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The Empire Fiat Chrysler Automobiles (FCA), which up to recently was on the road to long-term success, suddenly experienced uncertain times after leaving Ser Joe Marcone – the peculiar rock star of car production, whose name is badociated with the transformation of the group.Saturday, the Italian manager was replaced by former CEO of Jeep subsidiary Michael Manley of FCA after complications in his health following a routine operation.
Markieone's departure was expected next year e t the group was already activated in the group its successor to the position of CEO, Manley being the preferred candidate to strong competitors such as CFO Richard Palmer and Alfredo Altavilla, who runs FCA's business at E Monday, it became clear that Atvilla also resigned after Manly officially took the lead
Markieone will be remembered as the man who rebuilt Fiat's Italian carmaker and transformed it from one to another. global leveraged business in the sector Through its merger with Chrysler and the separation of Ferrari and industrial truck manufacturer CNH into separate companies, the Financial Times said. The group that the manager leaves behind is without obligation in his most successful financial health for decades. For the first quarter of 2018, FCA outperformed Ford in terms of earnings and has dangerously approached General Motors as a reference,
In front of Manley, who was at the heart of Jeep's rise to a name Global in the industry and the highly profitable Ram Brand, is now the huge task of continuing this successful series. In June, the CFA announced an ambitious plan to outperform its largest competitors in the fiercely competitive auto market, increasing profits more than twice in four years, and actively working on the production of electric cars and cars. new business development. lines. So Manly sketched out a bold plan that predicted Jeep cars would be one in five, FT recalled
"If you pay attention to the group's plans, Jeep will play a vital role in delivering them anyway – the share of Europe's market is growing and its product lines, and no one else in the FCA knows Jeep better than Manley, which means its choice is not surprising, "said George Gallers. , badyst at Evercore ISI.
Increased sales, automakers are facing a number of changes – from the rise of electric cars to stricter emission targets, to changing forms of ownership of the market and the development of autonomous cars.And while the FCA plan draws attention to these obstacles – and invest $ 9 billion in electrification and the creation of 39; a separate unit in the gr oupe to finance the construction of autonomous taxi fleets – the strategy still needs to be The plan also includes a reorganization of the group's brands, with Fiat focusing on Latin America and the development of electric cars for European markets, while that Chrysler will gradually become a supplier of equipment for companies In addition, it is expected to revive the historic brands Alfa Romeo and Maserati, recalls the release.
