Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Stellantis aims for 50% of sales online at relaunched Lancia

2022 05 20T114501Z 1 LYNXNPEI4J0GF RTROPTP 4 STELLANTIS LANCIA - Global Banking | Finance

TURIN (Reuters) – Stellantis is aiming to make 50% of Lancia sales online as the carmaker gears up to relaunch the premium brand across Europe, Lancia CEO Luca Napolitano said on Friday.

The 116-year-old brand, which had shrunk to just one model in one market – its home of Italy, plans to launch a new Ypsilon model in Italy in early 2024, and then in France, Germany, Spain, Belgium by the end of June that year, Napolitano said.

“I can see about 100 dealerships in the 60 major European cities … and a massive use of the digital world,” he said.

“Here we expect 50% of sales to be online,” he said, adding online sales would be completed through dealers.

The CEO said Britain was not currently part of Lancia’s plan, but that could change later.

Some analysts had thought Stellantis CEO Carlos Tavares might pull the plug on Lancia after the creation of a 14-brand group from the merger of Peugeot-maker PSA and Fiat Chrysler last year.

But he gave Lancia a chance to establish itself alongside the company’s other premium marques, Alfa Romeo and DS.

Lancia’s 10-year business plan is based on a three-model range. The new Ypsilon, both hybrid and battery electric, will be followed by a flagship compact crossover in 2026, currently nicknamed Aurelia, and a compact hatchback in 2028, the Delta, both fully electric.

“We have a gap to cover with other major premium brands,” Napolitano said. “It’s important we start to confront them.”

He said Lancia would not need a lot of dealers or big showrooms, and would coordinate with Alfa Romeo and DS.

He reiterated it would only launch full electric cars from 2026 and would only sell them from 2028.

(Reporting by Giulio Piovaccari; Editing by Mark Potter)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post