1962 Chevrolet Corvair Monza Spyder 2.4l Convertible on 2040-cars

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Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

2015 Maserati Ghibli gets the lightest of updates [w/video]

Maserati continued its centennial celebration this week with a lightly updated version of the 2015 Ghibli at the Los Angeles Auto Show.
The sedan is enhanced with navigation and Bluetooth features, which are now standard. Reinforcing that this is a light refresh, Maserati gave the brake calipers a new finish, and contrasted stitching is also added on the Ghibli and Ghibli SQ4 models.
Maserati is also throwing in a free three-month "all-access" subscription to SiriusXM satellite radio for the Ghibli, Quattroporte and GranTurismo.

Maserati switching to in-house twin-turbo V6 and turbo four

Automotive News has been able to put some output figures to the two primary engines that will power Maserati's renaissance. Last year the Italian luxury brand sent notice that it would terminate its deal to with Ferrari to use the Maranello-sourced F160 3.0-liter twin-turbo V6 and F154 3.8-liter twin-turbo V8. As new Maserati models appear and current models are overhauled, the brand will begin installing either Maserati's own 3.0-liter twin-turbo V6, or an FCA-sourced 2.0-liter turbocharged four-cylinder. The V6 will greet the world from the middle of the MC20 supercar poised for debut in September, assuming nothing goes worse with the world than it already has. Rumor from Mopar Insiders and Allpar forums is that Maserati began building its V6 based on Alfa Romeo's 690T V6. Alfa Romeo puts the 690T in the Stelvio and Giulia Quadrifoglio, the engine's development having started seven years ago with Ferrari's F154 V8 as its heart. Tuned for speed, peak output could reach 542 horsepower. After making its home in the racy coupe, the V6 will also serve a new midsize Maserati crossover coming next year, as well as the next GranTurismo coupe and GranCabrio convertible. In the crossover, power is apparently limited to no more than 523 horses. In Maserati's new V6, one piece of technology that permits such high output and emissions friendliness is turbulent jet ignition (TJI). German supplier Mahle has been developing the technology for at least 10 years, and put it to use in Ferrari's Formula 1 engine about five years ago, after which Japan's Super GT manufacturers picked it up. Instead of a spark plug igniting fuel directly in the combustion chamber, TJI places the spark plug and an injector nozzle at the top of a "jet ignition pre-chamber assembly." The injector shoots a mist of gasoline into the pre-chamber, the spark plug fires, and the force of ignition in the pre-chamber sprays the combustion through tiny holes at the bottom of the pre-chamber into the cylinder as the piston rises. Mahle says the shorter burn and improved combustion spread means cleaner-burning gas engines that emit fewer emissions.   AN says that the "new V-6 engine will be 'electrified' in some form." It's not clear if that means all versions of the V6 will get some sort of hybrid assistance, or if — as had been thought — there will be a non-hybrid unit.