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Sergio Marchionne is dead
Automotive Shock: Sergio Marchionne, 66, who rescued Fiat and Chrysler from bankruptcy, died after taking over the management of the Italian company in 2014.
Former Fiat Chrysler CEO, Sergio Marchionne , who retired from the office for health problems, died Wednesday at the age of 66.
The former executive director of Fiat Chrysler, Sergio Marchionne, was embolized during a shoulder operation. after which the brain was affected. According to sources, Marchionne was diagnosed with a sarcoma shoulder
On Saturday, Marchionne was replaced as president and CEO of Ferrari and president of the industrial truck manufacturer CNH, both separated by the FCA group in recent years.
"The FCA is deeply saddened that this week there were unexpected complications in the recovery of Mr. Marchionne after surgery, and these have worsened considerably in recent hours," according to a Fiat statement Chrysler. At the beginning of July, Marchionne, known for his talent as a negotiator of agreements and dependency at work, is recovering after a shoulder operation. But his condition has worsened considerably in recent days due to some complications that have not been revealed.
Ferrari appointed FCA president and heir to Agnelli John Elkann as president, while Louis Camilleri, board member 1969004] Marchionne intends to remain president and CEO of Ferrari until 2021.
Marchionne has recovered the biggest German and German brands revived Chrysler, succeeding where two former owners of the American company, Daimler and the Cerberus Fund, have failed.
This multiplied Fiat's value 11 times by measures such as the group separation of CNH Industrial and Ferrari. The Magneti Marelli component manufacturer division, scheduled for this year, is expected to further increase revenue generation capacity.
A tough negotiator, known for his ability to tax, Marchionne forced General Motors to pay Fiat $ 2 billion because he had no option to sell the automaker's auto division American automobile.
On the other hand, profitability in Europe is only returning now, and FCA must develop in China, while [19659904] In March, Marchionne stopped the production of unprofitable sedans and redeveloped factories to build more profitable SUVs and vans
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