This is the same tired story that has played out since Sergio spent $6 billion on Alfa rather than 6 new models for Chrysler and Dodge (at $1B in development/launch each). Folks, capital has ALWAYS been limited. The problem for FCA is that the $6B on Alfa hasn’t produced a return on investment or stable cash flow. No model produced has hit sales targets (either internal or external analyst benchmarks) which means that the business model HAS to be failing. The Maserati CUV hasn’t taken off either, and the Ghibli was a band-aid that got the engine the 300 should have. When investments fail to generate returns, it means there’s no cash to invest in future models within the portfolio. Sergio and crew made a massive mistake, and there is no recovery short of the PSA merger.