Fiat Chrysler (FCA) has confirmed it'll spend over €5 billion ($7.7 billion) on new products and drivetrains to be produced at its Italian factories.
The automaker met with union officials last week to outline its updated production plans for the next three years, which it hopes will return the company's Italian factories to full employment.
Above: Jeep Compass.
To be built at Pomigliano factory, the new crossover will be available with a plug-in hybrid drivetrain.
Speaking of the Stelvio, its platform will be used for a new, more affordable Maserati crossover positioned below the Levante.
Maserati's Modena factory will also build a new model for the brand. Although the products haven't been officially announced, reports in the Italian media suggest it will be the electric Alfieri coupe and convertible.
Above: Fiat 500.
Fiat Chrysler also plans to build the all-electric variant of the 500 at its Mirafiori factory in Turin. Regular versions of the 500 will continue to be produced in Poland.
Pietro Gorlier, head of FCA Europe, told Automotive News and other outlets the automaker's Italian factories will launch 13 new or updated models by 2021.
He also stated the company's earlier target to end diesel engine production by 2021 was "too aggressive". While noting the trend away from compression ignition engines, he said FCA will continue making diesels beyond 2021.
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