FCA CEO Sergio Marchionne dropped two bombshells in New York this morning, confirming that Ferrari will build an SUV and denying that Jeep will be sold out from underneath the rest of Fiat Chrysler Automobiles.


A Ferrari sports utility vehicle is no longer a matter of speculation, Marchionne said at the New York Stock Exchange - only the date and details of its arrival. Manufacturing decisions will be made in about 30 months time, he said.

The numbers of four-seat, Ferrari SUVs will be limited to preserve exclusivity.

On another front, Jeep will not be separated from the rest of the group's brands, Marchionne said. Tellingly, he referred to the rest of the company being "a stump" without the valuable Jeep brand - a worry that many connected to the company have.