Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Jeep's India and global plans detailed in FCA's five year plan

The lender's financing agreement with Fiat Chrysler can be terminated if Chrysler Capital fails to meet origination goals within the first five years, according to Santander filings, which note that this could have a "materially adverse impact" on its business. The 500 family in particular will become a big part of the electrification drive in Europe.

Regarding media speculation that there would be discussion of ending the Chrysler brand, Marchionne dismissed it as "talking nonsense". But he said that now one in every 17 utility vehicles sold in the world is a Jeep and he expects that to be one in 12 by 2022 with the launch of 10 hybrids and four full electric vehicles.

Leading this impressive sales growth was once again the Jeep moniker.

Kuniskis said the Maserati Alfieri will be built on a modular spaceframe, available as a battery-electric and plug-in hybrid. The brand forecasts sales will double from last year to 100,000 cars a year by 2022.

USA auto sales have been bumpy this year - down in February, up in March, down again in April - as consumers continue to shift away from traditional sedans into pickup trucks, SUVs and crossovers, which are generally more expensive and generate higher profits for manufacturers.

FCA's Milan-listed shares closed down 4.5 percent.

The move prompted the company to eliminate the margin gap with its biggest United States rivals GM and Ford and now Europe is the focus of investors.

The group said in slides an in-house financing business could boost a US vehicle business' earnings by between 10-25 percent.

"A similarly credible exercise for EMEA (Europe, Middle East and Africa) will give investors confidence in targets for the region", said George Galliers, an analyst at Evercore ISI.

Jeep has been a bit of a golden goose for FCA being in the right place at the right time with an explosive increase in popularity for SUVs and crossovers in the last few years.

With the FCA CEO Sergio Marchionne having being outspokenly critical of EVs in the past, the automaker's efforts towards the electrification of its vehicle line-up have been fairly slow.

Marchionne said of elimination of the debt that "this is nothing to brag about... it doesn't make us better than others".

FCA has an ambitious-perhaps too ambitious-plan for Alfa Romeo.

Asked whether the company would seek a merger deal in the post-Marchionne era, John Elkann, FCA chairman and scion of Fiat's founding family, said that while his clan has always been open to considering M&A to strengthen the company, with its future "so bright" there was no talk of selling.

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