1990 Alfa Spider Florida Car 99.9% Rust Free! Just 62k Miles! on 2040-cars

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Alfa Romeo unveils Formula One car for new season

MONTMELO, Spain — Alfa Romeo has unveiled the new Formula One car that will be piloted by former champion Kimi Raikkonen this season. Raikkonen, teammate Antonio Giovinazzi and team principle Frederic Vasseur posed with the white-and-burgundy Alfa Romeo C38 in the pit lane of the Barcelona-Catalunya Circuit before preseason testing started on Monday. Alfa Romeo is the rebranded name for the Sauber team this season. Raikkonen joined Alfa Romeo from Ferrari, where he won the Italian team's most recent drivers' title in 2007. The 39-year-old Finn is joined by Giovinazzi, a 25-year-old Italian with two Grand Prix races under his belt. Sauber finished eighth in the constructors' standings last year. More AP auto racing

Best in Show: 1937 Alfa Romeo 8C 2900B Touring Berlinetta wins at Pebble Beach

PEBBLE BEACH, Calif. — Well over 200 vehicles from 17 countries competed for Best in Show honors at the 2018 Pebble Beach Concours d'Elegance, but there could be only one winner: the 1937 Alfa Romeo 8C 2900B Touring Berlinetta you see above. The deep blue bodywork of the vehicle was first seen at the 1938 Berlin Motor Show, and the vehicle was recently restored to its original show condition. This Alfa Romeo is owned by David and Ginny Sydorick. "This car is one of only five built, and it has recently been completely restored, taking a huge amount of effort and dedication from all those involved," said Sydorick after the win. The '37 8C 2900B Touring finished ahead of a 1929 Duesenberg J Murphy Town Limousine and a 1948 Talbot-Lago T26 Grand Sport Figoni Fastback Coupe for the golden ribbon. This is the third time an Alfa Romeo has won the coveted Best in Show trophy at Pebble Beach, the first an 8C 2900B Touring Spider in 1988 and the second an 8C 2900B Touring Coupe in 2008. Last year's winner was a silver and blue 1929 Mercedes-Benz S Barker Tourer. Related Video: Featured Gallery 1937 Alfa Romeo 8C 2900B Touring Berlinetta: Pebble Beach Misc. Auto Shows Alfa Romeo Automotive History Coupe Luxury Special and Limited Editions Classics Pebble Beach

Stellantis sees vehicle loan durations extended amid banking turmoil

Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker's head for the business said. Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. "This allows customers to get a car for a monthly instalment that is similar to that they had before," he said. The world's third largest carmaker by sales on Tuesday announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe. Under its terms, Stellantis created a 50-50 single long term multi-brand leasing company named Leasys with Credit Agricole Consumer Finance. It also set up local joint ventures in European countries for its new Stellantis Financial Services unit, formerly Banque PSA Finance, with BNP Paribas Personal Finance and Santander Consumer Finance. "These banks have always had better funding conditions than those we can have as an automaker," de Rovira said. Benefits of the plan included cutting the number of financing and leasing entities the group runs in each country and the number of IT systems it uses, with expected savings exceeding 30% in this particular area, he added. De Rovira said the group had a huge portfolio of orders it had not yet delivered due to supply chain shortages impacting production. "Demand is not our main issue. The issue is to deliver as fast as we can cars that are in our order portfolio, which is still at record levels," he said. The group aims to expand its corporate leased vehicle fleet to more than one million units in 2026 and to double net income from its so-called banking activities to 5.8 billion euros ($6.3 billion) by 2030. De Rovira said Stellantis was not seeing a downward trend in vehicle pricing. "Probably the significant price increases we have seen in 2021 and 2022 will not be repeated because the context is changing, but for the moment we don't see decreases, we see stabilisation". ($1 = 0.9188 euros) (Reporting by Giulio Piovaccari and Gilles Guillaume; Editing by Jan Harvey) Earnings/Financials Plants/Manufacturing Alfa Romeo Chrysler Dodge Jeep RAM