Mike Manley named CEO of FCA amid Sergio Marchionne health crisis

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As Health Suffers, Fiat Chrysler CEO Sergio Marchionne Could Be Replaced Today

Several news agencies are reporting that Sergio Marchionne, the colorful chief executive who returned Fiat, and then a combined Fiat Chrysler, to profitability, might not end the day as CEO. Marchionne, who took the helm of Fiat in 2004, was due to retire next April, and recently unveiled the automaker’s upcoming five-year product plan. Two […]

Marchionne says no offers are on the table for Fiat Chrysler

MONZA, Italy (Reuters) – Fiat Chrysler (FCA) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company’s business plan […]

Marchionne: FCA, but not Ferrari, interested in Formula E

It seems like automakers have been clamoring to get on board with Formula E lately. In just the last few weeks a number of manufacturers have either become more directly involved, or otherwise announced entry into the series in coming years. That includes Audi, BMW, Mercedes-Benz and Porsche, with the latter two abandoning other series […]

Marchionne Just Confirmed Ferrari’s Interest in Building an SUV

– Until now, the idea of a Ferrari SUV hasn’t risen above rumor. At one point, Fiat Chrysler and Ferrari CEO Sergio Marchionne responded to questions about such a vehicle by saying, “You have to shoot me first.” Did anyone else just hear the sound of a round clicking into the chamber? During a conference […]

Fiat Chrysler's Marchionne is done talking about alliances

AMSTERDAM (Reuters) – Fiat Chrysler Chief Executive Sergio Marchionne rowed back on his search for a merger on Friday, saying the car maker was not in a position to seek deals for now and would focus instead on following its business plan. Marchionne had repeatedly called for mergers in the car industry and a tie-up […]