Fiat Chrysler boss Sergio Marchionne dies at 66
Former FCA Group chairman has died after complications following shoulder surgery.
Sergio Marchionne, the former head of Fiat Chrysler Automobiles, has died.
Marchionne, 66, suffered complications from a recent shoulder surgery at a hospital in Zurich, and was replaced as CEO last weekend when his ill health prevented him from continuing in a leadership role.
“Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” confirmed FCA chairman John Elkann, of the controlling Agnelli family, in a statement.
The Italian-Canadian had been CEO of Fiat since 2004, and led the FCA group following Fiat and Chrysler's merger in 2011. He was due to step down as CEO next year.
Also read: Highlights from Sergio Marchionne's 14-year reign over Fiat
RELATED ARTICLES
US tariffs will hurt both automakers and US manufacturing: ACEA
European Automobile Manufacturers’ Association says that the EU and the US must engage in dialogue to find an immediate ...
Trump levies 25% tariff on all cars imported to US
President Donald Trump claims new levy on all cars and car parts shipped into the country will create "tremendous growth...
Hyundai opens its third factory in the US: Metaplant America
Hyundai Motor Group Metaplant America's vehicle assembly and battery plant is the key pillar of the Hyundai Motor Group’...