SUVs continue to be all the rage these days, so while some people might be waiting for a new GranTurismo and a production version of the gorgeous Alfieri, Maserati is prioritising an entirely different model – CEO Sergio Marchionne has officially announced that a new SUV carrying the Italian manufacturer's trident logo will be out by 2020.

Positioned below the firm's Levante SUV, the as-yet-unnamed model will ride on the same Giorgio platform that has underpinned the Alfa Romeo Stelvio, but with a twist. Rather than getting the same engines, FCA’s CEO said the new Maserati SUV could receive a unique powertrain, without going into any details. Considering the company has made the promise to electrify all of its models from 2019, it means the new arrival will be offered with a hybrid setup.

Going up against the Porsche Macan, the new high-riding Maserati is expected to help the Italian premium brand reach up to 80,000 annual sales and also help the company reach its annual earnings targets of £900m.

Marchionne made the statements this week during a call with financial analysts about the firm’s third-quarter earnings. Thanks to the introduction of its first-ever SUV, the Levante, Maserati has managed to shift an impressive 36,000 units worldwide in the first three quarters of 2017 – a significant increase over the same period last year when the company sold 23,900 vehicles.

But it’s not all sunshine and rainbows at Maserati HQ – Marchionne admitted production of the Levante has been reduced because of weak customer demand.

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Gallery: 2017 Maserati Levante: First Drive