The company will also add two new SUVs to its line-up as part of its five-year strategy.

The iconic 8C and GTV will make their comeback by 2022. Alfa Romeo said in its five-year strategy announcement, that it will also launch a new mid-size SUV and a large SUV, which will sit below its popular Stelvio. The long-wheelbase versions of the Giulia and Stelvio will also be launched.

These new launches will take the company’s total to nine models. Currently, it consists of the Giulia, Giulietta, Stelvio, 4C Spider and Mito. The new 8C will be a twin-turbo mid-engined sports car that maks around 710hp while the GTV, which is a coupe version of the Giulia, will offer over 608hp with E-Boost technology, all-wheel-drive torque vectoring, 50:50 weight distribution and room for four occupants.

Brand boss Timothy Kuniskis said, "The 8C is a true supercar with a mid-engined, carbonfibre monocoque chassis and electrified AWD system. It’s a car that will be born for the track here at Balocco. We also want a sports car as attainable as it is aspirational, so we’re bringing back one of the most fabled names in Alfa history, the GTV. The Quadrifoglio model will deliver more than 600hp."

When asked about the two new SUVs, he said, "The timing of our expansion plans couldn’t be more optimum. The premium market is growing and there are considerable opportunities in that segment. These are two key segments – compact UV and full-size UV. These segments represent 81 percent of the global premium market growth. We will ensure each new product embraces our brand principles.”

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