MILAN -- Alfa Romeo will not be profitable this year, Fiat Chrysler Automobiles CEO Sergio Marchionne told analysts during FCA's fourth-quarter earnings call on Thursday.
FCA is still rebuilding the sporty brand, Marchionne said. "The losses are shrinking, but we need more volumes," he said.
FCA did not break out Alfa's 2017 financial performance and Marchionne did not give a timetable for Alfa's return to profitability.
Marchionne and FCA Chief Financial Officer Richard Palmer had expected Alfa to turn a profit this year after the brand launched the Giulia sedan and Stelvio SUV.