FCA approves the investment necessary to renew the factory where it will be produced
Alfa Romeo has confirmed its plans to launch its first compact SUV on the market in the second half of 2021, based on the Alfa Romeo Concept Tonale seen in Geneva.
The Italian firm wants to be present in this segment that currently has a capital importance in the European market. A segment in which the group FCA It is already present with Jeep.
As you will remember, the Alfa Romeo Tonale Concept had hybrid motorization and was based on a platform Jeep. Prior to its launch, Jeep will already have hybrid versions of its Compass and Renegade on the market, as there will be a hybrid version of the Maserati Levante, as FCA announced when explaining its future plans. They emphasized the willingness to strengthen both Jeep – which is currently the most profitable of the group – and Alfa Romeo and Maserati, the brands likely to add more value to the group.
In December of last year Mike Manley, the CEO of FCA, had already anticipated to the unions these plans for the compact SUV of Alfa Romeo, although without specifying terms or where it would be manufactured.
Now, the FCA group has confirmed that the new Tonale will be developed at the factory that the group has near Naples, Italy, and that 1,000 million euros will be allocated to the update of the same. An investment that is part of the promise of investing around 5,000 million euros in Italy before 2021, aimed at the launch of new hybrid and electric models. It should be remembered that FCA is trying to negotiate with Renault in this field and that if the talks initially collapsed, which accelerated FCA's plans while trying to lay the groundwork for a new attempt to agree with Renault.
Together with this Alfa Romeo, FCA plans to produce a hybrid version of the future Panda in the same factory, which should begin production at the end of next year.
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