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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.

Dodge Charger SRT Widebody spied filming a commercial

The voice you hear in the video just below appears to be from Instagram user eviil_srt, and as you can tell, he's quite the Mopar superfan. Thing is, the car you see in that video appears worthy of such a fan's adoration. It's clearly a Dodge Charger Widebody, a vehicle that we've been anxiously awaiting ever since it was revealed in prototype form by Mark Trostle, head of design for Dodge and SRT, at Spring Fest 14. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Actually, we've been seeing hints of the wide Charger far longer than that – it was spotted testing on public roads before its officialish debut, and even prior to that, the car's rumored existence had the Internet rumbling with the force of a 700-plus-horsepower supercharged Hemi V8 for months. All that preamble brings us back to the present and the aforementioned Instagram post, in which this upcoming production Widebody was spotted presumably filming for an official television commercial debut. Note the body-color license plate on the Charger Widebody in the video, which indicates it's probably being used for an official purpose by Dodge. It's a short clip, but just long enough that we can clearly make out a big rear wing, vented bumper cover, and deep diffuser punctuated by large dual exhaust tips. We also see some extremely wide tires front and rear, which makes sense considering that there's very likely a whole corral's worth of ponies underhood. The current Dodge Challenger Widebody style is offered on the 485-horsepower R/T Scat Pack trim level, the SRT Hellcat trim level that bumps horsepower all the way to 717, and, for buyers who really hate their rear tires, the 797-hp Hellcat Redeye trim level. Dodge hasn't yet extended the excessively powerful Redeye engine to the Charger line, but the other two levels seem likely. And who knows – the Widebody's introduction might be the perfect opportunity to build a Charger Redeye. In any case, the fact that Dodge is filming commercials indicates that we won't have to wait much longer to find out for sure.

Gas prices down, 707-hp engine production up... USA!

On Saturday, the United States of America will celebrate its 239th birthday. That means fireworks, barbecues, block parties, and, oh yeah, Hellcat engines and low fuel prices. The most American of (Mexican-built) powerplants, the big, loud, supercharged, 707-horsepower Hemi is slated for yet another production boost to match up with some serious demand, while the dino juice it runs on is cheaper than it's been in over half a decade. The Saltillo, Mexico engine factory already produces some 4,000 Hellcat engines each year – that's in addition to the Tigershark four-cylinder, the 5.7-liter Hemi, and 6.4-liter SRT Hemi V8s – and it's not entirely clear how many more might get added to that total. What we do know, though, is that Fiat Chrysler can't build the engines fast enough. "We're going to build more [Hellcats] for 2016," SRT boss Tim Kuniskis told Automotive News. "It's a small sliver of what we sell, but it really creates a halo for the rest of the lineup. For example, the next highest car, the Scat Pack Challenger, I have essentially a zero-day supply. It's sold out." This bit of good news comes on the back of something equally good – low summer gas prices. According to the US Energy Information Administration, the nationwide average for for "all formulations" of fuel in June sits at $2.885. Ignoring the remarkably low prices we saw in January and February of this year – figures that themselves hadn't been seen since May of 2009 – the national average hasn't sat that low since October 2010. So yes, it's a very a good time to be an American gearhead. News Source: Automotive News - sub. req., US Energy Information AdministrationImage Credit: US EIA Green Plants/Manufacturing Dodge Fuel Efficiency Coupe Performance Sedan dodge challenger srt tim kuniskis dodge charger srt