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Black 6050 16th July 2014 14:54

Fiat Chrysler Future Plans:
Fiat Chrysler Future Plans:

Chrysler will become the mainstream brand for North America, designed to compete with Toyota and Chevrolet. The Town & Country minivan will get an update and add a plug-in hybrid version for 2016. A new compact car, the 100,will compete with the Toyota Corolla in 2016.

Dodge will lose the Grand Caravan (after 30 years on the market) and the Avenger sedan and concentrate on being a sporty, performance-oriented brand designed to appeal to younger buyers. The SRT brand, which includes the Viper sports car, will be consolidated with Dodge.

Jeep sales are expected to top one million this year, and can grow to 1.9 million by 2018 with an aggressive global expansion, particularly in Latin America and Asia. A new compact SUV in 2016 will replace the Compass and Patriot, and the seven-passenger Grand Wagoneer will launch in 2017. Jeep currently makes vehicles at three plants in the U.S. By 2018, it expects nearly half of all production to come from plants in Latin America, Europe and China.

Fiat brand sales are expected to grow from 1.5 million in 2013 to 1.9 million in 2018. New vehicles will include a subcompact car and compact pickup truck for South America in 2015, the Fiat 500X crossover for North America in 2015 and a new Panda small car for Europe in 2018.

Alfa-Romeo, which returns to the U.S. this year with the 4C sports car, plans to introduce eight vehicles globally by 2018, including small, midsize, and full-size cars along with two SUVs. Alfa CEO Harald Wester said that the company will invest nearly $7 billion to develop and make the new vehicles. Alfa hopes to increase sales from 74,000 in 2013 to 400,000 in 2018.

Maserati, which sells four different cars now, will have six by 2018.

Fiat Chrysler CEO Sergio Marchionne said that the combined company wants to grow sales 60 percent to more than 7 million cars and trucks by 2018. Fiat Chrysler sold 4.4 million cars and trucks last year, compared with 6.3 million for Detroit rival Ford. Toyota was the global leader with sales of 9.98million vehicles.

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