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Monday, 06/01/2020 9:06:25 AM

Monday, June 01, 2020 9:06:25 AM

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On May 6, 2014, Fiat Chrysler Automobiles announced its 5-year business plan.[55] The company expects that sales will increase to 7 million units, revenues to €132 billion, net income to €5 billion and industrial debt will peak at €11 billion in 2015, and then reduce to €0.5-1 billion by end of 2018.[56] The Group updated its business plan targets in January 2016 at the time FY 2015 were announced.

Much of the global growth will be focused around Jeep, due to its high visibility globally as well as the growing SUV market in developing markets. Chrysler will be re-positioned as the company's mainstream North American brand to compete with Ford, Chevrolet, Toyota, and Volkswagen, while Dodge will focus on performance-based vehicles. Alfa Romeo will become the company's premium marque to compete with Mercedes-Benz, BMW, and Audi, while Maserati will be the company's ultra-luxury brand to compete with Bentley and Rolls-Royce. Fiat (which will remain the company's mainstream brand outside North America) and Ram Trucks will remain largely unchanged, while SRT was merged back into Dodge.[57] Conspicuously absent in the announcement was Lancia, which was later confirmed to be withdrawing from all markets outside Italy.[58]

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