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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.

A few more details on Alfa Romeo's subcompact electric crossover for 2022

Last October, Alfa Romeo gave us a few details on a revised four-car lineup to be in place by the end of 2022. With the demise of the Giulietta later this year, the Giulia and and Stelvio would be the only models to carry on. Those two will be joined by a C-segment crossover in 2021 that we know as the Tonale, and a B-segment crossover in 2022 that we don't know much about, but that came with the asterisk, "BEV Variant Available." Autocar has begun putting together pieces of the electric model with a little help from Alfa Romeo. The mag expects the brand's fourth product to be around the size of a BMW X1 and ride on a PSA Group platform, specifically the Electric Common Module Platform (ECMP) already used by cars like the Peugeot e-2008 and Vauxhall e-Corsa. The size and expected specs make us wonder if the BEV crossover would make it here. We get the ICE-powered BMW X1 and Mercedes-Benz GLA, but we don't get the Audi Q2. The powertrain in the e-2008 puts an electric motor on the front axle with 136 horsepower and 192 pound-feet of torque, powered by a 50-kWh battery pack. Maximum range is 193 miles on the WLTP cycle, which could be considered a low bar for the American market even before factoring in the range reduction when tested on the EPA cycle. The Alfa won't be a re-branded Peugeot, though, with an automaker spokesperson telling Autocar the Italian automaker pledges to "stay consistent to Alfa Romeo’s sportiness and use electric motors for a performance approach." That could mean slightly more output from the motor, without compromising a comfortable ride. It will definitely mean switchable sound creation that aims "to get emotion from both the driver and car." We know Alfa Romeo will release the same crossover with an internal combustion engine, which we'd expect to sit on Peugeot's CMP bones, a likelier proposition for sales in North America. The subcompact won't simply shrink the look of the plug-in hybrid Tonale (pictured in concept form), but will have its own personality. “A family feel will be respected," the rep said. "We have style themes across the range – but we donÂ’t want to do a copy and paste across the lineup, because every segment has its own personality. ..." Unless there's another reboot before 2022, these four models will be the team Alfa Romeo plans to ride to 400,000 annual sales, more than three times the automaker's global sales in 2018.

Watch 14 hot rides take over concept car lawn at Pebble Beach

The Pebble Beach Concours d'Elegance is an annual celebration of the beautiful, old cars that grace Monterey Car Week. But Monterey – and Pebble – features lots of newer metal, too, and that includes the concept lawn at Pebble Beach. Now, "concept lawn" isn't a totally accurate name anymore, and you'll see why in the list below. This year especially, plenty of production cars can be found in the area once reserved for the conceptual. Still, we're happy to see them. Here's what's featured this year: Alfa Romeo 4C Spider Audi R8 BAC Mono Bentley EXP 10 Speed 6 BMW 3.0 CSL Hommage R Buick Avenir Galpin-Fisker Rocket Speedster Hyundai HCD-16 Vision G Coupe Icona Volcano Infiniti Q60 Lamborghini Asterion LPI 910-4 Maserati Ghibli McLaren 570S Rolls-Royce Wraith By our count, that's seven concepts out of fourteen cars. But it still makes for one hot group of metal. Check 'em out in the gallery above. Related Video: Related Gallery 2015 Pebble Beach Concept Car Lawn View 38 Photos Image Credit: Copyright 2015 Drew Phillips / AOL Design/Style Alfa Romeo Audi Bentley Buick Infiniti Lamborghini Lincoln McLaren Porsche Concept Cars Videos Original Video Pebble Beach