2023 Alfa Romeo Giulia Veloce on 2040-cars

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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.

Drive like Mario Andretti in his 1981 Alfa Romeo GTV-6

In the United States, Mario Andretti is the racing driver whose name is likely best known among the general public. Over his decades-long career, Andretti has driven into the winner's circle numerous times and in a variety of racing series and venues. He is an ex-Formula One champion (1978), a four-time IndyCar champion, as well as an Indy 500 winner (1969). And while we mere mortals probably cannot drive like Mario Andretti, we can drive one of Mario Andretti's cars, specifically this 1981 Alfa Romeo GTV-6, which is currently for sale at classic-car vendor LBI Limited. Based on the pictures of this Alfa, the car shows just under 36,000 miles. This GTV-6 is finished in Grigio over a tan leather interior. Power is by a 2.5-liter DOHC V6. Equipment includes a five-speed manual, power windows, air conditioning, a wood-rim steering wheel and a Blaupunkt cassette stereo. Andretti drove for the Alfa Romeo F1 team in 1981, and he also appeared in ads for the GTV-6. There was even a Mario Andretti limited edition of the earlier European-market Alfa Romeo GTV in 1976. This car reportedly was a gift from the automaker and was delivered in May 1981. He reportedly kept it for a year, although his ownership is documented (click the "View Documents" tab on the listing). The current asking price for this Alfa is $48,000, although there may be some wiggle room there, given that this car appears to have been a no-sale in a May 2020 RM Sotheby's auction where it garnered a high bid of $28,000. That's about $8K more than is sold for at auction in 2016, although the car is said to have since had thousands of dollars in service. Regardless of the price, this is a cool Alfa with a direct connection to America's most famous racing driver. Related video:

Listen to the 2019 Alfa Romeo Giulia Quadrifoglio's howling Ferrari V6

There's a lot that makes the 2019 Alfa Romeo Giulia Quadrifoglio special, from its name to its handling. But arguably its biggest claim to fame is the twin-turbo 2.9-liter V6 under the hood that was derived from a Ferrari engine. It makes 505 horsepower and 443 pound-feet of torque, and all that grunt goes through an eight-speed automatic transmission on its way to the rear wheels. Being a Ferrari-related engine, it has a suitably impressive exhaust note. Pop it into "Dynamic" mode, and the exhaust opens up. It's plenty loud with higher revs, but quiets down on the highway, avoiding much drone. The note is unique, with a deeper tone than you might expect from the Prancing Horse brand. It also has rippling crackles that occur more naturally than some of its consistently popping competitors from Germany. Take a listen for yourself with the video above.