Fiat Chrysler Automobiles chief executive Sergio Marchionne is due to present the company's five year plan later today.

Marchionne will present to investors the company's proposals for investment and future development, which some industry observers suspect will mean hiving off Alfa Romeo into a separate company.

The Financial Times reports sources saying the company will announce the development of new small cars and vans in Europe and increase production of Jeep models.

The pledgewill be Fiat's third in eight years, and follows 2006 and 2010 plans that set revenue and margin targets which were subsequently missed by the carmaker.

Bloomberg reports expectations for Marchionne to be questionned on how the company will further staunch its operating losses in Europe - last year's losses fell to €520 million from €737m the prior year.

It also reports that Fiat Chrysler Automobiles will focus on rebuilding Alfa Romeo into a global brand with rear wheel driven cars, some high powered ones using Ferrari technology, and delivered into the market through Jeep dealerships as well as existing Alfa franchisees.