Fiat and the Uilm National union have reached an agreement to build the new Maserati Levante at company's Mirafiori plant in Turin, Italy.

Under the terms of the deal, Fiat will invest approximately €1 ($1.3) billion into the plant to begin production by the end of next year.

Maserati hasn't said much about the Levante lately but previous reports have indicated it will feature an aluminum-intensive body and a number of components from the Quattroporte and Ghibli.

Engine options remain unconfirmed but speculation suggests the model will be offered with a twin-turbo 3.0-liter V6 that develops 410 HP (310 kW) and 550 Nm (406 lb-ft) of torque as well as a twin-turbo 3.8-liter V8 that produces 530 HP (390 kW) and 710 Nm (542 lb-ft) of torque. The crossover could also be equipped with a 3.0-liter V6 turbodiesel engine which cranks out 275 HP (202 kW) and 600 Nm (443 lb-ft) of torque. Regardless of which engine is selected, all are expected to be connected to an eight-speed automatic transmission and an all-wheel drive system.

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