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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.

Alfa Romeo Zagato-designed Giulia-derived coupe previewed

Alfa Romeo's long-awaited return to the coupe segment may be imminent. The company published an enigmatic preview image on its social media channels that shows the rear end of what's labeled the "Giulia SWB Zagato," and it pledged to release more details in the near future. While there's not much we can glean by looking at the dark teaser, we can at least say with near-certainty that the coupe won't look much like the Giulia when viewed from the back. The photo depicts a thin strip of LEDs that seemingly stretches across the entire rear end, and the basic silhouette is vaguely reminiscent of the Giulia TZ (Tubolare Zagato) and TZ2 coupes built in very limited numbers during the 1960s. Beyond that, your guess regarding what we're looking at is as good as ours. The name strongly suggests that the coupe will be Giulia-based, shorter than the sedan, and designed jointly with Zagato. Company boss Jean-Philippe Imparato has previously confirmed that the two-door model will make its debut at some point in 2023 and he clarified that it will be "very exciting, very selective, and very expensive." To us, it sounds like the coupe will land as a limited-edition model rather than as a regular-production addition to the company's range. What the coupe will be powered by is up in the air as well. Given the Giulia-derived platform, we wouldn't be surprised if power comes from a version of the 2.9-liter, twin-turbocharged V6 that powers the range-topping Quadrifoglio. The six develops 505 horsepower and 443 pound-feet of torque in Alfa Romeo's BMW M3 fighter but those figures could increase in the coupe. Rear-wheel-drive should come standard. Alfa Romeo will publish additional details about the Giulia SWB Zagato in the coming weeks, and we'll see the coupe by the end of 2023. Related video: Design/Style Alfa Romeo Coupe Luxury Performance

Alfa Romeo Stelvio Quadrifoglio is new SUV king of the 'Ring

It's been a couple years since the last Nurburgring SUV lap record was set by the Porsche Cayenne Turbo S, a quick time of 7 minutes and 59 seconds making it the first SUV to pull off a sub-8 minute time. The Cayenne's glory days are over, though, as the Alfa Romeo Stelvio Quadrifoglio just obliterated that time. Alfa's wild SUV with its Ferrari-based 510-horsepower twin-turbo V6 managed to whip around the north loop of the 'Ring in just 7 minutes and 51 seconds. Not only does that make it 8 seconds quicker than the Cayenne, it's an insane 23 seconds faster than the Land Rover Range Rover SVR, the record holder before Porsche. The Stelvio also was working with a notable power disadvantage compared with the Cayenne and the Range Rover. The Porsche packed 565 horsepower, and the Land Rover had 542 horsepower. View 9 Photos Alfa Romeo also got the whole lap on film, which you can view up above. The video also shows that the Stelvio had an aftermarket roll cage fitted for an extra layer of safety. Alfa didn't say anything about how that might affect performance or what may have been done to offset it. But as we always point out with these records, they shouldn't be taken too seriously, especially for the SUV segment, in which we can virtually guarantee no one will be attempting to replicate this lap time with their personal Stelvios. Related Video: