Well, we can all stop hoping for a new Dodge Magnum.

Chrysler-Lancia CEO Saad Chebab told Autocar that there will be no Touring version of the redesigned Chrysler 300 built for Europe, saying that wagon sales in the U.S. are not robust enough to justify development costs for a five-door version of the platform. If Europe isn't getting a Chrysler wagon, we certainly aren't going to see a Dodge version here.

The previous-generation Dodge Charger and Chrysler 300 both spawned wagon variants, the Dodge Magnum for the U.S. market and the Chrysler 300 Touring overseas. The Magnum was never a hot seller, though it had its fans – ourselves included – and Autocar says the 300 wagon was popular both in the U.K. and on mainland Europe.

But with Fiat calling the shots now and post-bankruptcy budgets at Chrysler still tight, we're guessing any money that could have been spent putting a new Magnum on the road went elsewhere. Like rebadging the 300 and other Chryslers as Lancias.

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