In October it was revealed the Maserati Alfieri, which was first shown in concept form at the 2014 Geneva Motor Show, would not arrive in 2016 as planned. The introduction of the sportscar remains off course, with Fiat Chrysler shifting its spending elsewhere as demand for luxury automobiles in China shrinks – according to Bloomberg.
The Alfieri, named after Maserati’s founder Alfieri Maserati, is expected to retain many of the concept car’s styling features when the production model arrives in 2018. Under the hood will be Maserati’s 3.0-liter V6 in 450 and 520 horsepower flavors and all-wheel drive may also be offered.
Fiat Chrysler has also delayed the production of a planned Alfa Romeo mid-size sedan as it reconsiders its product strategy. China’s economy is forecasted to experience little growth in coming years, and with the country being a major buyer of luxury automobiles, cheaper cars like the Alfa Romeo Mito are becoming more crucial to Fiat Chrysler’s business.
“While it’s a rational decision to step back from some projects and concentrate resources on the most important ones, the carmaker isn’t getting nearer to its 2018 sales target (of selling 7 million cars)” Ian Fletcher, an analyst at IHS in London told Bloomberg in an interview.