Sergio Marchionne (Italian: [ˈsɛrdʒo marˈkjɔnne]; June 17, 1952 – July 25, 2018) was an Italian-Canadian businessman, widely known for his turnarounds of the automakers Fiat and Chrysler, his business acumen and his outspoken and often frank approach, especially when dealing with unpalatable issues related to his companies and the automotive industry.
Marchionne was the chairman of CNH Industrial, the chief executive officer (CEO) of Fiat Chrysler Automobiles, the chairman and CEO of FCA US LLC, the chairman and CEO of Ferrari, and the chairman of Maserati. He was the chairman of Swiss-based SGS and vice chairman of UBS from 2008 to 2010, as well as the chairman of the European Automobile Manufacturers Association for 2012 (first elected in January 2006). He was a member of the Peterson Institute for International Economics, and the chairman of the Italian branch of the Council for the United States and Italy.
Noted for his keen observations of the automotive industry, Marchionne's insights ranged from frank criticism of his company's own products to a highly-regarded 2015 presentation titled Confessions of a Capital Junkie, extolling the benefits of industry consolidation.
Marchionne was widely recognized for turning around Fiat Group to become one of the fastest growing companies in the auto industry, in less than two years. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing US automaker Chrysler, with the support of the U.S. and Canadian governments and trade unions. Less than two years later, following its emergence from Chapter 11, Chrysler returned to profitability, repaying all government loans. In 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world.
Following complications from surgery, Marchionne resigned from all of his positions in July 2018 and died a few days later. The American business channel CNBC described Marchionne as a "legend of automotive industry", while the British newspaper Financial Times considered him as having been "one of the boldest business leaders of his generation".
Marchionne in 2007
|Born||June 17, 1952|
|Died||July 25, 2018 (aged 66)|
|Alma mater||University of Toronto|
University of Windsor
Osgoode Hall Law School
|Occupation||Former Chairman of CNH Industrial |
Former CEO of Ferrari
Former CEO of Fiat Chrysler Automobiles
Former Chairman of Maserati
Former CEO of FCA Italy
Former CEO of FCA US
Former Chairman of SGS
Marchionne was born in Chieti, Abruzzo, Italy, the son of Concezio Marchionne, from Cugnoli (Abruzzo), and Maria Zuccon from Carnizza (today Krnica, Croatia) near Pula in Istria. His father served as a Carabiniere in Istria, where he met his future wife. Marchionne's grandfather, Giacomo Zuccon, was killed in September 1943 by Yugoslav Partisans near Barban in Istria, while his uncle Giuseppe Zuccon was killed by the Nazis the same year. In 1945, when the region was occupied by the Yugoslav army, Marchionne's parents moved to Chieti in Abruzzo, where Sergio was born.
At 13, Marchionne emigrated with his family to Toronto, Ontario, Canada, where they had relatives. Carrying dual Canadian and Italian citizenship, he spoke fluent English, French and Italian. Marchionne was a Canadian certified general accountant (FCGA), barrister, and a fellow of the Certified General Accountants of Ontario.
Marchionne attended St. Michael's College School, before completing his undergraduate studies in philosophy at the University of Toronto and earning a bachelor of commerce degree (1979) and an MBA (1985) from the University of Windsor as well as a law degree from Osgoode Hall Law School of York University (1983). He received an honorary doctorate from Walsh College (2013).
From 1983 to 1985, he worked as an accountant and tax specialist for Deloitte & Touche in Canada. From 1985 to 1988, he was Group Controller and then Director of Corporate Development at the Lawson Mardon Group in Toronto. In 1989, he moved to Glenex Industries where he worked for two years as Executive Vice President.
From 1990 to 1992, he was Vice President of Finance and Chief Financial Officer at Acklands Ltd. Between 1992 and 1994, he served as Vice President of Legal and Corporate Development and Chief Financial Officer of the Lawson Group, which was acquired by Alusuisse Lonza (Algroup) in 1994.
From 1994 to 2000, he worked at Algroup (Alusuisse Lonza Group Limited) based in Zurich, where he became Chief Executive Officer in 1997. He then took the helm of the Lonza Group in Basel, after its spin-off from Algroup, serving first as Chief Executive Officer and Managing Director (2000–2001) and then as Chairman (2002).
In February 2002, he became Chief Executive Officer and Managing Director of SGS S.A. of Geneva where, in March 2006, he was appointed Chairman. Marchionne was elected as an independent member of the Board of Directors of Fiat S.p.A. in May 2003, until being appointed CEO in 2004.
In June 2009, when Chrysler emerged from Chapter 11 bankruptcy protection, Fiat Group received a 20% stake in Chrysler Group LLC and Marchionne was appointed CEO, replacing existing CEO Robert Nardelli.
In February 2011 Marchionne sparked widespread controversy in the U.S. when he remarked at the J.D. Power & Associates International Automotive Roundtable that Chrysler's bail-out loans from the U.S. government carried "shyster rates".
Marchionne immediately issued a public apology, stating "I regret the remark and consider it inappropriate" and going on to explain that "As the only parties willing to underwrite the risk associated with Chrysler’s recovery plan, the two governments [U.S. and Canadian] levied interest rates that, although appropriate at the time, are above current market conditions."
In July 2011, following the purchase of the ownership interests held by Canada and the US Treasury, Fiat’s stake in Chrysler increased to 53.5% and in September 2011, Marchionne was also elected Chairman of Chrysler. Fiat and Chrysler officially merged under Marchionne's leadership on August 1, 2014.
Following the 2015 Volkswagen emissions scandal, in January 2017, the EPA also accused Fiat Chrysler of illegally installing software that allowed excess diesel emissions to go undetected. Marchionne denied any wrongdoing. Therein he was critical of the EPA and rejected comparisons between Fiat Chrysler and Volkswagen.
Marchionne last appeared in public on June 26, 2018 in Rome, when he presented a Jeep to the Carabinieri, Italy’s military police. FCA subsequently announced Marchionne had taken medical leave for shoulder surgery at the University Hospital of Zürich in Switzerland — adding on the day of surgery that he would not return due to post-surgical complications. After further serious complications, on July 21, 2018, Marchionne was replaced at FCA, Ferrari, SGS and CNH.
He died on July 25, 2018, at age 66, most likely from complications related to underlying cancer. He was survived by his partner Manuela Battezzato, his two adult sons, Alessio and Tyler, and his former wife Orlandina.
Marchionne earned a reputation for an outspoken and often blunt approach. In a 2009 Forbes interview, Massimo Vecchio, an analyst with Mediobanca, commented on the contrast and Marchionne's controversial management style:
He's got a lot of American in his management style. The only thing that matters to him is results. If you don't deliver, you are out. He is quite ruthless. When Marchionne took over the company [Fiat], he was literally firing one manager a day but there was a leadership problem and nobody wanted to take hard decisions. The communication from bottom to top in management was slow and wrong. He also changed that. He reduced the layers of management and gave his role a more direct view of what the business was doing. And of course his ego is very big and sometimes people who had clashes with him were basically fired. Looking at his style from outside it seems awful, but he delivered.
Despite the buttoned-down business world in which he worked, Marchionne disliked having to think about his wardrobe, and became known for wearing black sweaters and jeans — keeping a supply of both in each of his residences. Reporters noted that he had not been seen wearing a necktie since 2007.
The 2018 Hungarian Grand Prix (formally the Formula 1 Rolex Magyar Nagydíj 2018) was a Formula One motor race held on 29 July 2018 at the Hungaroring in Mogyoród, Hungary. The race was the twelfth round of the 2018 Formula One World Championship and marked the 34th running of the Hungarian Grand Prix, and the 33rd time the race had been run as a World Championship event since the inaugural season in 1950.
Mercedes driver Lewis Hamilton entered the round with a 17-point lead over Sebastian Vettel in the Drivers' Championship, and extended it to 24 points. In the World Constructors' Championship, Mercedes led Ferrari by 8 points before the race, and they further extended their lead to 10 points.Chrysler
Chrysler (; officially FCA US LLC, and colloquially Fiat Chrysler Automobiles) is one of the "Big Three" automobile manufacturers in the United States, headquartered in Auburn Hills, Michigan. The original Chrysler Corporation was founded in 1925 by Walter Chrysler from the remains of the Maxwell Motor Company. In 1998, it was acquired by Daimler-Benz, and the holding company was renamed DaimlerChrysler. After Daimler divested Chrysler in 2007, the company existed as Chrysler LLC (2007-2009) and Chrysler Group LLC (2009-2014) before merging in 2014 with Italian holding company Fiat S.p.A. and becoming a subsidiary of its successor Fiat Chrysler Automobiles. In addition to the Chrysler brand, FCA sells vehicles worldwide under the Dodge, Jeep, and Ram nameplates. Furthermore, the subsidiary includes Mopar, its automotive parts and accessories division, and SRT, its performance automobile division.
