1994 Lancia Delta Evolution 2 on 2040-cars

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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.

Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out

Stellantis wants to outfit cars with AI software to drive revenue

MILAN — Carmaker Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030. CEO Carlos Tavares heralded the move as part of a strategy that would transform the car company into a “sustainable mobility tech company,” with business growth coming from features and services tied to the internet. That includes using voice commands to activate navigation, make payments and order products online. The company is expanding existing partnerships with BMW on partially automated driving, iPhone manufacturer Foxconn on customized cockpits and Waymo to push their autonomous driving work into light commercial vehicle delivery fleets. StellantisÂ’ embrace of artificial intelligence and expansion of software-enabled vehicles is part of a broad transformation in the auto industry, with a race toward more fully electric and hybrid propulsion systems, more autonomous driving features and increased connectivity in automobiles. Ford and General Motors also are banking on dramatically increased revenue from similar online subscription services. But the automakers face immense competition for monthly consumer spending from movie and music streaming services, news outlets, Amazon Prime and others. Stellantis, which was formed from the combination of PSA Peugeot and FCA Fiat Chrysler, said the software would seamlessly integrate into customers' lives, with the capability of live updates providing upgraded services over time. New products will include the possibility to subscribe to automated driving features, purchase usage-based car insurance or even increase the power of the vehicle with a tune-up to add horsepower. As a baseline, Stellantis generates 400 million euros in revenue on software-generated services installed in 12 million vehicles. To meet the targets, Stellantis will expand its software engineering team of 1,000 to 4,500 in North America, Asia and Europe. More than 1,000 of the expanded team will be retrained in house. Stellantis also announced a new partnership with Foxconn to develop semiconductors to cover 80% of the companyÂ’s needs and simplify the supply chain. The first microchips from the partnership are targeted to be installed in vehicles in 2024.