1999 Mitsubishi Eclipse Gs Spyder Convertible on 2040-cars

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Slow Chinese market delays Maserati and Alfa Romeo models

We already told you that Alfa Romeo was delaying the Giulia sedan and an unnamed CUV, but now things are getting worse. According to Bloomberg, Maserati has delayed the Alfieri sports car. And it's all China's fault. The faltering Chinese domestic market, which is experiencing its slowest period of growth in nearly three decades, is forcing Fiat Chrysler to rethink its plans for its Italian models, Bloomberg reports. Rather than going for models that would likely be popular in China, including the Alfa CUV and a larger sedan, the company will shift its focus and bring out updated MiTo and Giulietta hatchbacks, both of which would play better in Europe, an unnamed source within FCA told Bloomberg. This news is notable because it shows that FCA boss Sergio Marchionne's ambitious product transformation is not progressing as smoothly as planned. In the MiTo's case, the company is willing to go back on its original strategy. The subcompact hatch wasn't supposed to survive beyond 2016, but Bloomberg is reporting an update is due by the middle of next year. As for Maserati, well, there's not much to say. The Alfieri was supposed to go on sale next year, and now it's not. There's no word on how (or even if) Maserati's priorities will shift to another vehicle, or if this is simply a matter of money being distributed away from one of FCA's brands and toward another. Related Video: News Source: BloombergImage Credit: Andy Wong / AP Alfa Romeo Maserati Sergio Marchionne FCA alfa romeo giulia alfa romeo mito alfa romeo giulietta maserati alfieri

Maserati electrified the new Grecale SUV, and it's the top performer

Maserati is going electric, first with the announcement of the GranTurismo Folgore, its first electrified performance car, and now with the reveal of the Grecale Folgore electric SUV. The brand announced the vehicle at the Shanghai Auto Show this week, along with the promise that all its models would offer electric options by 2025. The 550-horsepower electric SUV gets a dual-motor powertrain, which delivers 605 pound-feet of torque, and standard all-wheel drive. Maserati promises a range of around 311 miles (500km) and a top speed of 137 mph. Compare that with the gas-powered Grecale Modena’s 325 horsepower, and itÂ’s clear this will be the performance halo of the SUV line. Though electric, the Grecale Folgore retains MaseratiÂ’s signature grille look and trident logo up front. ItÂ’s a more traditional presentation than the weird closed-off nose many EVs carry, and the automaker left its iconic three-porthole styling element on the front fenders. Wheel sizes range from 19 to 21 inches, depending on the market, and the SUV gets gloss-black exterior trim. Maserati installed a 12.3-inch touchscreen and an 8.8-inch digital gauge cluster and said that many of the Grecale FolgoreÂ’s controls have gone digital in the infotainment system. Wireless Apple CarPlay and Android Auto join a few Chinese-market apps like WeChat and Baidu CarLife, and the Maserati digital assistant system has been updated for the electric SUV. Grecale Folgore buyers can work with Maserati on home or public charging solutions, including facilitating charging across Europe and China. The automaker can facilitate home charging installation, including shipping a wallbox charger to buyersÂ’ homes or offices. The SUV itself comes with 400-volt electric architecture, as well as battery preconditioning and temperature management to ensure the fastest charging. We donÂ’t have pricing or a U.S. release date for the new SUV, but Maserati talked more about its first EV, the GranTurismo Folgore, at the show. The car features more than 750 horsepower at the wheels and an 800-volt electrical system for ultra-fast charging. Gas versions of the car are available with up to 542 horsepower from a twin-turbo V6. Green Auto Shanghai Maserati Electric

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.