After founding the company, Walter Chrysler used the General Motors brand diversification and hierarchy strategy that he had seen working for Buick, and acquired Fargo Trucks and Dodge Brothers, and created the Plymouth and DeSoto brands in 1928. Facing postwar declines in market share, productivity, and profitability, as GM and Ford were growing, Chrysler borrowed $250 million in 1954 from Prudential Insurance to pay for expansion and updated car designs.Chrysler expanded into Europe by taking control of French, British and Spanish auto companies in the 1960s; Chrysler Europe was sold in 1978 to PSA Peugeot Citroën for $1. The company struggled to adapt to changing markets, increased U.S. import competition, and safety and environmental regulation in the 1970s. It began an engineering partnership with Mitsubishi Motors, and began selling Mitsubishi vehicles branded as Dodge and Plymouth in North America. On the verge of bankruptcy in the late 1970s, it was saved by $1.5 billion in loan guarantees from the U.S. government. New CEO Lee Iacocca was credited with returning the company to profitability in the 1980s. In 1985, Diamond-Star Motors was created, further expanding the Chrysler-Mitsubishi relationship. In 1987, Chrysler acquired American Motors Corporation (AMC), which brought the profitable Jeep brand under the Chrysler umbrella. In 1998, Chrysler merged with German automaker Daimler-Benz to form DaimlerChrysler AG; the merger proved contentious with investors. As a result, Chrysler was sold to Cerberus Capital Management and renamed Chrysler LLC in 2007.
Like the other Big Three automobile manufacturers, Chrysler was impacted by the automotive industry crisis of 2008–2010. The company remained in business through a combination of negotiations with creditors, filing for Chapter 11 bankruptcy reorganization on April 30, 2009, and participating in a bailout from the U.S. government through the Troubled Asset Relief Program. On June 10, 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat S.p.A., and the U.S. and Canadian governments as principal owners. The bankruptcy resulted in Chrysler defaulting on over $4 billion in debts. By May 24, 2011, Chrysler finished repaying its obligations to the U.S. government five years early, although the cost to the American taxpayer was $1.3 billion. Over the next few years, Fiat gradually acquired the other parties' shares while removing much of the weight of the loans (which carried a 21% interest rate) in a short period.
On January 1, 2014, Fiat S.p.A announced a deal to purchase the rest of Chrysler from the United Auto Workers retiree health trust. The deal was completed on January 21, 2014, making Chrysler Group a subsidiary of Fiat S.p.A. In May 2014, Fiat Chrysler Automobiles was established by merging Fiat S.p.A. into the company. This was completed in August 2014. Chrysler Group LLC remained a subsidiary until December 15, 2014, when it was renamed FCA US LLC, to reflect the Fiat-Chrysler merger.Chrysler House
Chrysler House is a 23-story, 99 m (325 ft) skyscraper located at 719 Griswold Street in Downtown Detroit, Michigan. The class-A office building is adjacent to the Penobscot Building in the heart of the U.S. designated Detroit Financial District. It is used as an office building, with retail space on the street level.European Automobile Manufacturers Association
The European Automobile Manufacturers Association (French: Association des Constructeurs Européens d'Automobiles; abbreviated ACEA) is the main lobbying and standards group of the automobile industry in the European Union. As of February 1991 it is the successor of the CCMC manufacturers committee (French: Comité des Constructeurs du Marché Commun) which was founded in October 1972.
Its members include: BMW, DAF, Daimler AG, Fiat Chrysler Automobiles, Ford Europe, Honda, Hyundai Europe, Iveco, Jaguar Land Rover, Opel Group, PSA Peugeot Citroën, Renault, Toyota Europe, Volkswagen Group, Volvo Cars and Volvo Group.
One major area of ACEA work including its predecessor associations has been in performance quality classifications for 4-stroke engine oils. That history goes back to 1919 (Bureau Permanent International des Constructeurs d'Automobile - BPICA) that was renamed in 1985 (Organisation Internationale des Constructeurs d'Automobiles - OICA). The ACEA has its predessor in the CCMC (Comité des Constructeurs du Marché Commun) founded in October 1972 by French (Citroën, Peugeot, Renault), German (Mercedes, Volkswagen), Italian (Fiat) and British (BLMC) manufacturers.The ACEA is studying electric vehicle charging stations and expects that Type 2 Mode 3 connectors also to be used for home charging in the second phase after 2017 while still allowing Mode 2 charging with established plug types that are already available in home environments
European automakers to raise awareness of safety tech to further reduce road deathsFCA US LLC Headquarters and Technology Center
The FCA US LLC Headquarters and Technology Center is the North American headquarters and main research and development facility for the automobile manufacturer FCA US LLC (commonly known as Chrysler). in the United States. It is located in the Metro Detroit city of Auburn Hills, Michigan. Completed in 1996, the complex has 5,300,000 square feet (490,000 m2) on 504 acres (2.04 km2) located near Interstate 75.Fiat Automobiles
Fiat Automobiles S.p.A. (UK: , US: ; originally FIAT, Italian: Fabbrica Italiana Automobili Torino, lit. 'Italian Automobiles Factory, Turin') is an Italian automobile manufacturer, a subsidiary of FCA Italy S.p.A., which is part of Fiat Chrysler Automobiles (previously Fiat S.p.A.). Fiat Automobiles was formed in January 2007 when Fiat reorganized its automobile business, and traces its history back to 1899 when the first Fiat automobile, the Fiat 4 HP, was produced.
