History 2022 Maserati Alfieris

History 2022 Maserati Alfieris

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BALOCCO, Italy (AP) — The Latest on Fiat Chrysler’s new business plan (all times local):

12:25 p.m.

Fiat Chrysler’s exceptional brand, Alfa Romeo, is still targeting 400,000 in anniversary sales, but now for 2022, accepting absent the antecedent ambition of this year.

Alfa Romeo has developed from 66,000 cartage a year in 2014 to 170,000 a year anticipation for 2018. That is well-shy of the 400,000 mark the carmaker had set out in its aftermost five-year business plan in 2014.

Brand arch Timothy Kuniskis told an broker presentation that Alfa will cycle out seven new launches over the five-year period, including updates of the Giulia and Giulietta commuter vehicles.

He said “the timing of our amplification affairs couldn’t be added optimal” acclimatized the exceptional bazaar is anticipation to abound at alert the amount of the boilerplate commuter car segment. Like the Jeep and Maserati brands, Alfa will put a beginning focus on electrified powertrains and abandon diesel.

___

12:20 p.m.

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The arch of Fiat Chrysler’s affluence cast Maserati says they are targeting Tesla with their five-year plan to barrage all of its cartage additionally with electrified versions.

Brand arch Timothy Kuniskis said Maserati is entering an absolute accord with Ferrari for all approaching powertrains, including hybrid, constituent amalgam and full-battery electric, while it eliminates agent engines. Ferrari was allotment of the Fiat Chrysler portfolio until its 2016 aftereffect and the two companies allotment a CEO, Sergio Marchionne.

The cast will acquaint two cast new cartage over the five-year plan, including an all-electric supercar called “Alfieri” that will advance from 0-100 kilometers an hour about two seconds. The added new agent will be a beyond account vehicle.

He added: “with an all-electric supercar, it may attending like we are targeting Tesla. We are.”

He said Maserati targets sales of 100,000 cars a year and 15-percent margins by 2022, from 50,000 sales in 2017.

___

11:45 a.m.

Jeep cast arch Mike Manley says all Jeep cartage will accept an electrified adaptation by the end of the company’s five-year business plan to accomplish the cast added environmentally friendly.

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Manley said that Jeep currently sells about 1.9 actor cartage a year. He did not accord a ambition for sales in 2022 but said that currently one in every 17 account cartage awash in the apple is a Jeep and he expects that to be one in 12 by 2022.

Manley said that transformation to added environmentally affable technology will accommodate bottomward agent engines in Europe and the Middle East. He said Jeep should be added able than best brands to compensate the advance in electrification because the technology will additionally enhance torque controls, article he believes Jeep barter are accommodating to pay for.

Jeep will access three new segments: a baby city-car admeasurement SUV targeting barter acclimatized to sedans and hatchback, beyond SUVs with three rows of seats which comprise the better articulation in key markets and the extra-large SUV.

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10:30 a.m.

Fiat Chrysler CEO Sergio Marchionne has told investors that he expects Fiat will ability aught debt by the end of this month, and maintained a affiance to abrasion a tie to accomplish the announcement.

The 65-year-old Italian-Canadian administrator is acclaimed for absolutely cutting fleet dejected cashmere sweaters and never a tie, no amount the event. But as he appear the access of the zero-debt milestone, Marchionne abashed a affiliate cardigan to acknowledge a dejected tie — the first, he said, he has beat in a decade.

Marchionne said debt is “a bequest that has adamant both Fiat and Chrysler for decades,” and that abatement it “is a axiological change in how this aggregation is perceived. It is a cogent anniversary in the action of healing of a structural weakness.”

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The CEO said that the day-long presentation of a new business plan would focus on Jeep SUVs, Ram trucks and exceptional brands Maserati and Alfo Romeo. He said: “these brands comprise the best cogent allotment of our revenues.”

___

9:20 a.m.

Fiat Chrysler CEO Sergio Marchionne is analogue his business plan for the automaker’s abutting bristles years in his aftermost big presentation to investors afore backward abutting year.

The presentation Friday of the 2018-2022 business plan marks Marchionne’s admirable finale, 14 years to the day afterwards he was called Fiat CEO. During that time he has alloyed Fiat with U.S. carmaker Chrysler and spun off the automated agent business and sports carmaker Ferrari.

Markets will be watching for Fiat’s affairs in Italy, area Marchionne has focused assembly on the exceptional Maserati and Alfa Romeo brands; the United States, area Fiat Chrysler has led the action of auctioning commuter cars for higher-margin trucks and crossovers; and China.

Marchionne has said a almsman would appear from aural the company.

Copyright © The Associated Press. All rights reserved. This actual may not be published, broadcast, rewritten or redistributed.

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