Actually here is a transcript from conference call:
Fiat Chrysler Automobiles NV (FCAU) Q1 2017 Results - Earnings Call Transcript | Seeking Alpha
And that was not said by Marchionne. Someone else from FCA said it. Their CFO Richard Keith Palmer.
I'll move on to page 4. We have an update on the launch process globally for two of our key new products. On the Alfa Romeo side, the Stelvio crossover was launched at the European Geneva International Auto Show. We're launching it in EMEA now in Q1. We will launch it in the NAFTA region in Q2 and then in Q3 in Asia Pacific. Shipments in the quarter were limited to about 3,000 units, but we have over 10,000 orders at the end of March. And the initial reaction in the marketplace and with the industry press and commentators has been very positive. This vehicle comes off the same platform, as you know, as the Alfa Romeo Giulia.
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In luxury and premium, Levante continues to perform well. The Giulia and Stelvio, it's early but the initial reception in the markets has been very good. Our dealer network is continuing to improve in terms of number of dealers and quality. Our global sales target for 2017 for these two brands is around 230,000 units, and we feel that we're on target to reach that number.
