Addendum: Marchionne, in an interesting turn of phrase, said he found "in decreasing order of painfulness" (in terms of investment demands/needs/compulsions): (1) electric powertrain stuff (2) stuff/model-proposals that they "reject at top product-deciding commitee level, which is more than they approve", essential for the "longterm survival of fca" for them to not make expensive mistakes by over-approving all-new models, given brand-identities-equities and market-changes-afoot in the usa and europe (my paraphrasing) (3) Alfa and Maserati (more Richard Palmer than Marchionne who said the Alfa platform and engine investments would yield net, final profits only around 2020) (4) anything for Jeep and Ram, BOTH of them understood on a global/'globalization' basis. (note: They seem serious about taking Ram international, at least as a brand, presumably including rebadged FIAT Professional and FIAT utility vehicles.) He also said that there is NOTHING on the IP, manufacturing, logistics, factories and workforces side of things at fca that would impede a spinoff of some brands (such as Jeep or Maserati+Alfa or Ram) IF that were financially lucrative/necessary (in terms of overall valuations, given that it is widely accepted that the total valuations of a splitup fca (mm seperated, Jeep seperated, alfa+maserati seperated etc) would be vastly higher than of fca-as-the-current-whole, which he said it may or may not be. ....that he is saying nothing further about the likelihood or not of any such moves until the early 2018 investor meet for the post-Marchionne financial-plan period of 2019-2022. Though the Magneti Marelli+-Comau one seems pretty certain by now, it seems.