Alfa Romeo's future is looking slightly less rosy as Fiat Chrysler Automobiles has presented an updated business plan which calls for the brand to slow its product rollout.

Alfa Romeo's future is looking slightly less rosy as Fiat Chrysler Automobiles has presented an updated business plan which calls for the brand to slow its product rollout.

Citing uncertainties in China and the "need to guarantee proper global distribution network execution," Alfa Romeo will reduce spending on manufacturing as well as research and development through 2018.  As part of this change, the brand will delay the launch of several different models.

Alfa Romeo was coy on specifics but the company's original five-year plan called for launching eight different models by the end of 2018.  The new plan is largely identical but the full product rollout has been pushed back to mid-2020.

Following the launch of the Giulia, Alfa Romeo will introduce a new mid-size crossover in 2016 or 2017. Between 2017 and 2020, the company plans to launch six other models including a hatchback and a full-size sedan.  There will also be two additional crossovers and two mysterious "specialty" vehicles. 

This represents a slight change from the original five-year plan which called for called for two compact models and just one specialty vehicle. 

The new models will be aimed at customers in Europe and North America as Alfa Romeo notes the company will face import restrictions in China.

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Alfa Romeo delays a handful of models, promises two specialty vehicles