September 26, 2019 / 1:52 PM / a month ago

Fiat's Maserati to invest at least 1.6 bln euros to launch new models

MILAN, Sept 26 (Reuters) - Fiat Chrysler’s luxury brand Maserati will invest at least 1.6 billion euros ($1.75 billion) to produce its first hybrid and electric models, including a new super sport car and a new sport utility vehicle, it said on Thursday.

The investment is part of a plan announced by Fiat Chrysler (FCA) last year to spend 5 billion euros in Italy between 2019-2021.

Maserati said the new super sports model would be produced in 2020 in its plant in Modena, northern Italy. The construction of a production line for the new SUV will start in early 2020 in Cassino, with the first vehicles expected to hit the market in early 2021.

$1 = 0.9124 euros Reporting by Giulio Piovaccari, editing by Silvia Aloisi

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