MILAN -- Alfa Romeo and Lancia will enjoy stronger investments under Stellantis, the new automaker formed from Fiat Chrysler's merger with PSA Group, Stellantis Chairman John Elkann said.
Asked about what role FCA's hometown of Turin would play in Stellantis, Elkann told Italian State TV Rai on Thursday that, as part of a bigger group, it would have greater opportunities.
"We have seen it clearly with some brands like Alfa Romeo and Lancia, on which we could not invest or give resources as much as we wanted in recent years," said Elkann, who led FCA into the PSA merger.
"In this new group there will be much greater opportunities than in the past for these two brands, which are based in Turin," he said.
Stellantis has grouped Alfa Romeo and Lancia with PSA's DS upscale brand to create synergies. The first jointly developed models could appear by 2024.
