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Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG

2022 Maserati Ghibli price of entry climbs to $77,695

Maserati announced the revamped Ghibli lineup in June, boiling down ten trims to four, but didn't announce pricing. The good have made their way to the Maserati configurator, so now we know how much more a 2022 Maserati will cost in relation to what came before. The big jump happens at the bottom, the previous base Ghibli becoming the 2022 Ghibli GT. The GT holds pat with the 3.0-liter twin-turbo V6 making 345 horsepower and 369 pound-feet of torque. It also gets 18-inch alloy wheels and chrome accents outside, with leather "comfort" seats and Dark Mirror trim inside, and automaker spokesperson Kas Rigas told CarsDirect the GT gains some standard driver assistance tech, wireless charging and black painted brake calipers.   The price bump for the new name and goodies is $4,010, from $73,685 to $77,695 after the $1,495 destination charge.  Above that, the Ghibli Modena starts at $82,395, putting it $1,210 over the previous GranSport and GranLusso trims that came above the S and all-wheel drive S Q4. The Ghibli Modena features a 424-hp version of the V6 engine with 428 lb-ft., restyled bumpers with black inserts, 20-inch wheels and "wraparound" leather seats. Turning the front axles to get the all-wheel drive Modena Q4 adds $2,600, for a total of $84,995. The price of adding AWD has gone up by $100, and this is the only AWD trim in the range now after having three last year; however, the price of getting into an AWD Ghibli in an upper trim has gone down by $2,990. Last year, the lower-tier S Q4 cost $81,185, but the S Q4 GranLusso and GranSport ran $87,985. Finally, the 2022 Ghibli Trofeo starts at  $112,095, just $710 more than the 2021 Ghibli Trofeo. Just under that, and for a short time, is Ghibli F Tributo honoring Juan Manuel Fangio (pictured) with exclusive colors and a "very limited" production run. Based on a search at the Maserati U.S. web site, a Ghibli F Tributo starts at $100,385 if you shop in a place like Arizona, or $102,885 in a place like New York state. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Maserati's new North American CEO is Chrysler's dealer guru

There's been a bit of a shakeup among the executive ranks at Chrysler and Maserati, as the Italian sports car manufacturer has appointed Peter Grady as its new North American CEO. Grady, who we imagine is about to get a very nice upgrade to his company car, will retain his role as vice president of dealer network development for Chrysler and Chrysler Capital, and is replacing Bob Graczyk at Maserati.
"It is with pleasure and anticipation that I welcome Peter to Maserati. He brings to our company nearly 30 years of leadership and experience. His background and industry expertise will be a great basis for the continued expansion of Maserati in North America," said Maserati CEO Harald Wester in a statement.
Also joining the team at Maserati is Saad Chehab, who previously worked for the Chrysler and Lancia brands and will be the new head of marketing for the Italian brand. He'll be replaced by Al Gardner, the former boss of Chrysler's southeast business center, as the head of Chrysler brand, according to Automotive News.