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BMW may source more US steel its auto plant after tariff move

on June 01, 2018

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FCA to invest heavily in Maserati, Alfa Romeo luxury brands

Though they've been cash-starved for decades, Italian luxury brands Alfa Romeo and Maserati may have a bright future. That's according to the five-year plan revealed Friday by Fiat Chrysler Automobiles, which owns the two Italian divisions. FCA indicated that Maserati will continue to push upmarket, while Alfa Romeo will branch out with a new subcompact crossover SUV, a full-size crossover SUV, and a sporty coupe which will reboot the historic GTV nameplate. In addition to its Stelvio compact crossover, Alfa plans by 2022 to offer a smaller model that would square off against the BMW X1 and the Volvo XC40. An extended version of the Stelvio, possibly with three rows of seats, will expand the company's first crossover SUV nameplate. Additionally, the company said it plans a larger crossover SUV that could compete with mid-size models such as the BMW X5 and Mercedes-Benz GLE-Class. The two new SUVs are likely to be available with plug-in hybrid powertrains and at least Lev

Long-term plans for Jeep, Alfa Romeo, Maserati hinge on tech-heavy future

Nearly 15 years after Fiat Chrysler Automobiles CEO Sergio Marchionne took the reins of the global automaker, the only consistent force within the company has been change. On Friday, Marchionne and other FCA executives outlined a broad plan to focus heavily on worldwide sales of Jeep, Alfa Romeo, and Maserati, while letting other brands such as Fiat and Chrysler somewhat wither. MORE: Upcoming Ram Rebel TRX to square-off against Ford F-150 Raptor off road The presentation was aimed toward investors in a bid to bring more money into the stretched automaker's coffers. The plan is focused heavily on utility sales to bolster the company's position. It's a tone that FCA has used before, notably in 2009 and 2014 when the automaker outlined similar plans, but Marchionne's announced departure set a new timbre for urgency. In addition to individual brands, FCA announced a gradual phase-out of diesel powertrains in everyday vehicles (but not commercial vehicles), and a phase

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BMW may source more US steel its auto plant after tariff move

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