New Chrysler Group products expected to be announced next week will see the eventual launch of Fiat models and the axing of Dodge and Chrysler models, a media report said.

The plan will include the return of Alfa Romeo to the US from 2012 and Fiat with the 500, though it won't carry the brand name, people briefed on the plans told the Wall Street Journal.

Many current US models, particularly Dodge cars, will be phased out, the report said.

Fiat and Chrysler are also working on several new vehicles using Fiat technology for the US, including a mid-size Chrysler-brand sedan for released in 2012, the sources said.

The WSJ said Chrysler and Fiat CEO Sergio Marchionne appeared to be creating a vehicle line that stays true to Chrysler's blue-collar muscle car and pickup truck roots while adding European-styled vehicles to attract new, more white-collar customers.

"The biggest issue this company has is getting through the next few years," Rebecca Lindland, an automotive analyst at IHS Global Insight, told the WSJ. "They are going to have a hard time maintaining market share let alone increasing it."

Chrysler spokesman Gualberto Ranieri confirmed Chrysler would present its five-year business plan to the financial community and media next Wednesday.

Chrysler is due to launch a revamped Jeep Grand Cherokee and Chrysler 300 next year.

Doomed Dodge products including the Caliber hatchback, Nitro SUV and Avenger sedan though the Challenger muscle car and the full-size Charger sedan will stay.

"I like that plan a lot. Dodge can be the performance brand. They don't have to be something to everyone, but they have to start being profitable," Lindland added.

The 500 will be the only Fiat model to come to the US but will be marketed as the 500, the WSJ said.

Fiat was sold there until the early 1980s but pulled out with a reputation for poor vehicle quality and dealer backup. Alfa lasted into the mid-1990s, last selling the 164 sedan.

New US-bound models will include the MiTo subcompact hatchback in 2012, a midsize sedan in early 2013 and the Alfa Milano, according to WSJ sources. These vehicles will be made in North America.

Many current Chrysler models are also for the chop, the report added. The Jeep Commander ends in 2010 and, by 2012, the PT Cruiser, Chrysler Sebring midsize sedan and the Jeep Compass and Patriot SUVs all will depart.

The automaker also plans to phase out the Dodge Caravan minivan in the next five years, leaving the Chrysler Town and Country as the company's only vehicle in that segment, the report added.

Based on a Fiat platform, Chrysler plans to introduce a new midsize sedan in 2012 as well as a compact Jeep a year or two later. A Chrysler compact sedan also will be developed for release in 2012 based on Fiat technology.