1972 Lancia Fulvia 1.3s 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

Here are all the vehicles sold by the 12 brands of the Fiat Chrysler PSA merger

Sven Gustafson and Ronan Glon contributed to this report. Whether or not the formal merger between Italian-American automaker Fiat Chrysler and European conglomerate PSA Group means the return of Peugeot to the U.S., one thing’s for certain: The combined company will have a truckload of different brands. Sorting out what the deal means for all of them, including where they are sold and built, and whether and where there is product overlap, will be a key question for the two companies as they formalize the merger over the next 12 to 15 months. So far, both sides have steadfastly insisted that no job cuts or plant closures will result from the tie-up. WeÂ’ll see about that. In the meantime, weÂ’ve compiled an alphabetical list of all the vehicles currently sold in Europe and in North America by the various FCA and PSA brands, along with the years they debuted. We've gone into more detail about the European vehicles you might be less familiar with. The joint empire also has an antique store's worth of heritage-laced models and dormant brands, like Plymouth, Imperial, Simca, and Panhard, and it would have been even bigger had FCA not spun off Ferrari in early 2016. Alfa Romeo A legacy Italian sports car brand with roots in racing, Alfa Romeo has been struggling with declining U.S. sales. Giulia (2015): AlfaÂ’s rear-wheel drive sports sedan competes against German luxury sedans in North America and Europe. 4C (2013): The lightweight mid-engine rear-wheel-drive sports car is being phased out. Stelvio (2016): The Stelvio is a small luxury performance crossover that competes against the likes of the Porsche Macan and BMW X3 and is sold in both Europe and North America. Giulietta (2010): Sold in Europe, this compact hatchback is AlfaÂ’s entry-level model. After initially planning a rear-wheel drive 2020 update, the Giulietta is reportedly being nixed as part of FCAÂ’s latest product plans.   Chrysler Despite lending its name to its parent company, questions abound about the future of this legendary but faded brand, which is not offered in Europe. 300 (2011): Despite rumors of its pending demise, the four-door sedan lives on mostly unchanged for the 2020 model year, at least. Pacifica (2016): The successor to the Town & Country is ChryslerÂ’s bestselling model by a long shot and comes in gas-only and plug-in hybrid versions. Voyager (2019): ChryslerÂ’s newest minivan launches as its entry-level minivan for the 2020 model year.