FCA's Fiat, Alfa Romeo, Jeep and Abarth brands will not take part in this year's Paris auto show, according to French media reports. FCA joins automakers including Ford and VW brand in skipping one of Europe's top showcases for product debuts.
If FCA's five-year forecast comes to pass, dealers will get products including a new three-row Jeep Grand Cherokee, a midsize Ram pickup, several new or updated Alfa Romeos, a Tesla-fighting Maserati coupe and a midsize Maserati plug-in hybrid crossover.
Carried by Jeep, sales by FCA US rose 11 percent in May to 214,294 vehicles. Three recently redesigned Jeep models -- the Wrangler, Cherokee and Compass -- powered the company to its best showing since May 2004.
Sergio Marchionne's last hurrah as CEO of Fiat Chrysler entails betting the carmaker's future on Jeeps and Maserati luxury cars while downsizing its namesake brands, people familiar with the matter told Bloomberg. The company is considering ending sales of Fiat cars in North America and China in the coming years, while mostly confining Chrysler to the United States.