1991 Alfa Romeo Spider Veloce Rare Silver/tan 55k Miles 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.

Alfa Romeo to launch eight new products by 2018, increase sales to 400K units

Alfa Romeo will go back to being the brand people admire, according to CEO Harald Wester.
After a few streams of news on the various brands in the Fiat Chrysler family, here's the deluge we've been waiting for - Alfa Romeo. The legendary Italian brand is being pointed towards a renaissance, as shown by the brand's five-year plan.

Alfa Romeo Stelvio caught hiding under ugly black camouflage

The vehicle you see here, bedecked as it is in camo-shaped warts and baubles, is the Alfa Romeo Stelvio. Behind all that ungainly black plastic hides a jacked-up crossover based on the bones of the upcoming Gulia sedan, which, painfully, we're still waiting to officially launch. Suffice it to say that we're not expecting to see a production version of the Stelvio until much later in 2016. Up front, the well-established rounded-triangle grille that marks the Alfa Romeo marque comes through loud and clear... though it looks a little bit sickly covered in all that cladding. We're sure it'll be appropriately prettied up for production, and we're equally certain the slit-like headlamp cutouts are hiding stylish swept-back lighting units. We can't make out much of the Stelvio's bodysides, but we see some nicely aggressive rolling stock to go along with what appears to be a pretty steeply raked greenhouse. View 10 Photos That incongruously shaped chunk hanging off the back glass was likely tacked on to hide the shape of the actual tailgate, and perhaps there are some sensors or computers hanging around inside the box to feed more data to engineers. There's no telling what's powering this Stelvio mule, but it could be a version of the 2.9-liter, 505-horsepower, twin-turbo V6 that we can't wait to sample in the Guilia Quadrifoglio Verde. For production, expect four- and six-cylinder options, in both gasoline and diesel flavors, depending on where the car is sold. We can clearly see the Stelvio is out on the road, generating test miles ahead of a hoped-for release in early 2017. The next logical question, then, is this: Will Alfa Romeo actually launch the Stelvio on time? Related Video: Image Credit: Brian Williams/Spiedbilde Spy Photos Alfa Romeo Crossover Future Vehicles alfa romeo stelvio