Latest news with #Maserati
Yahoo
3 hours ago
- Automotive
- Yahoo
European automotive giant Stellantis faces €1.5 billion hit from US tariffs this year
The second-biggest carmaker in Europe has forecast that US tariffs could cost it €1.5 billion this year as the EU has failed to avert auto levies imposed by the Trump administration. The producers of luxury Maserati cars as well as mid-range and affordable favourites such as Lancia, Peugeot and Fiat, said on Tuesday that net profits plummeted from €5.6bn in the same period last year. This was as it burned €3.3 billion in cash for the cancellation of a hydrogen fuel cell project. Changes in the fine regime for US carbon emission regulations and write-downs on platform investments also hit profits. US President Donald Trump's tariffs cost the company €300 million in the first six months of the year, Stellantis said. Losses like these could crank up political and labour pressure as the carmaker faces a heightened risk of plant shutdowns, delayed model launches and fights with unions as management scrambles to manage the cash gap. Carmakers are the main drivers of European industry. The sector pumps out roughly 7% of EU GDP according to the European Commission, supports around 14 million jobs across its supply chains and delivers one of the bloc's biggest export surpluses each year. Automakers also pour more than €70bn annually into engineering and technological innovation. A dip in their fortunes can therefore ripple into technology, steel, chemicals, logistics and the continent's drive for innovation. Stellantis said it expected net revenues to increase over the next six months compared with the first half, when they dropped 13% to €74.3bn. The carmaker also said cash flow would improve. Incoming CEO Antonio Filosa, who was confirmed in the role last month, said the new executive team would "continue to make the tough decisions needed to re-establish profitable growth and significantly improve results". 'My first weeks as CEO have reconfirmed my strong conviction that we will fix what's wrong with Stellantis,'' Filosa said in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Euronews
a day ago
- Automotive
- Euronews
Automotive giant Stellantis faces €1.5 billion hit from US tariffs
The second-biggest carmaker in Europe has forecast that US tariffs could cost it €1.5 billion this year as the EU has failed to avert auto levies imposed by the Trump administration. The producers of luxury Maserati cars as well as mid-range and affordable favourites such as Lancia, Peugeot and Fiat, said on Tuesday that net profits plummeted from €5.6bn in the same period last year. This was as it burned €3.3 billion in cash for the cancellation of a hydrogen fuel cell project. Changes in the fine regime for US carbon emission regulations and write-downs on platform investments also hit profits. US President Donald Trump's tariffs cost the company €300 million in the first six months of the year, Stellantis said. Losses like these could crank up political and labour pressure as the carmaker faces a heightened risk of plant shutdowns, delayed model launches and fights with unions as management scrambles to manage the cash gap. Carmakers are the main drivers of European industry. The sector pumps out roughly 7% of EU GDP according to the European Commission, supports around 14 million jobs across its supply chains and delivers one of the bloc's biggest export surpluses each year. Automakers also pour more than €70bn annually into engineering and technological innovation. A dip in their fortunes can therefore ripple into technology, steel, chemicals, logistics and the continent's drive for innovation. Stellantis said it expected net revenues to increase over the next six months compared with the first half, when they dropped 13% to €74.3bn. The carmaker also said cash flow would improve. Incoming CEO Antonio Filosa, who was confirmed in the role last month, said the new executive team would "continue to make the tough decisions needed to re-establish profitable growth and significantly improve results". 'My first weeks as CEO have reconfirmed my strong conviction that we will fix what's wrong with Stellantis,'' Filosa said in a statement.
Auto Car
a day ago
- Automotive
- Auto Car
Maserati 'cancelled' the electric MC20 - but don't write it off for good...
