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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

Alfa Romeo Stelvio SUV interior spied

With is flanks still heavily covered in these photos we can't tell much about the outside of the upcoming Alfa Romeo Stelvio, but it's the first time we've been able to catch a glimpse of the SUV's interior. It is obvious the Stelvio's driver environment will largely follow in the footsteps of the Giulia sedan, and fans of characteristic Alfa Romeo detailing like the gauge cluster "buckets" will be pleased to see familiar themes. The development mule here features light, birch-like wood around the shifter console, which may or may not make it into the production car. Despite appearing a little Volvo-like, the material is not out of place in the Stelvio, and we'd expect the production car to offer different trim options. Above that, a navigation screen is integrated in a similar fashion as the Giulia, and large paddle shifters garnish the steering column. The start-stop button mounted directly on the steering wheel is also a trait shared with the Giulia. The Stelvio is inching closer to production, with official unveiling expected in late 2016 or early 2017. Little by little, the test vehicle camouflage comes off, and compared to some earlier shots seen in April, the Stelvio mule has already lost the box disguising the rear window shape. Perhaps there's an attractive, sporty 4WD vehicle underneath it all. Related Video: Featured Gallery Alfa Romeo Stelvio Spy Photos with Interior Related Gallery Alfa Romeo Stelvio: Spy Shots View 10 Photos Image Credit: Carpix Spy Photos Alfa Romeo alfa romeo giulia alfa romeo stelvio

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