Sergio Marchionne bowed out on Saturday as one of the auto industry's most demanding and tenacious chief executives, his health in crisis after a career in which he rescued Fiat and Chrysler.
Fiat Chrysler Automobiles on Saturday appointed Mike Manley to replace the seriously ill Sergio Marchionne as its CEO. Manley, 54, a native of England, has headed Jeep since 2009 and the Ram brand since 2015.
Ferrari's new CEO will be Louis Carey Camilleri, a former chairman of tobacco company Philip Morris International. He succeeds seriously ill Sergio Marchionne.
Comments by the company and its chairman suggest that the 66-year-old has become gravely ill weeks after undergoing shoulder surgery.
Mike Manley, the second CEO of Fiat Chrysler Automobiles, has received intensive on-the-job training at Sergio Marchionne's side for nine years and has years of practice running operations around the globe.
Directors of Fiat Chrysler will meet Saturday to discuss succession plans for CEO Sergio Marchionne, who is on medical leave, a person with knowledge of the matter told Automotive News Europe.
Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker's planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.
Unifor President Jerry Dias says he is confident FCA's Canadian plants will survive even though the Chrysler and Dodge brands were left out of the company's five-year business plan last month.
FCA is developing contingency plans to adjust its manufacturing footprint should President Trump's hardball trade tactics result in higher auto tariffs or the collapse of existing trade agreements.
Fiat Chrysler is giving a formal name to the outgoing Ram "DS" half-ton pickup: Ram 1500 Classic.
FCA is recalling 490,000 vehicles in Canada over a defect that could prevent drivers from deactivating cruise control and says owners should not use the function until they receive software upgrades.
In his last big presentation as CEO of Fiat Chrysler Automobiles before retiring, Sergio Marchionne announced a big investment push to make more electrified cars, while acknowledging that traditional engines will continue to dominate production for some time.