https://apnews.com/ed200dcfd5684625954e90969ad3185c

BALOCCO, Italy (AP) — In his last major presentation as CEO of Fiat Chrysler, Sergio Marchionne announced a big investment push to make more electrified cars, while acknowledging that traditional engines will continue to dominate production.

Unveiling the company's plans through 2022, long after his planned retirement next year, Marchionne said Fiat Chrysler will invest 9 billion euros ($10.5 billion) as it tries to catch up in the market for gas-electric hybrids and fully electric vehicles, without forsaking a core market that still wants internal combustion engines.