He is a shrewd constructor. SM has been looking to build and expand (albeit in the most economical/inexpensive way). BTW (just from a yank's perspective) he appears to have quite the Italian "soft-spot." I can't think of a better opportunity for Lancia's future. I would love to hear what better scenario there might be/have been.?
Lancia has been a priority - and, I think, still remains one. Agreed - it is no - top priority, as you might have it. Rather, it is a piece of the larger puzzle he is trying to solve.
Sadly, his tenure is almost up. The bigger worry ought to be, what happens to Lancia after SM is gone? If there is any solace in that, it is; Sergio is just the captain of a ship which has a pre-ordained destination.
Sergio attempted to do something with Lancia in 2012 in Thema, Flavia, and Grand Voyager. Yes, it was a cheap/easy solution - and not well received.
Had that tack worked, it would have likely opened the door for something like the 2003 Fulvia concept. I, for one, wish it had! This also illustrated what a limited appeal Lancia/Chrysler has in Europe - because, if nothing else, it "filled out" Lancia's product line - nicely.
The top priority has been sustainability. In his view, this comes thru minimal debt/debt service achieved thru a strict focus on high-margin-product (which Lancia has none). BTW, another "great suffer" has been(a lack of) participation in competitive motorsports(excluding Ferrari). This seems to be working.
Jeep is a priority because it is sustainable (and equates to cash-flow). Maserati is cash-flow baby! Alfa Romeo carries more sustainability and cash-flow potential (globally) than pretty much any other brand in the stable/house (except maybe RAM).
The company (FCA) could have been sold in part or whole. Or it could be in a dire situation - where liquidation is imminent. But that is not wanted. Rather, sustainability/expansion have been the focus. Lancia is a part of that.