Red Ferrari 360 Spider Convertible, Tan Interior F-1 on 2040-cars

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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.

Ferrari 812 Spider leaks online, F8 Tributo Spider on the way

Social media has no intention of going quietly into the weekend, with Facebook user "Cavallino Ramparte" leaking images of the Ferrari 812 Spider. Earlier reports said Ferrari had invited VIP owners to two preview events in early September, one for the open-top 812, one for the F8 Tributo Spider. This 812 pic appears to have been taken at the respective gathering, Ferrari Chat forum members posting that the Italian automaker showed both near the beginning of the week. Official pictures are rumored to come on Monday, but as far as we can tell at the moment, the 812 barely changes. The narrow opening over the driver's head is bounded by a thick header between the A-pillars on one side, and two buttresses behind the headrests on the other, akin to the racy buttresses from the SP1 and SP2 Monza limited-editions. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We're not sure how the roof mechanism works. Mining Ferrari Chat again, one member posted that the rear fascia has been redesigned and the trunk aperture is larger. Trunk space seemed to be the same as on the standard 812 Superfast, minus the missing rear shelf. Another poster who was at the event wrote, "The spider weighs 3527 lbs dry weight. vs 3362 for coupe," and on acceleration times for 0 to 124 miles per hour wrote, "I think it was 8.3s for the spider, whereas coupe is quoted at 7.9s." No one mentioned power changes, not that the 6.5-liter V12 with 789 horsepower and 530 pound-feet needs any. According to a third poster, the F8 Tributo employs the same convertible template as the 488 Spider, with longer louvers over the 3.9-liter twin-turbo V8 that can be optioned in carbon fiber. Since Ferrari's been dancing this kind of V8 two-step since the 458 Italia, we don't expect any surprises design-wise. Whispers online say we'll be able to peruse all angles on Monday, when Ferrari's expected to release high-res press shots.

Ferrari 250 TR recreation channels the spirit of Fangio

Peter Giacobbi grew up watching the likes of Juan Manuel Fangio and Phil Hill race cars like the Ferrari 250 TRs when he was a kid. Once he grew up – or at least grew older – he knew he had to have one to call his own. The trouble is that original Testa Rossas sell for tens of millions these days, and as accomplished as he may have been in his life and career, Giacobbi didn't have that kind of money to spend on a car. So he did the next best thing and built one of his own. Fortunately Giacobbi had some experience building exotic sports cars. He formed half of the duo that created the Sinthesis 2000, a one-off concept that he and designer Tom Tjaarda unveiled at the 1970 Turin Motor Show. And that project ended up serving as his interview for the job of chief engineer for DeLorean. So when he set to building his own Testa Rossa, he knew how to go about it. His recreation may not be 100 percent authentic, but then it's not entirely fake, either. The bodywork is genuine, as are many of the parts. The rest he faithfully reproduced or had made specially. The result, as you can see, is quite stunning – especially left bare in its hand-beaten aluminum form. Hear his story, see his project, and listen to that Colombo V12 engine sing in this latest video installment from the cinematographic artisans at Petrolicious.