1973 Lancia Fulvia Low Miles Survivor. Collectors on 2040-cars

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Stellantis will give its brands 10 years to prove they deserve to live

Formed by the merger of PSA Peugeot-Citroen and Fiat-Chrysler Automobiles, Stellantis has 14 brands under its roof, a number that makes it one of the largest groups in the industry. Rumors claimed not every brand would survive, with Chrysler often earmarked to get axed, but the firm said it will give them all a chance to shine. "We're giving each (brand) a chance, giving each a time window of 10 years and giving funding for 10 years to do a core model strategy. The CEOs need to be clear in brand promise, customers, targets, and brand communications," announced Stellantis boss Carlos Tavares during the Financial Times' Future of the Car event. His comments confirm Chrysler fans and dealers don't need to worry about the future — at least not yet. And, against all odds, Lancia enthusiasts can breathe a sigh of relief, too. Former FCA head Sergio Marchionne warned of the brand's demise on several occasions. Alfa Romeo is safe for now, too, as is Vauxhall, which are basically just Opels sold in the United Kingdom with a different badge. The engagement made by Tavares also means Stellantis won't divest any of its brands to raise capital until at least 2031. It's now up to each executive team to make a case for the brand they run, an unusual survival-of-the-fittest strategy in an era when cutting costs is more common than spending cash. Diving into the vast Stellantis parts bin should help even the most troubled brands turn their fortunes around on a relatively tight budget. It seems likely that survive Chrysler will need to look beyond the 300 and the Pacifica/Voyager, the only models in its range, and completely reinvent its image, which is currently nebulous at best. Lancia, once the champion of luxury, performance, and innovation, faces the same challenge. It's not starting quite from scratch, it's relatively popular in its home country of Italy, but it will need to think globally and expand outside of the city car segment to survive. Featured Gallery 2020 Chrysler 300 View 24 Photos Chrysler Dodge Fiat Jeep RAM Citroen Lancia Opel Peugeot Vauxhall

Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG

Kimera EVO37 Martini 7 celebrates Martini Racing's seven WRC trophies

Two years ago, Kimera launched its EVO37, a modern and thoroughly gorgeous tribute to the 1983 Lancia 037 World Rally Championship car. When Kimera put its EVO37 on the start line of the Sardinia Rally last year, the coupe wore the same Martini Racing Team colors used by the 1983 car. This year, Kimera is using a different Martini Racing livery to debut an evolution of the Kimera EVO37 that's even closer to the original and celebrates the seven Lancia-powered Martini Racing Team World Rally Championship titles. The 037 won a single title, the last two-wheel-drive WRC entry to do so. The Lancia Delta S4 and its variations won the remainder. Company boss Luca Betti again worked with Miki Biasion, who won back-to-back WRC Driver's Championships piloting the Lancia Delta, and Lancia engineers of the time to lighten and sharpen the EVO37 into the Martini 7. Starting with the performance mods, the supercharged and turbocharged 2.1-liter four-cylinder now makes 550 horsepower instead of 505 hp, and 406 pound-feet of torque. Power heads to the rear axle via a standard manual or optional sequential transmission, but the gears have shorter, more rally-like ratios. Gawkers are invited to further appreciate what lies behind the cockpit thanks to the new quick-release lower bumper as was found on the Lancia 037 Evo 2. Undoing the clips shows quad pipes in a white ceramic coating matching the new paintwork that runs all the way up the exhaust runners. The new carbon fiber aero package adds intakes behind the front doors, vents on the tops of the fenders, and additional descending steps in the engine cover surround. The new wheels recall the Delta Evoluzione, as does the passenger compartment, now made entirely from carbon fiber and getting the car down to about 2,425 pounds. The seats are inspired by those in the Delta S4, trimmed in blue perforated Alcantara with red stitching that matches accents on the door cards and ceiling. The gauges glow in fluorescent orange, the buttons and knobs laid out just as they were in the 1983 Lancia 037. The pearl effect white Martini Racing Livery with blue, light blue, and red strips comes most resembles that of the special edition Lancia Delta Martini 5 and Martini 6 cars, produced in the early 1990s to celebrate the Delta's fifth and sixth WRC trophies.