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

  • GBP/USD near 2.5-week highsGBP/USD near 2.5-week highs British pound advanced further against the US dollar on Friday, trading close to 2.5-week highs, ignoring the earlier released report on Public Sector Net Borrowing, as demand for the greenback was still pressured by recent comments by FED […]
  • AUD/CAD maintains stabilityAUD/CAD maintains stability The AUD/CAD currency pair held within a tight daily range on Tuesday, as the Australian Dollar failed to gain traction following the publication of the Reserve Bank of Australia’s June monetary policy meeting minutes.The RBA’s June minutes […]
  • GBP/USD near two-week highsGBP/USD near two-week highs British pound edged higher versus the US dollar on Monday, trading close to two-week highs, after UK Prime Minister David Cameron said an improvement in the economy may allow the government to lower taxes, while the Group of 20 nations […]
  • Crude oil weekly recap, June 9 – June 13Crude oil weekly recap, June 9 – June 13 WTI and Brent futures logged sizable weekly gains, as trading ended on Friday. Iraq, a major oil producer and exporter, was the scene of intense fighting, as Islamist insurgents attacked cities. Elsewhere, the US logged a drop for crude oil […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.5001-1.5191. The pair closed at 1.5180, surging 1.15% on a daily basis, or the most since December 3rd, when it appreciated 1.30%. It has been the first gain in the past four trading days. […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.2030-1.1926. The pair closed 0.49% lower at 1.1957, following a 0.7% loss the previous day.At 6:44 GMT today USD/CAD was down 0.25% for the day to trade at 1.1928. The cross held in a […]