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Marchionne: Maserati to ‘switch all of its portfolio to electrification’  

After 2019, all Maseratis will be electrified, according to FCA CEO Sergio Marchionne. It's part of a larger electrification strategy from FCA as a whole, which intends to have half of its fleet electrified by the end of its five-year plan through 2022, Marchionne said. On an earnings call last week, he said: I'll give you a couple of broad sort of indications of where we are today in terms of the delineation of the post 2018 FCA. The first one and I've mentioned this in passing and other occasions about the fact that there's nothing that will prevent an OEM from engaging in the type of development work that Tesla has done so far. We have been – as you well know, we have been reluctant to embrace that avenue until we saw a clear – a path forward. I think we're now in a position to acknowledge at least one of our brands and in particular Maserati will, when it completes the development of its next two models effectively switch all of its portfolio to electrification. It's especially significant because of FCA's feet-dragging when it comes to offering hybrid and electric vehicles. As it currently stands, Fiat offers the 500e ­– of which Sergio Marchionne has said "I hope you don't buy it" because the company loses money on them — and Chrysler offers the Pacifica Hybrid minivan, which experienced significant launch delays. While diesel is an important part of the emissions strategy for 2020 standards in Europe, Marchionne said he thinks the current situation leaves diesel in a "weaker state" as a solution. Hence the electrification push. He said, "I think what has really made the issue absolutely mandatory now is the fate of diesel and the fact that it's actually the inclusion of, especially in Europe, of some type of electrification on gas engines is inevitable." In the short term, at least, it will put pressure on prices. Though Marchionne said he's "encouraged" by the direction of battery costs, he said, "I still think that there's going to be a huge increase in prices in 2021, 2022. If effectively the electrification becomes as widespread as people expect, there has to be a shift in pricing." He also says that FCA has no intention of making its own batteries. "Given the level of knowledge and depth of that knowledge that sits with other people in the industry, what right do I have to enter that space? None." We already know what the first two plug-in vehicles from Maserati will likely be. The company plans to launch an all-electric Alfieri in 2020.

Maserati GranTurismo Folgore EV shows its shapely sheetmetal

The electric version of the next-generation Maserati GranTurismo is racing towards production. After releasing preliminary specifications, the Italian brand published a batch of photos that show the elegant-looking coupe prowling the streets of Rome, Italy, with very little camouflage. Maserati will lump its upcoming electric models under the Folgore name, a word which means "lightning" in Italian. Its photos suggest that the next GranTurismo will continue to feature the proportions that characterized the original model; the hood is long, the roof line is almost fastback-like, and the trunk is relatively short. These are the styling cues that we expect from a luxury car pelted in the GT segment. Up front, the coupe falls in line with the design language inaugurated by the MC20 and recently seen on the Grecale. The grille is wide and positioned low on the fascia, while the swept-back headlights are mounted higher. We haven't seen the GranTurismo's rear end yet. As we previously reported, Maserati announced that the GranTurismo Folgore will offer over 1,200 horsepower from three electric motors. Figures like the coupe's zero-to-60-mph time and top speed haven't been revealed, but that's a number that should unlock seriously quick acceleration. And, Maserati is committed to letting customers choose whether to go electric. Buyers not interested in getting an EV will have at least one V6-powered version of the GranTurismo to choose from, though here again official details aren't available yet. More details about the Maserati GranTurismo Folgore should emerge in the coming months, and the coupe's unveiling is scheduled for 2023. Looking ahead, the Folgore range will grow with an electric version of the Grecale and replacements for the Quattroporte and the Levante, among other models. On the V6-powered side of the line-up, the mid-engined MC20 will spawn a convertible in the near future. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Maserati betting big on Levante SUV

In 2014, Maserati was booming thanks to a sales spike, and executives contemplated capping production. The company's fortunes, however, have changed quickly this year. Its sales dropped 13 percent globally to 8,281 cars in the second quarter, and earnings were down 30 percent, according to Automotive News. This performance has led the company to pin its future hopes on the launch of the Levante crossover. The Levante arrives in the first half of 2016. An official debut is scheduled for sometime this year, according to the company's five-year plan, though the unveiling might be pushed back until the 2016 Detroit auto show in January, Automotive News reports. The Levante shares a platform with the Ghibli and reportedly will use its V6 engines. The crossover also is expected to have all-wheel drive. Patent drawings suggest a look reminiscent of the earlier Kubang concept (pictured above). FCA explains some of Maserati's current weakness is due to problems in China. Deliveries were down 37 percent there in the second quarter, according to Automotive News, and the country's weak economy isn't expected to let up soon. Related Video: