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Maserati plans to launch a second SUV based on Alfa Romeo underpinnings by 2020, Fiat Chrysler Automobiles CEO Sergio Marchionne said.

The model will be positioned below the Levante, Maserati's first SUV, and will help the brand to reach 70,000 to 80,000 vehicle sales a year, Marchionne said. Maserati's volume rose to 36,000 from 23,900 in the first three quarters, helped by full availability of the Levante.

The new SUV will also help Maserati to boost annual earnings to 1 billion euros ($1.18 billion), Marchionne told financial analysts on a third-quarter earnings call on Tuesday.



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