Connect with us

News

Alfa Romeo ‘Is Now in a Position to Fund its Own Future’

Published

on

Image for article titled Alfa Romeo 'Is Now in a Position to Fund its Own Future'

Photo: Alfa Romeo

It may be hard to believe if you live in the U.S., but according to Stellantis CEO Carlos Tavares, Alfa Romeo is making money. Enough money that the brand is actually profitable and, thus, not going anywhere anytime soon. And boy, do we really want to believe that’s true.

Autocar reports that Tavares said as much at the Paris motor show:

Alfa is going very well. The business has been turned around and it is profitable. It is now in a position to fund its own future – it’s safe. The turnaround was done even before the launch of Tonale. This will be a record year for the brand. Alfa is set for the next 10 years. Since we created Stellantis, its turnaround has been spectacular.

If you’re not already familiar, the Tonale is Alfa’s new compact crossover that’s set to go on sale here in the spring of next year. We haven’t had the chance to review the Tonale yet, but initial reviews from other outlets sound pretty positive. It probably won’t print money the way certain Lexus crossovers do, but the apparent success of this utility vehicle can only mean good things for Alfa, especially in the U.S.

After all, it’s not like the cars Alfa currently sells here — the Giulia sport sedan and the Stelvio midsize crossover, were unattractive or bad to drive. (RIP Alfa Romeo 4C, the last true sports car to come from the legendary Italian brand.) But slower-than-expected sales forced Alfa to scale back its plans for the U.S. It’s unfortunate, but we get it. The sports cars we want are not the cars that sell well here.

Tavares acknowledged as much, saying that Stellantis’ three luxury brands — Alfa, DS, and Lancia — don’t currently contribute much to the conglomerate’s overall profitability compared to some competitors. He did, however, spin that as a positive, saying, “So it’s an opportunity for us. This is one of our things working well at the moment, and what I see makes me confident.”

So there you go. No need to worry about Alfa Romeo. It’s safe and secure, and maybe, just maybe, if it sells enough Tonales, we’ll actually get a new 8C. Eventually. We hope.

Continue Reading

Recent News

Boiler Boiler
Guide10 hours ago

When Is the Best Time to Replace a Boiler?

A boiler is a workhorse that works around the clock. It provides heat and warm water whenever needed. While horses...

Grammar Grammar
Tech16 hours ago

Grammar Checkers Unleashed: Enhancing Writing Precision and Efficiency

In the present computerized age, the ascent of simulated intelligence innovation has presented new difficulties in regards to the genuineness...

Crypto Staking Crypto Staking
Crypto5 days ago

Is it Possible To Make Money On Crypto Staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular, attracting the attention of investors and users from...

Lake Como Lake Como
Wedding5 days ago

How to Choose the Right Location for a Marriage Proposal in Italy and Lake Como

Proposing marriage is a unique and memorable moment in a couple’s life. Choosing the right location is crucial to creating...

Personal Injury Lawyer Personal Injury Lawyer
Law1 week ago

Finding the Best Personal Injury Lawyer in Lumberton, NC

Personal injury law is designed to protect individuals who have been harmed due to the negligence or wrongful actions of...

WhatsApp Business WhatsApp Business
Business1 week ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance1 week ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto2 weeks ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto2 weeks ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...

Wedding Wedding
Wedding2 weeks ago

4 Wedding Services You Can Quickly Check Off Your To-Do List

Organizing a wedding might like arranging a large-scale symphony, in which each element must work together to produce a beautiful...