrale, and we'll be looking to the start line next year to see if the real racer gets Martini sponsorship. The way Lancia worded its press release, we suspect the Rally 4 car will also be pitched to privateers as "a serious candidate for drivers aspiring to victory in the R4 class and in the two-wheel drive championships." These two cars set the template for future HF makeovers already promised for the eventual Gamma crossover and reborn electric Delta. Another question we have, especially now that hybrids are taking the fore, is whether the Ypsilon with the mild-hybrid powertrain has a chance of getting the HF treatment.

Lancia concepts sweep Stellantis Drive for Design contest

Stellantis describes is annual Drive for Design contest as "an opportunity for high school students to win fabulous prizes while learning about exciting career opportunities in automotive design." Winners not only get gear like a Wacom MobileStudio Pro 16, they're eligible for summer internships in one of Stellantis' design studios. For the last two years of the contest, Rocco Morales won first prize — last year with his Ram Stadion concept, and in 2022 with his Chrysler Helios concept — and that was after coming second in 2021 with his Jeep Crazy Horse concept. With Morales having graduated, aging out of the entry pool, Rohan Sieber could be the next in the repeat winner's circle. Sieber, a junior in Portola, California, won the 2024 Drive for Design challenge. Students were asked to create a fresh concept for any of Stellantis' global brands. Everyone who made the podium chose to create a fictional Lancia. Sieber's entry is the Lancia Zero, "an electric sports car concept inspired by Lancia's legacy of radical design and legendary performance" that reworks the philosophy of the Stratos HF Zero. A junior this year, Sieber has a chance to replicate Morales' record if he enters and wins next year. Second place went to Ryan Panizzoli, a sophomore out of Plymouth, Michigan. The single image provided doesn't put a name to his Lancia creation, but tiny captions indicate a slide-out module in the rear that contains a cooking station.   Owen Bronson of Canton, Michigan claimed third place with this Lancia Pugnale concept, explicitly called a "modern interpretation of the 1970 Lancia Stratos Zero HF Concept." Bronson kept more of the original than Sieber, and included the same kinds of cues that the actual Lancia brand applied to its Pu+Ra Zero and Pu+Ra HPE concepts that previewed future styling for the reborn automaker, like the Ypsilon lighting signature in front, the circular aperture on the roof, and the twin taillights.   The second- and third-place finishers get an Apple iPad Pro and Apple Pencil, a chance to network virtually with the Stellantis Design Team, a scholarship for a four-week summer program at Detroit's College for Creative Studies, and because they're Michigan locals, an invitation to be a Student Judge at the EyesOn Design at Ford House car show in Grosse Pointe, Michigan in June. Congratulations to all three of this year's winners. Design/Style Lancia Stellantis

New electric Ypsilon city car is Lancia's last bid for relevance

Stellantis-owned Lancia has unveiled its first new model in well over a decade. Offered only with an electric drivetrain, the new Ypsilon is a small, premium four-door hatchback developed to make the 118-year-old Italian brand relevant again after an extended period of decline. We shouldn't be writing this story, because Lancia shouldn't be around to release a new Ypsilon. Sergio Marchionne, the CEO of Fiat-Chrysler Automobiles until his death in 2018, planned to close the brand. It was too small, too heavily reliant on the European market, and ultimately more of a burden than anything else. He executed his plan gradually: first, he tried giving Lancia a handful of Chrysler models to sell in Europe, which didn't work. Then, he gradually pulled the plug on Lancia's range and foreign operations, leaving the company with a single model (the last-generation Ypsilon) to sell in a single country (Italy). Rewind to the 1990s, and that's exactly how Autobianchi shut down. History didn't repeat itself this time. Stellantis executives decided to give every brand in the group a chance to prove why it deserves to exist. The third-generation Ypsilon (we're counting the Y launched in 1995 as the original) is Lancia's first argument. Having access to its parent company's parts bin helped keep development costs in check, and the hatchback shares its Common Modular Platform (CMP) with other small hatchbacks you'll see meandering across Europe such as the Peugeot 208 and the Opel Corsa. Visually, it borrows a handful of styling cues from the Pu+Ra HPE concept unveiled in 2023, like low-mounted headlights and three thin strips of LEDs on the front end. Out back, you'll find a pair of round headlights ostensibly inspired by the ones fitted to the Stratos, a coupe that cemented Lancia's reputation as a force to reckon with in the World Rally Championship (WRC) during the 1970s. That's as much of Lancia's rallying heritage the brand chose to channel, however. Instead, it's highlighting the upmarket chapter of its history: for decades, the brand was associated with luxury rather than with performance. Italian presidents rolled around in purpose-built Flaminia sedans in the 1960s. Rallying was the brand's claim to fame in the 1970s and the 1980s, and Lancia unceremoniously became associated with badge-engineering during the 1990s. This is where its decline began. The new Ypsilon's job is to reverse it by giving buyers a more stylish alternative to, say, the 208 it's based on.

