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Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

2015 Maserati Quattroporte gets the lightest possible updates

A week after its debut on the interwebs, Maserati has trotted out its freshened Quattroporte range at the LA Auto Show, giving us our first in-person look at the changes to the top-of-the-line GTS trim.
Maserati has tweaked the headlights across the range, while the GTS gains new body-color trim pieces on the lower bodywork. Red badging on the wheelcaps and and a freshened trident badge are some of the more obvious changes, while new lower bodywork is matched to the main exterior color. While these tweaks are nice, we aren't totally sure they deliver on the "sportier and aggressive appearance" that the Italian company is aiming for in model year 2015.
What do you think? Could Maserati have stood to go further for the 2015 Quattroporte, or is this sort of super-light freshening just what the doctor ordered? Let us know what you think in Comments.

2019 Maserati Levante GTS has a 550-hp Ferrari-derived V8

A V6-powered Maserati Levante just wasn't enough. At least that's what a group of engineers thought as they formed a sort of skunkworks and secretly set out to see if they could fit the Ferrari-derived V8 from the Quattroporte GTS into the Levante. Turns out they could, and after revealing their project to company honchos, were given the green light for not just one V8-powered Levante, but two. The first to be revealed was the Levante Trofeo shown at the New York Auto Show. Now we get this, the Levante GTS, which was revealed last month to journalists in Pontiac, Mich., and kept under wraps until now. It will debut in Europe at Goodwood. Although the GTS shares the same 3.8-liter V8 as the 590-horsepower Trofeo, it features a slightly less prodigious output of 550 hp with peak torque of 538 pound-feet available from 2,500 rpm to 5,000. Maserati says the GTS will hit 60 mph in 4 seconds with a top speed of 181 mph. View 8 Photos The chassis was tuned to better handle the extra power, and while the suspension shares the same components as the rest of the Levante line, the tuning was changed for the GTS and Trofeo. The Sport Skyhook adaptive damping system was also retuned, while the air springs feature six different height levels spanning a total of 3 inches from its lowest to highest position. A rear-biased all-wheel-drive system and a rear limited-slip differential are included. These mechanical updates are largely shared with the Trofeo, which differs visually and features extra luxury equipment. Outside, the GTS features a larger lower air dam, a special black-trimmed grille and 22-inch wheels. Inside, there's a full-leather interior package and carbon fiber trim. That includes the shift paddles, which are carbon fiber rather than metal. Maserati models also receive some updates for the new model year. The eight-speed ZF automatic gets a new electronic shifter. Similar in layout to BMW's (forward for R, rearward for D, push button for Park), it replaces the previous Chrysler-sourced PRND layout. It's similar to what you'd find in a current Alfa Romeo but the shifter itself is more luxurious and substantial in feel and appearance. The infotainment system has been refreshed, but remains a Chrysler Uconnect system in Italian clothing. There's also new optional "Pieno Fiore" leather for all three models, Levante, Ghibli and Quattroporte. It is available in red, black and tan.