The electric version of the Maserati MC20 supercar could still see the light of day if the market picks up, says Maserati, after it cancelled the model earlier this year, citing insufficient demand. Promising huge power and similar dynamics to those of the V6 car, the MC20 Folgore would have been the first electric supercar on sale – the circa-2000bhp Rimac Nevera, Pininfarina Battista and Lotus Evija meriting full-bore hypercar status. Its potentially seminal status was ultimately its downfall, though, with nothing comparable on sale against which it could be benchmarked. Maserati wasn't confident it would attract a sufficient number of buyers away from V6 and V8-engined alternatives to recoup the substantial development costs. Maserati CEO Santo Ficili stands by the decision and told Autocar: 'I don't think it's the right time to take this kind of supercar in the electrification direction.' But he added that the MC20 Folgore project was on pause, rather than cancelled, and the car could yet make production as the MCPura Folgore. 'Let's say we will see,' he said when asked if the firm's supercar could yet go electric. 'The project is [advanced], but we decided to wait to understand what is going to happen.' There are no immediate plans to begin development again. Ficili said: 'We have this fantastic [V6] engine that is to the satisfaction of our customers. We hold a different kind of power. This is our engine at this time.' He added that he did not have the 'crystal ball' to see when there will be a market for an electric supercar, and that it was crucial 'to have the customer ready to buy a car like this' before investing further. In the meantime, Ficili went as far as to suggest Maserati could launch a new ICE-powered, manual-shifting super-GT flagship, in partnership with Alfa Romeo. This would be likely to use the 3.0-litre twin-turbo Nettuno V6 that powers the MC20 and Granturismo. The firm's technical boss Davide Danesin Maserati engineering boss Davide Danesin said "there are still customers looking for pure mechanical cars,' because they have a 'bad feeling' about having a battery on board a supercar, due to the heightened complexity and extra weight it brings.
The Advertiser
a day ago
- Automotive
- The Advertiser
New Maserati supercar may bring back the manual gearbox
Ferrari and Lamborghini have all dropped them, but Maserati has suggested a manual transmission could be offered in a new supercar it may co-develop with fellow Italian brand Alfa Romeo. British publication Autocar has said the new flagship supercar – Maserati's first since the Ferrari-based MC12 sold between 2004 and 2005 – could be unveiled as soon as 2026 with a manual transmission. "There are still customers looking for pure mechanical cars," Maserati engineering boss Davide Danesin told Autocar. "By doing a purely mechanical car, it does make sense to have a mechanical gearbox with a shifter. So why not? It fulfils perfectly the brand. It fulfils perfectly our approach and the mindset. So honestly, I think one day we'll do it." CarExpert can save you thousands on a new car. Click here to get a great deal. Maserati has not offered a manual gearbox in a production car since 2019, when production of the first-generation GranTurismo wound up. The current model is offered with automatic transmission only. The proposed new grand touring supercar, which would likely be a limited-edition flagship, would be co-developed with Alfa Romeo since both brands are owned by Stellantis and share the same CEO, Santo Filici. The two Italian automakers have collaborated on numerous projects in the past, with Maserati most recently supplying the chassis from its MC20 sports car to produce the 2024 Alfa Romeo 33 Stradale supercar. The 33 Stradale was a limited-run model, with only 33 units produced globally. None made it to Australia and each vehicle was priced at €3 million ($A5.33 million). When asked about a new Maserati supercar, Mr Filici told Autocar: "We have infinite possibilities to customise products for our customers, for the entire range of Maserati. I'm imagining to do something like we did in the past, also considering Alfa Romeo." This could mean using the underpinnings of the second-generation Maserati GranTurismo, introduced in 2023, which is sold in Australia only with the company's 3.0-litre twin-turbocharged V6 petrol 'Nettuno' engine, but is also available in some markets with a battery-electric powertrain. Mr Filici told the British publication the new limited-edition model would be a celebration of the Nettuno engine – which made its debut in the MC20 supercar – describing it as "a masterpiece". "We can imagine a 'few-off' Maserati. It's easy, because you can look at the past of these two brands, and you can find a nice car like the 33 Stradale, and we can invent something like this," he said. Manual transmissions have gradually disappeared from road cars – and been largely replaced by dual-clutch automatics – with Ferrari and Lamborghini not offering a traditional three-pedal production model for more than a decade. Ferrari, which last offered a manual in 2012, has suggested the old-school transmission type may make a comeback in its cars, including a project led by its 2025 Formula 1 recruit, seven-time world champion Lewis Hamilton. MORE: Everything Maserati MORE: Ferrari F44? F1 legend Lewis Hamilton wants to make a manual supercar MORE: The 10 cheapest new manual cars you can buy in Australia Content originally sourced from: Ferrari and Lamborghini have all dropped them, but Maserati has suggested a manual transmission could be offered in a new supercar it may co-develop with fellow Italian brand Alfa Romeo. British publication Autocar has said the new flagship supercar – Maserati's first since the Ferrari-based MC12 sold between 2004 and 2005 – could be unveiled as soon as 2026 with a manual transmission. "There are still customers looking for pure mechanical cars," Maserati engineering boss Davide Danesin told Autocar. "By doing a purely mechanical car, it does make sense to have a mechanical gearbox with a shifter. So why not? It fulfils perfectly the brand. It fulfils perfectly our approach and the mindset. So honestly, I think one day we'll do it." CarExpert can save you thousands on a new car. Click here to get a great deal. Maserati has not offered a manual gearbox in a production car since 2019, when production of the first-generation GranTurismo wound up. The current model is offered with automatic transmission only. The proposed new grand touring supercar, which would likely be a limited-edition flagship, would be co-developed with Alfa Romeo since both brands are owned by Stellantis and share the same CEO, Santo Filici. The two Italian automakers have collaborated on numerous projects in the past, with Maserati most recently supplying the chassis from its MC20 sports car to produce the 2024 Alfa Romeo 33 Stradale supercar. The 33 Stradale was a limited-run model, with only 33 units produced globally. None made it to Australia and each vehicle was priced at €3 million ($A5.33 million). When asked about a new Maserati supercar, Mr Filici told Autocar: "We have infinite possibilities to customise products for our customers, for the entire range of Maserati. I'm imagining to do something like we did in the past, also considering Alfa Romeo." This could mean using the underpinnings of the second-generation Maserati GranTurismo, introduced in 2023, which is sold in Australia only with the company's 3.0-litre twin-turbocharged V6 petrol 'Nettuno' engine, but is also available in some markets with a battery-electric powertrain. Mr Filici told the British publication the new limited-edition model would be a celebration of the Nettuno engine – which made its debut in the MC20 supercar – describing it as "a masterpiece". "We can imagine a 'few-off' Maserati. It's easy, because you can look at the past of these two brands, and you can find a nice car like the 33 Stradale, and we can invent something like this," he said. Manual transmissions have gradually disappeared from road cars – and been largely replaced by dual-clutch automatics – with Ferrari and Lamborghini not offering a traditional three-pedal production model for more than a decade. Ferrari, which last offered a manual in 2012, has suggested the old-school transmission type may make a comeback in its cars, including a project led by its 2025 Formula 1 recruit, seven-time world champion Lewis Hamilton. MORE: Everything Maserati MORE: Ferrari F44? F1 legend Lewis Hamilton wants to make a manual supercar MORE: The 10 cheapest new manual cars you can buy in Australia Content originally sourced from: Ferrari and Lamborghini have all dropped them, but Maserati has suggested a manual transmission could be offered in a new supercar it may co-develop with fellow Italian brand Alfa Romeo. British publication Autocar has said the new flagship supercar – Maserati's first since the Ferrari-based MC12 sold between 2004 and 2005 – could be unveiled as soon as 2026 with a manual transmission. "There are still customers looking for pure mechanical cars," Maserati