All-new Lancia Ypsilon teased, and this one's not dripping wet

The last time we wrote about the coming all-new Lancia Ypsilon, the French authorities were fishing a pre-production prototype out of a canal. Although the hatchback had been ditched (canal'ed?) near a Peugeot factory, later reporting indicated (translated) the car had been stolen a month earlier near a Stellantis factory in Spain. Recent teases from Lancia aim to put a more attractive wheel forward, the automaker wanting to make the most of what will be an very important offering. This will be the first new Ypsilon since 2011, the first public step in the company's 10-year Renaissance Plan, pathway to a new battery-electric Lancia flagship in 2026 and an electric Delta revival in 2028. The teaser model comes from Lancia's partnership with Italian furniture company Cassina, one of the initial Ypsilon trims reported to be an Edizione Limitata Cassina restricted to 1,906 numbered units, that number honoring the carmaker's founding in 1906. The official shots go big on classic Lancia elegance while referring to the Pu+Ra HPE concept the brand revealed in April 2023 as a design touchstone. There's going to be some intriguing tech as well, one of the shots centered on a glowing blue disc that could sit above the infotainment screen. The word "SALA," also glowing blue on the disc, is Italian for "living room" but signifies Lancia's tech interface, an initialism for Sound, Air, Light, and Augmentation. The in-car assistant is programmed to "centralize the audio, climate control and lighting functions, enabling the environment inside the car to be adapted at the touch of a button or by the sound of your voice." The Ypsilon also brings Stellantis' TAPE, which stands for Tailored Predictive Experiences. This dresses the cabin ambience in one of three modes: Immersive, Wellbeing, and Entertainment.  The Pu+Ra HPE concept went beyond traditional elegance, and it seems the Ypsilon will, too. Instagram user gaetanogiordano63 posted clipped images of the front and back of what looks like an early production model in white. Even though we've seen most of the Ypsilon already, from the canal images, we're surprised by the vastly different impression these spy shots make on us.           View this post on Instagram                       A post shared by Gaetano Giordano (@gaetanogiordano63) More complete answers are on the way shortly, Lancia planning to debut the new crossover in February in battery-electric trim.

Drive like a prince: Join us for a walk through Monaco's car collection

Small, crowded, and a royal pain in the trunk lid to drive into during rush hour, Monaco sounds like an improbable location for a huge car museum. And yet, this tiny city-state has been closely linked to car culture for over a century. It hosts two major racing events every year, many of its residents would qualify for a frequent shopper card if Rolls-Royce issued one, and Prince Rainier III began assembling a collection of cars in the late 1950s. He opened his collection to the public in 1993 and the museum quickly turned into a popular tourist attraction. The collection continued to grow after his death in April 2005; it moved to a new facility located right on Hercules Port in July 2022. Monaco being Monaco, you'd expect to walk into a room full of the latest, shiniest, and most powerful supercars ever to shred a tire. That's not the case: while there is no shortage of high-horsepower machines, the first cars you see after paying ˆ10 (approximately $11) to get in are pre-war models. In that era, the template for the car as we know it in 2023 hadn't been created, so an eclectic assortment of expensive and dauntingly experimental machines roamed whatever roads were available to them. One is the Leyat Helica, which was built in France in 1921 with a 1.2-liter air-cooled flat-twin sourced from the world of aviation. Fittingly, the two-cylinder spun a massive, plane-like propeller. Government vehicles get a special spot in the museum. They range from a Cadillac Series 6700 with an amusing blend of period-correct French-market yellow headlights and massive fins to a 2011 Lexus LS 600h with a custom-made transparent roof panel that was built by Belgian coachbuilder Carat Duchatelet for Prince Albert II's wedding. Here's where it all gets a little weird: you've got a 1952 Austin FX3, a Ghia-bodied 1959 Fiat 500 Jolly, a 1960 BMW Isetta, and a 1971 Lotus Seven. That has to be someone's idea of a perfect four-car garage.  One of the most significant cars in the collection lurks in the far corner of the main hall, which is located a level below the entrance. At first glance, it's a kitted-out Renault 4CV with auxiliary lights, a racing number on the front end, and a period-correct registration number issued in the Bouches-du-Rhone department of France. It doesn't look all that different than the later, unmodified 4CV parked right next to it. Here's what's special about it: this is one of the small handful of Type 1063 models built by Renault for competition.

