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Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.
Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo. Its replacement will be a five-door Fiat 500 aimed at upmarket buyers (sounds awfully similar to the 500L) that will be built in Poland. Lower-end customers will reportedly be served by variants of the Fiat Panda.
Borrowing a page from the BMW, Daimler and Volkswagen playbook, reports Automotive News, Fiat is said to have plans to reignite production at its Italian factories by retooling them to build high-end vehicles from Maserati and Alfa Romeo. These will be marketed as premium products, built by skilled Italian workers (who are paid wages that are 75-percent higher than those building Fiats in Poland), and will be sold around the world.

2022 Maserati Grecale spy photos show new SUV behind Stellantis gates

Here’s our first good look at the upcoming Maserati Grecale. Maserati dropped a few shadowy and blurry images as a teaser a couple months ago, but they only provided a vague idea of what we should expect from the compact crossover. The blue camouflage theme is one consistency, and it seems the level of coverage on the car is similarly enveloping. It's deception following deception up front, as the hood features strange bulges, and the headlights look taped on. The only visible opening is a grated intake in the lower side bumper area. That said, we do have a better look at the proportions without blur or confusion. Rumors point to this crossover using the Alfa Romeo-developed Giorgio platform, despite reports of that platform not having much of a future at Stellantis. That means it should be similar in size to the Alfa Romeo Stelvio. Seeing it parked nearby a camouflaged Jeep Compass, this approximation appears to ring true. It looks like itÂ’s a bit larger than the Jeep, which is as it should be, considering the Grecale should be one class larger. Those big, wide hips are visible from the front three-quarter angle, but theyÂ’re extra dramatic from the rear. We have a feeling that the Grecale is going to look much sportier than the Levante does, and hopefully more handsome, too. The big, quad exhaust poking out the back is another big hint in that direction. All the powertrain details are still shrouded in mystery, but the likely options are a base four-cylinder turbo and a boosted V6 as the upgrade. WeÂ’ll be especially interested to see if the car launches with a Trofeo model to compete with other high-powered compact models like the Porsche Macan Turbo, BMW X3 M and Mercedes-AMG GLC 63. From the shape we can see here, it looks like the Grecale will be a traditionally-shaped crossover, albeit one with a pretty severe angle to its rear window. ThereÂ’s a fairly large hood of a rear spoiler to hang over that window, but the dominating feature out back are the horizontally-stretching rear taillights. Everything else is covered in camo, so weÂ’ll need to wait for Maserati to reveal its secrets when itÂ’s good and ready. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Stellantis says it has no intention of selling Maserati

  Stellantis has no intention of selling its luxury vehicle business Maserati or aggregating the unit with other Italian luxury groups, the Jeep maker said on Tuesday. "Stellantis restates unwavering commitment to Maserati's bright future as the unique luxury brand of the 14 Stellantis brands," the carmaker said in a statement, while also reaffirming commitment to its entire portfolio. Carlos Tavares, the Netherlands-based automaker's chief, warned last week that if the company's loss-making brands "don't make money, we'll shut them down". The comments came after Stellantis delivered worse-than-expected results for the first half. The Chrysler-parent does not release figures for individual brands, except for Maserati, which reported an adjusted operating loss of 82 million euros for the first half of the year. Some analysts had previously noted that Maserati could possibly be a target for a sale by Stellantis, which the company's chief financial officer did not rule out, while other brands such as Lancia or DS might be at risk of being scrapped, given their marginal contribution to the group's overall sales.