engineering boss Davide Danesin told Autocar. "By doing a purely mechanical car, it does make sense to have a mechanical gearbox with a shifter. So why not? It fulfils perfectly the brand. It fulfils perfectly our approach and the mindset. So honestly, I think one day we'll do it." CarExpert can save you thousands on a new car. Click here to get a great deal. Maserati has not offered a manual gearbox in a production car since 2019, when production of the first-generation GranTurismo wound up. The current model is offered with automatic transmission only. The proposed new grand touring supercar, which would likely be a limited-edition flagship, would be co-developed with Alfa Romeo since both brands are owned by Stellantis and share the same CEO, Santo Filici. The two Italian automakers have collaborated on numerous projects in the past, with Maserati most recently supplying the chassis from its MC20 sports car to produce the 2024 Alfa Romeo 33 Stradale supercar. The 33 Stradale was a limited-run model, with only 33 units produced globally. None made it to Australia and each vehicle was priced at €3 million ($A5.33 million). When asked about a new Maserati supercar, Mr Filici told Autocar: "We have infinite possibilities to customise products for our customers, for the entire range of Maserati. I'm imagining to do something like we did in the past, also considering Alfa Romeo." This could mean using the underpinnings of the second-generation Maserati GranTurismo, introduced in 2023, which is sold in Australia only with the company's 3.0-litre twin-turbocharged V6 petrol 'Nettuno' engine, but is also available in some markets with a battery-electric powertrain. Mr Filici told the British publication the new limited-edition model would be a celebration of the Nettuno engine – which made its debut in the MC20 supercar – describing it as "a masterpiece". "We can imagine a 'few-off' Maserati. It's easy, because you can look at the past of these two brands, and you can find a nice car like the 33 Stradale, and we can invent something like this," he said. Manual transmissions have gradually disappeared from road cars – and been largely replaced by dual-clutch automatics – with Ferrari and Lamborghini not offering a traditional three-pedal production model for more than a decade. Ferrari, which last offered a manual in 2012, has suggested the old-school transmission type may make a comeback in its cars, including a project led by its 2025 Formula 1 recruit, seven-time world champion Lewis Hamilton. MORE: Everything Maserati MORE: Ferrari F44? F1 legend Lewis Hamilton wants to make a manual supercar MORE: The 10 cheapest new manual cars you can buy in Australia Content originally sourced from: Ferrari and Lamborghini have all dropped them, but Maserati has suggested a manual transmission could be offered in a new supercar it may co-develop with fellow Italian brand Alfa Romeo. British publication Autocar has said the new flagship supercar – Maserati's first since the Ferrari-based MC12 sold between 2004 and 2005 – could be unveiled as soon as 2026 with a manual transmission. "There are still customers looking for pure mechanical cars," Maserati engineering boss Davide Danesin told Autocar. "By doing a purely mechanical car, it does make sense to have a mechanical gearbox with a shifter. So why not? It fulfils perfectly the brand. It fulfils perfectly our approach and the mindset. So honestly, I think one day we'll do it." CarExpert can save you thousands on a new car. Click here to get a great deal. Maserati has not offered a manual gearbox in a production car since 2019, when production of the first-generation GranTurismo wound up. The current model is offered with automatic transmission only. The proposed new grand touring supercar, which would likely be a limited-edition flagship, would be co-developed with Alfa Romeo since both brands are owned by Stellantis and share the same CEO, Santo Filici. The two Italian automakers have collaborated on numerous projects in the past, with Maserati most recently supplying the chassis from its MC20 sports car to produce the 2024 Alfa Romeo 33 Stradale supercar. The 33 Stradale was a limited-run model, with only 33 units produced globally. None made it to Australia and each vehicle was priced at €3 million ($A5.33 million). When asked about a new Maserati supercar, Mr Filici told Autocar: "We have infinite possibilities to customise products for our customers, for the entire range of Maserati. I'm imagining to do something like we did in the past, also considering