A presumably stolen Lancia Ypsilon prototype is pulled from a canal in France

Lancia is a long way from its heyday. The Italian automaker’s time in motorsport is far behind it, and its business efforts have been reduced to a single model sold only in Italy. ThatÂ’s changing, at least according to company officials, as the automaker is gearing up to release a few new vehicles in the coming years, starting with an updated electric Ypsilon. Though itÂ’s not due to be revealed for a few more months, a Ypsilon prototype recently made news after it was presumably stolen and crashed into a river in France. ? FUITE ! Voici la future Lancia Ypsilon dans des conditions tres particulieres. ?? Ce prototype sans camouflage a ete repeche a Montbeliard, non loin de lÂ’usine Stellantis, et selon lÂ’Est Republicain, il sÂ’agirait dÂ’un vol. Cependant, rien nÂ’a ete confirme.#Lancia #Ypsilon pic.twitter.com/mxNmIWJ9hL — Le Rendez-Vous AutoÂ’ (@lerdvauto) December 12, 2023 Officials havenÂ’t handed out many details but said that firefighters arrived on the scene to find the white hatchback submerged in a canal near Rue du Port, near the local Stellantis factory. No victims or other wreckage was found, and the team lifted the car out of the canal by crane. While a presumably stolen prototype is interesting on its own, the secondary story here is that this is likely the best look anyone outside of Lancia has had at the new car. Every image seen to date has been of a heavily camouflaged car with hard-to-discern lines and details. We can see the rear door handles in the C-pillar and unique design elements that set it apart from the Opel Corsa upon which it is based. Though Lancia likely wishes firefighters had been more discreet in pulling the car out of the water, the automaker has an exciting few years ahead of it. After the new Ypsilon, Lancia said it would deliver a compact SUV in 2026, followed by another hatchback in 2028. It has also expressed plans to expand outside of its home market, Italy, to other European countries. The automaker may also expand to other continents, but itÂ’s unlikely Americans will see a Lancia on our streets anytime soon.

249 reasons you want to go to Goodwood Revival

At its most basic, Goodwood Revival is a long weekend worth of car races featuring cars made before 1970. There are lots of those, though, including some pretty great ones all over the world. But nothing is like Goodwood Revival because it's so much more than "just" vintage car racing.  First, you have to look the part. Attendees are strongly encouraged to dress in period clothing from the 1940s, 1950s and 1960s, with a strict dress code enforced should you want to enter the paddock. The goal is to create a more authentic atmosphere to match the cars and the meticulously restored and recreated paddocks, grandstands and other facilities of the reborn Goodwood circuit. Now, the dress code was relaxed this year since the Saturday was literally the hottest Sept. 9 on record in that part of England, and the organizers didn't want people dropping dead because they needed to wear an ascot. Some people definitely took the "relaxed" bit too far, but there was still plenty of atmosphere maintained. It really does make a big difference, as those "relaxed" individuals were often akin to seeing a Starbucks cup in a scene from "Game of Thrones."  You can see what I came up with below along with former Autoblog editor Reese Counts and various other Goodwood attendees. Second, there's the parking lot. But I'll let this entire separate post detail that. Third, there's the enormous carnival-like area featuring vintage-looking rides and various boutiques. Both of those are on the outside portion of the track, and honestly, you could easily just spend your entire day in the parking lot and carnival/shopping area without even crossing over into the circuit area. There you'll find more shops, food and drink opportunities, plus obviously, race car paddocks and the track itself.  Fourth, there are airplanes! I heard there are fewer than in the past, but they're there and they're cool. The Goodwood circuit started out life as the perimeter road around the World War II airfield RAF Westhampnett.  Fifth, with all of the above, Goodwood Revival really is fun for the whole family. It isn't just a bunch of old guys sitting around in lawn chairs. There are plenty of women and adorably dressed children, including babies in vintage prams. It's also not an event that's exclusively for the uber rich, even if they are certainly in full force given who has the sort of money needed to go vintage racing.

