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FCA is setting a five-year strategy: Here's how the last one played out

We're slightly more than four years removed from Sergio Marchionne last five-year plan for FCA, a tell-all where the Italian-American automaker divulged its plans for the 2014 through 2018 model years. It was a grand affair, where Sergio told FCA investors that all was right in Auburn Hills, Alfa Romeo and Maserati were making comebacks, and the fifth-gen Dodge Viper received a mid-cycle refresh. You can read every last one of those past predictions right here. We're on our way to Europe to see Sergio's sequel, coming out Friday straight from FCA's Italian headquarters. (Bloomberg reports a plan to expand Jeep and Ram globally, combine Alfa Romeo and Maserati into a single division for an eventual spinoff, and downsizing Fiat and Chrysler. Also, EVs.) But before we arrive in Italy and find out exactly what Marchionne has planned for 2019 through 2023 as his last act as CEO, let's take a minute to tally up the results of his last term based on the same scoresheet we used in 2014. Now, we're only five months into 2018, so much of this — including vehicles like the Ram HD and Jeep Grand Wagoneer — could still debut this year. For those, we'll mark things TBD. We're not going to draw any conclusions or make any objectionable remarks. We're simply going to let the stats speak for themselves.

UPDATE: Stellantis says it is not selling Maserati

In a joint statement, Stellantis and Maserati have refuted reports that the Italian brand could be sold: Stellantis has no intention of selling the Trident brand, just as there is no intention of aggregating Maserati within other Italian luxury groups. Stellantis restates its unwavering commitment to Maserati’s bright future as the unique luxury brand within the 14 Stellantis brands. Maserati is in a transition period toward electrification with its Folgore BEV program: today the Trident offers GranTurismo and GranCabrio in ICE and BEV versions, Grecale in ICE, mild-hybrid and BEV versions, while we confirm that successors of the Quattroporte and Levante are also in preparation. Maserati's mission is to write the future of mobility through the best performance in the luxury segment, focusing on the desires of its customers. To achieve its goals, the brand precisely targets a highly specific audience. Maserati is therefore setting up a series of initiatives to expand its presence in the global market, to strengthen its brand image and to underline the uniqueness of its products. Maserati is facing a major challenge and must remain focused on its objectives in the coming months. Stellantis reaffirms its commitment to its entire portfolio of 14 iconic brands and recalls that each of them has a 10-year horizon to build a profitable and sustainable business, while recognizing that market volatility and temporary situations may cause fluctuations. The original story continues: Maserati posted disappointing sales and revenue figures shortly after Stellantis CEO Carlos Tavares warned that the group can't afford to have brands that don't make money. While nothing is set in stone, one of the group's executives said that selling the brand isn't off the table. Industry trade journal Automotive News Europe (subscription required) learned that Maserati sold approximately 6,500 cars globally between January and June 2024, down from around 15,300 units during the same time period in 2023. It posted an adjusted operating loss of ˆ82 million (about $88.7 million) during the first six months of the year, compared to a profit of ˆ121 million (about $130 million) in 2023. "The first half has been disappointing," admitted Natalie Knight, the chief financial officer at Stellantis, on a call with journalists.

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.