Author: Giulio Piovaccari
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Stellantis sees long road ahead for internal combustion engine cars
By Giulio Piovaccari MILAN (Reuters) – Carmaker Stellantis believes internal combustion engine (ICE) vehicles could be on the road until 2050, making it necessary to contain their carbon emissions until they’re finally replaced by fully electric ones. The world’s third-largest carmaker by sales, whose brands include Fiat, Peugeot and Jeep, said this week tests it…
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Defying gloom, Ferrari sees strong demand for luxury cars
By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Ferrari said it was confident about its prospects for this year and the next as demand for its luxury cars as well its pricing power remain strong despite broader economic worries in many of its main markets. The Italian carmaker said orders for its new 390,000 euro…
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Ferrari woos super rich with $400,000, petrol-fuelled SUV
By Giulio Piovaccari MILAN (Reuters) – Ferrari unveiled on Tuesday its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric. While late to the SUV market, the Italian brand famed for its prancing horse logo is sure the luxury sports car-style of the Purosangue – or…
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Ferrari lifts 2022 forecasts after strong Q2 results, record orders
By Giulio Piovaccari MILAN (Reuters) – Ferrari beat earnings forecasts and reported record orders in the second quarter, prompting the luxury sports car maker to raise its full-year targets, as Portofino M and F8 family models drove sales. The Italian company, famed for its roaring engines powering super-cars with price tags starting at over 200,000…
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Stellantis CEO upbeat on U.S. as shareholders vote against pay package
By Giulio Piovaccari and Gilles Guillaume (Reuters) -Stellantis Chief Executive Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker’s shareholders voted against the 2021 compensation package for top executives. Speaking at the carmaker’s annual shareholders’ meeting, Tavares said Stellantis was confirming its forecast…
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Strong first year boosts Stellantis as cost challenges loom
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) – Stellantis beat its profitability target in the first year following its creation from the merger of Fiat Chrysler and Peugeot maker PSA, boosting hopes the automaker can cope with rising raw material costs and a shortage of semiconductor chips. Milan-listed shares in the world’s No.4 carmaker…