BUSINESS AUTOS & TRANSPORTATION AUTOS Yes they have changed their direction, Fiat Chrysler Unveils Five-Year Plan to Invest in Electric, Self-Driving Vehicles Auto maker forecasts up to a doubling of income and double-digit profit margins by 2022 https://www.wsj.com/articles/fiat-chrysler-unveils-five-year-plan-to-invest-in-electric-self-driving-vehicles-1527867442
Here a summary you don't have to subscribe too. https://www.nasdaq.com/article/fiat-chrysler-reveals-5-year-plan-of-ev-brand-development-cm972883 and here's a few highlights from it in case you can't get the link. Under Fiat's plan through 2022, it will invest €9 billion ($10.5 billion) to develop electric engines and expand offerings of EVs. Also, roughly 15% of the company's planned €45 billion spending will be used for its combustion engine technology. Fiat's core brands that use combustion engines are Jeep SUVs, Ram pickups, and Alfa Romeo and Maserati luxury cars. The company anticipates these brands to contribute roughly 80% of total revenues in 2022 compared with the current contribution of 65%. The company aims to double its operating profit to €16 billion ($18.71 billion) at the end of its five-year strategy. Further, all the new models under Jeep, Maserati and Alfa Romeo brands to be launched in the next five years will also have some version of electrified powertrains while the truck brand, Ram will have alternative powertrain for high-end premium trucks only