Alfa Romeo." This could mean using the underpinnings of the second-generation Maserati GranTurismo, introduced in 2023, which is sold in Australia only with the company's 3.0-litre twin-turbocharged V6 petrol 'Nettuno' engine, but is also available in some markets with a battery-electric powertrain. Mr Filici told the British publication the new limited-edition model would be a celebration of the Nettuno engine – which made its debut in the MC20 supercar – describing it as "a masterpiece". "We can imagine a 'few-off' Maserati. It's easy, because you can look at the past of these two brands, and you can find a nice car like the 33 Stradale, and we can invent something like this," he said. Manual transmissions have gradually disappeared from road cars – and been largely replaced by dual-clutch automatics – with Ferrari and Lamborghini not offering a traditional three-pedal production model for more than a decade. Ferrari, which last offered a manual in 2012, has suggested the old-school transmission type may make a comeback in its cars, including a project led by its 2025 Formula 1 recruit, seven-time world champion Lewis Hamilton. MORE: Everything Maserati MORE: Ferrari F44? F1 legend Lewis Hamilton wants to make a manual supercar MORE: The 10 cheapest new manual cars you can buy in Australia Content originally sourced from:
Auto Blog
2 days ago
- Automotive
- Auto Blog
Amazon Is Selling a ‘Very Sturdy' $230 Workbench for Just $115, and Shoppers Say It's ‘Definitely Worth the Price'
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Two iconic Italian brands want to team up once again on a limited-run supercar. View post: Maserati's New Supercar Will Have the One Thing Ferrari Won't Offer A concept will be shown in the next two months, and production will begin within two years. View post: Audi CEO Says New Sports Car Will Be Their 'TT Moment 2.0' There's no wonder police departments use them. They're sleek, comfortable, spacious, and surprisingly powerful. But is it worth almost $60k? View post: Walmart Is Selling a 'Reliable' $160 Retractable Car Charger for $20, and Shoppers Say It's 'Convenient and Fast' Autoblog aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. When it comes time to sit down and start your home repairs and DIY projects, you need a comfortable space to get to work. Whether you find yourself working in the basement, garage, under a carport, or out in the driveway, you should be optimizing your space as much as possible. And that's where a trusty workbench comes into play. Right now, the Enjoy Workbench is on sale at Amazon for a whopping 50% off. Originally priced at $230, shoppers can now pay $115 for this versatile and stable workbench that will help you complete any type of project. Enjoywood Workbench, $115 (was $230) at Amazon Measuring 48 inches wide, this workbench can be adjusted to five different heights that range between 31.5 inches to almost 40 inches tall. The top of the bench is made from a 1.2 inch slab of natural rubberwood that is scratch-resistant and offers 960 square inches of work space. It features an H-shaped frame with upper and lower crossbars and a load bearing capacity of up to 2,500 pounds. One shopper said, 'This is a high-quality workbench. It is a perfect size for my garage.' While another added, 'Very heavy-duty, and easy to put together.' A third customer wrote, 'I like having a bench/work table where I can choose the height of the work surface. The quality really exceeded my expectations, the frame is heavy-duty, very sturdy, and durable with a powder coat like finish. Good instructions and straightforward assembly.' With four adjustable metal feet, this structure will stay in place no matter what due to its anti-slip rubber pads and steel legs. However, the best part about this workbench is the included four built-in ETL certified sockets. The sockets can be turned on and off via a quick switch and have a 4.5-foot cable to easily plug into the wall. On the side of the workbench, you'll also find a pegboard with hooks that makes it easy to store smaller tools such as hammers, scissors, pliers, wrenches, and more. Another reviewer wrote, 'Overall, I absolutely love this table. It's perfect for our space — in size, style, and quality. It's definitely worth the price! I have no doubt this table will last a long, long time. I highly recommend it.' Treat yourself to organization and a clutter-free space with this $115 workbench. It will instantly become your go-to spot for just about anything. About the Author Victoria Garcia View Profile
