Jump to content
Create New...

Fiat News: Rumorpile: FCA, Ferrari Boards To Discuss Marchionne Successors


Recommended Posts

*UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story.

The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications.

The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley.

Spokespeople for both FCA and Ferrari declined to comment.

In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan.

Source: Automotive News (Subscription Required), Bloomberg, Reuters


View full article

Link to comment
Share on other sites

I REALLY REALLY REALLY HOPE that Mike Manley gets the CEO position, but my gut tells me they will probably go with the European Chief Alfredo Altavilla as Italians want an idiot Itallian running the company that is kept going by American Money.

Mike would make sure the US divisions that have kept Fiat going and brought JUNK Alfa back from the grave would get the focus and profits to keep building new auto's.

Bye Bye Sergio, you WILL NOT be missed!

  • Agree 1
Link to comment
Share on other sites

53 minutes ago, dfelt said:

I REALLY REALLY REALLY HOPE that Mike Manley gets the CEO position, but my gut tells me they will probably go with the European Chief Alfredo Altavilla as Italians want an idiot Itallian running the company that is kept going by American Money.

Mike would make sure the US divisions that have kept Fiat going and brought JUNK Alfa back from the grave would get the focus and profits to keep building new auto's.

Bye Bye Sergio, you WILL NOT be missed!

@dfelt have I got some good news for you.

Screen Shot 2018-07-21 at 12.14.51 PM.png

  • Agree 2
Link to comment
Share on other sites

I had no idea Sergio was ill.  At the same time, replacing him with Manley should provide some hope for those who are pro-Chrysler and anti-FIAT.  FIAT and Alfa Romeo do not even belong in the USA since neither fill a niche that can be filled by somebody else.

"You know, I would like my ordinary car (or luxury car) to be made by Italians," said NO ONE (in NA) EVER.

  • Thanks 2
Link to comment
Share on other sites

The Giorgio platform did have the help of some Ferrari engineers. Then again Ford and Chevy can make Ferrari killing cars and so can Dodge.

 

This is why why you end up with not enough money to retool SHAP properly, the Compass is totally mediocre outside of Trailhawk, and no new FCA US passenger cars for the next 3 years.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings