FCA To Spend Over $1 Billion For The Alfa Romeo Tonale And Panda’s Hybrid Successor

Fiat Chrysler Automobiles will reportedly invest almost 1 billion euros ($1.1 billion in current exchange rates) in the development of the production version of the Alfa Romeo Tonale compact SUV concept, as well as the Fiat Panda’s hybrid successor.

AutoNews cites a statement from metal mechanic unions FIM, UILM, FISMIC, UGLM and AQCF, saying that the two new models will be produced at FCA’s Pomigliano factory near Naples in Italy.

Also Read: It’s Official – Fiat Kills The 500 Hatch In North America

The major investment is just part of FCA’s plan to spend 5 billion euros in Italy up to 2021 in order to launch its first electric and hybrid models and fill capacity in its under-utilized Italian plants.

A spokesman for FCA confirmed the statement, adding that the car maker’s investment for the two new models would be “closer to 1 billion than 500 million euros”. The spokesman said that a “premium compact SUV” is set to be produced at the Pomigliano factory, alongside a hybrid Panda, without confirming it was the production version of the Alfa Romeo Tonale.

Fiat is set to start producing the next Panda hybrid in the first half of 2020, with the Alfa Romeo Tonale to enter production a year later, in 2021.

The Alfa Romeo Tonale concept debuted at the Geneva Motor Show last March, giving us a preview of the brand’s upcoming SUV that will slot underneath the Stelvio in the range. It will also be the brand’s first plug-in hybrid model.

Work on the Pomigliano factory, which current is churning out the current-gen Fiat Panda, has already begun in order to prepare it for the two new models. Earlier this year, FCA said that it will also invest 700 million euros for a new production line in its Mirafiori factory for the new 500 electric hatch, with production set to start in the second quarter of 2020.

more photos...
  • designer_dick

    If they’re going to spend over $1bn, I’d like to hope that the Tonale is going to be built on a new platform, rather than the Jeep Renegade/Fiat 500X version of the Small Wide platform. However, knowing FCA, I’m sure they’ll go out of their way to find some way of avoiding doing so.

    • Matt

      $1b isn’t actually that much to spend developing a car, especially one on its own platform.

      • designer_dick

        Maybe they should put some cash aside for a new platform? There’s only so many times they can recycle the Punto’s 15 year old platform for new models before it starts to wear a bit thin. In fact, given the rather lacklustre critical reaction to the Renegade, Compass and 500X, you could argue that it had already worn thin four years ago.

  • WalthamDan

    I guess we know now where all the Jeep and RAM profits are going. Sure isn’t to help Chrysler. Just wasted on Fiat

    • Mr. EP9

      At least they were smart enough to get rid of the 500.

      • NoMan2015

        You mean the model line that was still their best selling model in the US? Yeah, very smart.

      • TheToadPrince.$€$

        yah and keep the 500L and X which barely never sold and the 500L is worst vehicle in history.

    • Thomas

      The money for this investment comes from Italy. From the spin-off of Ferrari and the sale of Magneti Marelli.

      The profits generated by Jeep and Ram are used to pay the multibillion-dollar fines the US subsidiary receives annually.

      • europeon

        Not to mention the hybrid tech (and the corresponding engines) Jeep got, comes from Fiat.

  • Mr. EP9

    Meanwhile with Chrysler and Dodge.

  • Bash

    And no plans for dodge.

    • david santiago

      or lancia

      • Mr. EP9

        Pretty sure they killed Lancia.

  • TheToadPrince.$€$

    wwatta waste…and they barely sell in canada….stupid FCA..build some dodge and chrysler products. nobody wants fiat or alfa.

  • if only chrysler and dodge could get the same kind of love…

    also is a panda hybrid such a great idea? the panda is supposed to be small cheap and affordable. that’s why it sells, Hybrid and or EV versions are going to be pricier. and i feel this could go the same way smart went…

    • europeon

      I love when people talk nonsense like you and the others in the comment section did. Dodge got PLENTY of love in the last few years. Or are you forgetting all the insane engine, specs and facelifts?

      Chrysler, just like Lancia, can be considered dead now. Thanks marchionne.

      • Charger and Challanger special editions barely count…

        • europeon

          Sales and fans say otherwise.

Holden’s Auctioning Some Of Its Historic Models Including First 2001 Monaro

The auction includes an assortment of Commodores including a 1995 rally car.

2011 Mercedes S65 AMG Might Just Help You Gain Baller Status

The W211 Mercedes S65 AMG is powered by a twin-turbo V12 that puts out 604 HP and 738 lb-ft of torque.

The 2020 Mercedes-Benz GLS Will Cost You Upwards Of AU$144,600 In Australia

The new Mercedes-Benz GLS is available with two engines.

A 2020 Corvette C8 Just Crashed In Detroit’s First Snowfall

It’s hard to tell if the 2020 Chevrolet Corvette Stingray suffered any significant damage.

New Hyundai Santa Cruz Pickup Truck To Be Produced In Alabama And Go On Sale In 2021

Hyundai will finally start production of the Santa Cruz truck in 2021 .

Ferrari Roma Is A 2+ Coupe With Understated Styling And A 612 HP Turbo V8 (New Photos)

Ferrari’s latest model can rocket from 0-62 mph (that’s 100km/h) in 3.4 seconds.

2020 Toyota Supra Gets Into Apparent Hit And Run With Civic While Trying To Flee Car Meet

As police closed in, the 2020 Supra slammed into a Civic and then took off.

New Delhi Authorities Enforce Driving Restrictions To Reduce Smog

The World Health Organization reported in 2018 that India has the world’s 10 most polluted cities.

VW Begins Expanding Chattanooga Plant, Will Build ID.4 In 2022

The first American-made ID.4s are slated to go into production in 2022.

Maserati’s All-New Sports Car Coming In May 2020

The upcoming model will be offered with an electric powertrain that could have three different motors.