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For his last act, Marchionne will outline an EV/hybrid roadmap this week

MILAN/LONDON — Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world's seventh-largest carmaker remains in the race in the absence of a merger. The 65-year-old will present FCA's strategy to 2022, his final contribution to the company he turned around and multiplied in value through 14 years of canny dealmaking. After failing to secure a tie-up he said was necessary to manage the costs of producing cleaner vehicles, Marchionne needs to show the group can keep churning out profits on its own, even as emissions rules tighten, SUV competition intensifies and worries around his succession abound. Marchionne had long refused to jump on the electrification bandwagon, saying he would only do so if selling battery-powered cars could be done at a profit. He even urged customers not to buy FCA's Fiat 500e, its only battery-powered model, because he was losing money on each sold. But Tesla's success and the need to comply with tougher emissions rules have forced Marchionne to commit to what he calls "most painful" spending. "FCA is way behind rivals in terms of hybrid and electric vehicles and they need to hit the accelerator to convince investors they can close that gap," said Andrea Pastorelli, a fund manager at 8a+ Investimenti. Germany's Volkswagen, Daimler, BMW and U.S. rivals GM and Ford have committed to spending billions of euros each in coming years to try produce profitable cars powered by cleaner fuels. FCA needs to present a clear roadmap, just like Volvo Cars, which ditched diesel from its best-selling XC60 SUV, launched a new electric brand and pledged to shift all brands to hybrid by 2019, a banking source close to FCA said, noting: "The tech divide determines winners and losers in the industry." Marchionne has already said half of the wider FCA fleet will incorporate some elements of electrification by 2022, while luxury marque Maserati will spearhead FCA's electrification drive by making all new models due after 2019 electric. But its plans remain vaguer and less advanced than most big rivals and some investors wonder about the capital required to make vehicles compliant, and what share of spending can go to electrification given FCA's numerous demands.

Alfa Romeo Stelvio SUV to lead Italians' EV charge in 2026

Stepping up its commitment toward electric mobility, Alfa Romeo’s chief executive CEO Jean-Philippe Imparato says that the second-generation Stelvio SUV will arrive with electric power in 2026 to replace the current model, and be followed a year later with a large EV sedan. As reported by BritainÂ’s Autocar, the Mk2 StelvioÂ’s design wonÂ’t change much, but the underpinnings will adopt the so-called STLA platform, which is part of Alfa ownerÂ’s StellantisÂ’ range announced a couple of years ago. For the 2024 model year, both the Guilia sedan and the Stelvio will continue with gas power before the switch to electric, and will receive one final refresh before then, said senior VP Larry Dominique. The Italians have also added what Dominique called “buzz models”: the Estrema and the Lusso and Competizione editions. On the subject of extended range for the EVs, Imparato mentioned that the Guilia successor would likely offer up to 435 miles on one charge. Given that the upcoming saloon and SUV will share a platform with the Giulia, they will most likely share its fundamental drivetrain offering too. Alfa has also suggested that the 500-plus horsepower Quadrofoglio will eventually evolve into an electric variant of the Guilia, pumping out a possible overachieving 1,000 horsepower. A new plug-in hybrid SUV called Tonale, a bit smaller than the Stelvio, is due shortly at dealers in the U.S. Related video:

Alfa Romeo takes Spider in-house, Mazda-Fiat roadster partnership not dead

It's officially off. Following a report in March of this year that the marriage of Mazda and Alfa Romeo to produce a MX-5-based Spider was in trouble, the Italians have confirmed that it will take development in-house. "As far as the Spider goes, the final version is of course no longer the two-seater FCA co-developed with Mazda but a derivative of Project Giorgio," Maserati and Alfa Romeo brand boss Harald Wester told Car. For those not in the know, Project Giorgio is Alfa's codename for the rear-drive platform that will underpin the next-generation Spider, not to mention the replacement for the 159 sedan and a few other products. All is not lost for the Japanese-Italian partnership, though. "The Far East import will probably find a new home with Fiat-Abarth," Wester told Car. Yes, you read that correctly, Mazda is still working with FCA, and the result will eventually end up with Abarth's scorpion badge. If anything, we're more excited over this news than the idea of an Alfa MX-5. But we want to know what you think – would you rather Alfa build a new Spider on the Miata's bones, or does an MX-5 Abarth sound like more fun? Have your say in Comments.