Rather than redesign the 300 on its Giorgio platform, FCA is said to be planning a major facelift.

Fiat Chrysler Automobiles has reportedly ditched plans to redesign the Chrysler 300 in the coming years.

The company intended to build an all-new 300 based on the Giorgio platform, shared with the Alfa Romeo Giulia, however the project was dropped in favor of a significant facelift with weight-saving adjustments and new powertrains, according to an Automotive News report based on unnamed sources.

A turbocharged four-cylinder engine is expected to join the current V6 to help achieve better fuel efficiency.

"In the meantime, Chrysler will put a Hellcat engine in its luxury sedan in late 2018 because why not?" AN adds.

Interestingly, the company retired the 300 SRT8 from the US market a few years ago. Rumors at the time suggested the Jeep Grand Cherokee SRT was next on the chopping block.

FCA ultimately decided to keep the high-performance SUV and doubled down with the Hellcat-powered Trackhawk. The company may have had a similar change of heart with the 300, potentially viewing a Hellcat edition as a tool to reinvigorate sales.

If true, the 300 rumor suggests the "poor man's Bentley" could soon outgun a genuine Bentley Flying Spur.