Historic cars — and a Spitfire fighter plane — go on sale in Britain

An assortment of somewhat eccentric but ultimately appealing vintage collectors’ machinery, topped by a 1983 Lancia Rally “Evoluzione” and featuring Porsches, Bugattis and even a Spitfire fighter plane from World War II, will go to auction in Britain next month. The event, organized by the Bonham/Cars auction organization and scheduled for September 9-10, is formally called the “Revival Sale,” to be held on the grounds of Goodwood, site of the famous track southwest of London. Cutting to the chase, hereÂ’s a look at some of the highlights noted by BonhamÂ’s that are expected to attract substantial bidsÂ…plus thereÂ’s the airplane as the cherry on top. —1973 3-liter Martini Racing Works Team Porsche Carrera RSR 'R7' Endurance Racing Coupe (estimated bid, $4.7 million to $7.25 million.). ThatÂ’s quite a name for quite a race car and a veteran of the 24 Hours of LeMans in 1973. The carÂ’s background goes back to the previous year, when Porsche launched its new 911 Carrera model with engine capacity raised from 2.4 liters to 2.7. A batch of 500 lightweight-bodied 911s was built to achieve governing-body sporting acceptance (homologation) of the new variant. Three versions were offered – the RS (RennSport), RST (touring) and the ultimate racing RSR, of which this 'R7' is one of only four such works team cars to have survived. ItÂ’s also one of only a few cars to wear the classic Martini Racing livery with its dark-blue and red striping upon a German-silver background.  —1967 Toyota 2000 GT (estimate: $835,000-$1.1 million) in Pegasus White is believed to be first acquired by the owner of Toyota Mozambique and was one of only two cars imported to the East African country. Known for its precise engineering and impeccable quality, this Japanese halo car was one of only 351 built in 1967-1970. Over the years, the GT's exterior and interior have been preserved and an engine rebuild was undertaken. It was awarded "Best in Show" at the London Concours in 2022. — 1986 Aston Martin Virage Coupe Prototype (estimate: $315,000 - $440,000). This is a two-door prototype of the company's mainstream model of the 1990s, the Virage. In 1990, the vendor received factory approval to strip down the chassis and rebuild it to his 6Â’3” height.

Battery fire destroys Lancia Delta Evo-e RX team cars, shuts down World RX event in UK

A battery fire has destroyed both of Speed ONE Racing's electric Lancia Delta World Rallycross cars, Carscoops reports. The two Lancia Delta Evo-e race cars were reportedly in the paddock at Lydden Hill Race Circuit in the UK on Friday morning when a fire originating in one of the cars' battery packs spread and consumed the team's road tent, taking both cars with it. The fire shut down the World Rallycross Championship event while race authorities attempted to ascertain the cause of the fire.            View this post on Instagram                       A post shared by Rallycross - all about it! (@_rallycross_) "Following a fire in the service area of the Special ONE Racing team at Lydden Hill Race Circuit in Kent, England today (Friday, 21 July), the FIA World Rallycross Championship races scheduled for tomorrow (Saturday, 22 July) will not take place while investigations continue regarding the cause of the fire," FIA World Rallycross's promoter said in a statement released Friday.  "The fire began just before 08:45, with fire crews working hard to bring it under control and extinguish it as swiftly as possible. Regrettably, the entire Special ONE Racing area was burnt down, including both of their RX1e cars. There were no injuries and no other racing cars were affected," the statement continued. "The venue was not open to the public as there was no track action scheduled for the day." The Lancia Delta Evo-e race car is built on the World RX series' spec battery-electric platform supplied by by Austrian firm Kreisel. Its twin motors produce a combined 671 horsepower and 649 pound-feet of torque. Everything built on top of that chassis is a pure Lancia throwback produced by Green Corp Konnection (GCK), which was responsible for the fenders and wings that make the car look the part. GCK says the race car will do zero to 62 miles per hour in 1.8 seconds.  Related Video Attend Rally School + Drive A Pro 2 Truck | The List