Stock Groups

Stellantis’ Alfa Romeo to launch new model every year to 2026 By Reuters

[ad_1]

© Reuters. FILE PHOTO – Stellantis logo at Mirafiori, Turin. REUTERS/Massimo Pinca/File Photo

MILAN (Reuters – Stellantis will release a new model every year until 2026. The brand’s chief Jean-Philippe Imparato stated Wednesday that Tonale’s SUV would be the first.

Stellantis was the fourth largest automaker in the globe, and it emerged from the merger of Fiat Chrysler with France’s PSA.

Stellantis spoke out later, confirming that Imparato stated: “Alfa Romeo is going to launch a brand new model every year through 2026.”

All new Alfa Romeo cars would become electric from 2027 onwards, he stated.

Imparato announced that production of the Alfa Romeo Tonale was originally expected to be completed by 2021. Sales will begin in Italy in June.

Luca Napolitano, Lancia’s chief, said that he presented Stellantis CEO Carlo Tavares with a 10-year strategy for the brand. The company is currently selling one model, the small Ypsilon and it only in Italy.

According to him, the strategy aims expand the brand into other European countries such as France, Germany, Scandinavia, and Nordic. It also focuses on large cities to compliment the group’s exclusive offer of Alfa Romeo and DS.

In comments that were later confirmed by Stellantis, he stated to dealers: “Our goal is to bring Lancia (…) into those markets where electric car sales are made.

Napolitano added that he wants to be at the top of the market and not abandon Ypsilon. But pushing Lancia further than it.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]