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The man who managed to turn an Italian drifting group, Fiat, into a deal that took over American giant Chrysler Fiat Chrysler Automobiles (FCA) has yielded his successor to Mike Manley. Sergio Marchionne, a real star in Italy and in the automotive industry, was forced to abandon the post of CEO of the FCA Group after an apparently simple shoulder operation. leading to a worsening of his health 66 years, Marchionne drove for 14 years the giant Fiat-Chrysler, a group that owns Fiat, Chrysler, Abarth, Alfa Romeo, Dodge, Jeep, Maserati, Lancia, Mopar, Ram and even Ferrari
As CEO of the entire FCA group, the British Mike Manley will continue the implementation of last Marchionne's strategy to invest nine billion euros in electric vehicles and hybrids. At the age of 54, Manley will also lead FCA's operations in North America.
Mike Manley led the Jeep brand in June 2009 with annual sales of about 300,000 units to 1.4 million vehicles.
And Ferrari's luxury sports car division announced that it had appointed Louis Camilleri, a member of the board of directors, to the post of general manager, to take over a position owned by Sergio Marchionne. Louis Carey Camilleri is a former president of Philip Morris International cigarette maker.
Fiat Chrysler, the seventh largest global automaker, announced last month that it expects all 12 SUVs to be sold in the world by 2022 or a Jeep . The company plans to launch nine new models and offer four electric versions by 2022.
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