With June 1st only a couple days away, rumors are running rapid on the internet about Fiat Chrysler Automobiles (FCA) big investor meeting. Friday’s meeting will host FCA’s Investor Day, where FCA will layout its plan on how the company will operate for the next 5 years. It will also mark the last time that FCA CEO Sergio Marchionne will lead such a meeting as he is set to retire from his CEO position in early 2019.
Amid the rumors is that Marchionne will name is successor at the meeting. This could happen, however we feel it will probably happen later in the year. Some people have FCA Chairman John Elkann as Marchionne successor, while others are weighing in on FCA COO of Asia (APAC) region and CEO of Jeep and Ram brands, Mike Manley.
Autoblog, along with Reuters is saying the Marchionne will lay down a extensive plan about future EVs inside the FCA brands. We don’t feel that this is Marchionne’s core plan, has he stated at the North American International Auto Show in Detroit earlier this year that EVs were not worth the investment and that FCA only builds them to comply with government regulations.
FCA has shown that they plan on using gas/electric systems to push fuel economy numbers on a lot of their vehicles for both North America and world markets. Vehicles like the Ram 1500 (DT), Jeep Wrangler (JL), Chrysler Pacifica (RU) and the all-new Jeep Grand Commander (K8) will all feature a gas/electric powertrain options. FCA US has already announced that a plug-in Jeep Wrangler will join the lineup in 2020 as well. So it’s not out of the question, that their will be gas/electric vehicles in the lineup. However, don’t expect straight EVs.
The upcoming five year plan will also outline the brands and their portfolios. We hear that Alfa Romeo will be getting an E-Segment large SUV for sure.
Chrysler’s future will entail finally getting a full-size CUV based on the Pacifica after the Dodge Grand Caravan ends production in 2019. Chrysler will also introduce a vehicle that will ultimately replace the aging Dodge Journey. It will be a three-row mid-size CUV based on the Chinese market Jeep Grand Commander.
Dodge will get an all-new Charger, Challenger and Durango for the 2021 model year. Rumors around the internet say a Dodge Viper will come in 2021, but we heard from our sources a new GT car will come in play around the 2023 model year. Dodge should also get a mid-size CUV based on the RWD/AWD Giorgio platform around 2020.
Jeep already has announced much of their lineup already for the next few years. The all-new Grand Cherokee (WL) will launch in late 2019 as a 2020 model. Two Wagoneers (WS) will debut during the 2020 model year. As well as the introduction of the Wrangler Truck (JT) in 2019, will grow the brand.
Ram Trucks is hard at work on the replacement HD models for a 2020 model year debut. Those trucks will be built alongside the Wagoneers in Warren, Michigan. The Ram ProMaster and ProMaster City vans will also have minor refreshes in the upcoming future as well.
It is rumored that Marchionne will announce that Fiat will drop a couple of it’s lower profitable vehicles from it’s global portfolio during Friday’s meeting. There is no word if Fiat will launch any new vehicles in the North American market. However, it has been seen that a lot of Fiat stand alone studios have been closing around the U.S. and in return Chrysler/Dodge/Jeep/Ram dealerships in those markets have now begun selling Fiats in their showrooms. This would allow the CDJR dealerships to offer an entry level budget cars, where brands like Toyota and Chevrolet have invested a lot into entry level small cars to bring people in their dealerships.
We believe that most of the Fiat Studios that stay intact will be ones that have both the Fiat and Alfa Romeo brands.
So Friday will be a eye opening day for FCA was a worldwide company. So stay tuned for as we cover all the details as they are released.