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Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall

Maserati Gran Turismo recalled for fire risk

The Basics: Maserati is recalling 33 examples of the 2016 GranTurismo and GranCabrio built from September 1, 2015 to November 30, 2015. The Problem: A non-galvanized main fuel delivery line can corrode and cause a fuel leak and increase the risk of a fire. Injuries/Deaths: None reported. The fix: Dealers will replace the main fuel delivery line free of charge as of January 7, 2016. If you own one: Owners may contact Maserati customer service at 1-201-816-2600, citing the brand's number for this recall: 300. You may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov. Related Video: Report Receipt Date: DEC 18, 2015NHTSA Campaign Number: 15V849000Component(s): FUEL SYSTEM, GASOLINEPotential Number of Units Affected: 33Manufacturer: Maserati North America, Inc.SUMMARY: Maserati North America, Inc. (Maserati) is recalling certain model year 2016 Granturismo and Granturismo Convertible vehicles manufactured September 1, 2015, to November 30, 2015. The affected vehicles are equipped with a non-galvanized main fuel delivery line that may corrode and result in a fuel leak.CONSEQUENCE: A fuel leak in the presence of an ignition source can increase the risk of a fire.REMEDY: Maserati will notify owners, and dealers will replace the main delivery fuel line, free of charge. The recall began on January 7, 2016. Owners may contact Maserati customer service at 1-201-816-2600. Maserati's number for this recall is 300.NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.

FCA is setting a five-year strategy: Here's how the last one played out

We're slightly more than four years removed from Sergio Marchionne last five-year plan for FCA, a tell-all where the Italian-American automaker divulged its plans for the 2014 through 2018 model years. It was a grand affair, where Sergio told FCA investors that all was right in Auburn Hills, Alfa Romeo and Maserati were making comebacks, and the fifth-gen Dodge Viper received a mid-cycle refresh. You can read every last one of those past predictions right here. We're on our way to Europe to see Sergio's sequel, coming out Friday straight from FCA's Italian headquarters. (Bloomberg reports a plan to expand Jeep and Ram globally, combine Alfa Romeo and Maserati into a single division for an eventual spinoff, and downsizing Fiat and Chrysler. Also, EVs.) But before we arrive in Italy and find out exactly what Marchionne has planned for 2019 through 2023 as his last act as CEO, let's take a minute to tally up the results of his last term based on the same scoresheet we used in 2014. Now, we're only five months into 2018, so much of this — including vehicles like the Ram HD and Jeep Grand Wagoneer — could still debut this year. For those, we'll mark things TBD. We're not going to draw any conclusions or make any objectionable remarks. We're simply going to let the stats speak for themselves.