2023 Maserati Levante Modena on 2040-cars

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Maserati confirms Ghibli hybrid, second SUV

Maserati is sitting out the 2020 Geneva auto show, but that doesn't mean it has nothing to announce. It's working on overhauling its range with new models, including a second SUV, and electrified technology. The Italian company confirmed earlier rumors claiming it will introduce a hybrid version of the Ghibli, its entry-level sedan, in 2020. There's no word yet on when the car will make its debut, though previous reports tentatively point to an unveiling at the biennial Beijing auto show. Work on what Maserati refers to as its super-sports car continues, and the model (pictured as a test mule) will spawn a battery-electric variant that will sound as awesome as it will look. It's scheduled to make its public debut at a standalone event penciled in for May of 2020. An ˆ800-million (about $870-million) investment will allow Maserati to build a second SUV, which hasn't been unveiled yet, in its Cassino, Italy, factory. The last product plan published by the brand positioned the yet-unnamed model below the Levante. The first pre-production cars will roll off a new production line by 2021, meaning we're likely to see it in the metal in the coming year. It might not arrive in American showrooms until the 2022 model year, however. When it does, Maserati predicts the model will play a leading role in its turnaround. Finally, an additional ˆ800 million investment will help prepare the historic Mirafiori, Italy, factory to build the next-generation GranCabrio and GranTurismo. They'll take Maserati into the electric car segment for the first time.  These sizeable investment will ensure every upcoming addition to the Maserati range will be developed and built in Italy. The announcement still leaves plenty of questions, but it points to a line-up that will look completely different in 2024 than it does in 2020, and that's good news for fans of horsepower with an Italian flair.

Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

Maserati teases MC20 Cielo debut for May 25

A while back, Maserati's product roadmap penciled in an MC20 Spider to hit the market this year. In December 2021, the Modena automaker teased frontal views of the droptop supercar wearing camouflage full of fluffy clouds. In a series of Instagram posts over the last week, Maserati posted photos from the point of view of someone with an uninterrupted view skyward — the same kind of view one would experience in a convertible, say. One of the captions was, "You will admire the sky in a new way on Wednesday 25 May." That will be the reveal date for what the automaker is now calling the Maserati MC20 Cielo, with that last word being Italian for "sky." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Since we got no views of the rear of the camouflaged car, we have no idea what design changes we'll see in a little more than a week. Looking closely at the photos of the camouflaged prototype, it's clear there's are temporary panels between behind the B-pillar all the way to the decklid spoiler. An odd feature on the prototype is a trio of ribs running from the A-pillar to the rear of the car, with the middle protrusion looking like a papered-over roof scoop. That seems like a lot of work to hide a form we're already familiar with, and a convertible mechanism we don't expect to hold any surprises, so we'll see what we see on May 25. Maserati's usual Spider formula hasn't traditionally altered a car's underpinnings, so the same carbon fiber monocoque should come bolted to the same 3.0-liter twin-turbocharged V6 making 621 horsepower and 538 pound-feet of torque. The skylight does traditionally jack up the price, so expect to pay more than the coupe's $210,000 MSRP. We figure the model will arrive in showrooms late this year at the earliest, an appearance in the U.S. likely in 2023. After this, we know there's an even more powerful electric version on the way that will be the flagship of the range. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Maserati MC20 supercar plays in the snow