Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Stellantis unveiled earlier this week its new Alfa Romeo Tonale compact Sport-utility vehicle, as it seeks to bolster its presence in the premium market and to introduce electrified and interconnected vehicles to its lineup.

Named after an Alpine pass in northern Italy, the new SUV is meant to compete with some of the most popular premium cars in Europe such as BMW’s X1, the Mercedes GLA and Volkswagen’s Audi Q3.

Expected to be assembled at the Pomigliano facility near Naples, the new Tonale is Alfa Romeo’s first electrified vehicle and it will initially be offered as a mild hybrid and a diesel engine variants.

The new Tonale SUV also offers built-in Amazon Alexa voice assistant functionality. Vehicle owners will be able to select their car as a delivery spot, which would allow couriers to unlock the doors safely and place a package inside the SUV.

“It marks a step in the direction of our group becoming a technology company,” Alfa Romeo’s Brand Chief Executive Officer Jean-Philippe Imparato said at a web presentation, cited by Reuters.

The auto maker intends to spend more than EUR 30 billion through 2025 to electrify its model lineup. And, from 2027, all new Alfa Romeo vehicles are expected to be fully electric.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Binary Tribune’s Stock Trading Signals for October 3rd 2016Binary Tribune’s Stock Trading Signals for October 3rd 2016 Tesla Motors Inc., NASDAQ: TSLA: 1. If todays open price falls within the $202.54-$205.52 range, buy 2 ticks above $202.54, TP1 - $204.53, TP2 - $205.03, TP3 - $205.52, SL - 2 ticks below $201.04.Sell 2 ticks below $205.52, TP1 - […]
  • Qualcomm share price up,  agrees to pay $975 million fine to ChinaQualcomm share price up, agrees to pay $975 million fine to China Qualcomm Inc announced on Monday that it has agreed to pay a fine of $975 million following more than a year-long investigation from Chinese antitrust regulators.The San Diego-based company said it was found in breach of anti-monopoly law […]
  • Grain futures mixed, soybeans advance on extended dry weather forecastsGrain futures mixed, soybeans advance on extended dry weather forecasts Grain futures were mixed on Monday with soybeans advancing for a third straight day, while corn and wheat fell. Market players awaited this weeks USDA crop progress report on Monday and the agencys forecasts update on Thursday.On the […]
  • Brent Falls 7.44%, WTI Drops Below $62Brent Falls 7.44%, WTI Drops Below $62 Key momentsBrent crude futures saw a sharp decrease of 7.44% on Friday. WTI crude futures sank 8.13%, with the price reaching $61.51. Oil prices were affected by the recent decision of OPEC+ to hasten supply growth along with China’s […]
  • Samsung Electronics share price up, profit falls for a sixth quarter on smartphone salesSamsung Electronics share price up, profit falls for a sixth quarter on smartphone sales Troubled Korean tech giant Samsung Electronics Co. continued to struggle in the three months ended March 31st as its mobile division, once its key profit driver, saw another quarter of sluggish smartphone sales, while the semiconductor […]
  • Forex Market: GBP/MXN daily forecastForex Market: GBP/MXN daily forecast During yesterday’s trading session GBP/MXN traded within the range of 21.651-21.762 and closed at 21.690.At 7:35 GMT today GBP/MXN was adding 0.13% for the day to trade at 21.722. The pair touched a daily high at 21.723 at 7:34 […]