match. It also did not hurt any of the parties involved that an acquisition by Fiat would keep Alfa Romeo in Italian hands. In 1986, the deal was concluded with Alfa Romeo merged with traditional rival Lancia into Fiat's Alfa Lancia Industriale S.p.A. Already in 1981, Alfa Romeo's then-President Ettore Massacesi had stated that Alfa would never use Fiat engines — the engines being, to a large extent, Alfa Romeo's identity — but would be happy to cooperate fully with everything else. Models produced from the 1990 onwards combined Alfa's traditional virtues of avant-garde styling and sporting panache with the economic benefits of product rationalisation, and include a "GTA" version of the 147 hatchback, the Giugiaro-designed Brera, and a high-performance exotic called the 8C Competizione (named after one of Alfa's most successful prewar sports and racing cars, the 8C of the 1930s). In 2005, Maserati was bought back from Ferrari and was now under Fiat's full control. The Fiat Group then created a sports and luxury division from Maserati and Alfa Romeo. There is a planned strategic relationship between these two; engines, platforms and possibly dealers are shared. In the beginning of 2007, Fiat Auto S.p.A. was reorganized and four new automobile companies were created; Fiat Automobiles S.p.A., Alfa Romeo Automobiles S.p.A., Lancia Automobiles S.p.A. and Fiat Light Commercial Vehicles S.p.A. These companies were fully owned by Fiat Group Automobiles S.p.A. (from 2007 FCA Italy S.p.A.). On 24 June 2010, Alfa Romeo celebrated 100 years from its foundation. Recent developments Alfa Romeo has been suffering from falling sales. In 2010, it sold a total of about 112,000 units, which was significantly lower than Fiat CEO Marchionne's global sales target of 300,000. The company set about to achieve a sales target of 170,000 units in 2011, including 100,000 Giulietta and 60,000 MiTo models, but it actually sold 130,000 units that year. Its medium-term target was 500,000 units by 2014 including 85,000 from the North American market. In 2017 Alfa Romeo increased production by 62 percent, building a total of 150,722 vehicles at the company's three factories. On January 16, 2021, the operations of Fiat Chrysler Automobiles and Groupe PSA were merged to form Stellantis and the company was renamed Stellantis Italy. In spite of falling sales, Alfa Romeo CEO Jean-Philippe Imparato announced in 2021 that a new model would be launched every year between 2022 and 2026, starting with the much-delayed