Fiat Automobiles is the largest automobile manufacturer in Italy. During its more than century-long history, it remained the largest automobile manufacturer in Europe and the third in the world after General Motors and Ford for over twenty years, until the car industry crisis in the late 1980s. In 2013, Fiat S.p.A. was the second largest European automaker by volumes produced and the seventh in the world, while currently FCA is the world's eighth largest auto maker.
In 1970, Fiat Automobiles employed more than 100,000 in Italy when its production reached the highest number, 1.4 million cars, in that country. As of 2002, it built more than 1 million vehicles at six plants in Italy and the country accounted for more than a third of the company's revenue. Fiat has also manufactured railway engines, military vehicles, farm tractors, aircraft, and weapons such as the Fiat–Revelli Modello 1914.
Fiat-brand cars are built in several locations around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand is the market leader. The group also has factories in Argentina, Poland and Mexico (where Fiat-brand vehicles are manufactured at plants owned and operated by FCA US for export to the United States, Brazil, Italy and other markets) and a long history of licensing manufacture of its products in other countries.
Fiat Automobiles has received many international awards for its vehicles, including nine European Car of the Year awards, the most of any other manufacturer, and it ranked many times as the lowest level of CO2 emissions by vehicles sold in Europe.Fiat Bravo (2007)
The Fiat Bravo (Type 198) is a small family car produced by Italian manufacturer Fiat from 2007 to 2014. It was introduced to the press in January 2007 in Rome, and later to the public in March at the Geneva Motor Show. A minor facelift was available from 2010, with changes to the front grille, door handles and side mirrors, new colors, as well as interior improvements. The car was launched on 21 April 2007.
European production, at the Cassino plant, ended in July 2014, being part of FCA's 5 Year Plan, presented by Sergio Marchionne on 7 May 2014. It was replaced by the Fiat Tipo and the similarly sized Fiat 500X. The Bravo was the first car to bear Fiat Automobiles' current logo, introduced in October 2006, which contains a red background in a chrome frame.Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V., often abbreviated as FCA, is an Italian-American multinational corporation and is the world's eighth largest auto maker. The group was established in October 2014 by merging Fiat and Chrysler into a new holding company. Fiat Chrysler Automobiles' main headquarters are located in the Netherlands, and the financial headquarters are in London for tax purposes. The holding company is listed on the New York Stock Exchange and Borsa Italiana in Milan. Exor N.V., an Italian investment group controlled by the Agnelli family, owns 29.19% of FCA and controls 44.31% through a loyalty voting mechanism.FCA's mass-market brands operate through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) headquartered in Turin; and FCA US (previously Chrysler Group LLC) headquartered in Detroit. The company's portfolio includes automotive brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks. Ferrari was spun off from the group in 2016. Today FCA operates in four global markets (NAFTA, LATAM, APAC, EMEA).FCA also owns industrial subsidiaries Comau and Teksid.Fiat Industrial
Fiat Industrial S.p.A. was an Italian company into which Fiat S.p.A. (parent company of Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011. Fiat Industrial served as a holding company for the activities of truck manufacturer Iveco; an 89.3% stake in the agricultural and construction equipment producer CNH Global; and FPT Industrial, which consists of the industrial and marine activities formerly part of Fiat Powertrain Technologies. The company's Chairman was Sergio Marchionne, who also served as CEO of Fiat S.p.A. and Chairman/CEO of Chrysler Group LLC, now merged as Fiat Chrysler Automobiles.On 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by the Agnelli family), the largest shareholder of Fiat with a stake of around 30%, holding an equivalent stake in Fiat Industrial. Exor has however raised the possibility of the future sale of some of its stake.In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.
On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V. was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario. For additional information, see CNH Industrial N.V.Fiat S.p.A.
Fiat S.p.A., or Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin), was an Italian holding company whose original and core activities were in the automotive industry, and that was succeeded by Fiat Chrysler Automobiles NV (FCA). The Fiat Group contained many brands such as Ferrari, Maserati, Fiat, Alfa Romeo, the Chrysler Group, and many more. On 29 January 2014, it was announced that Fiat S.p.A. (the former owner of Fiat Group) was to be merged into a new Netherlands-based holding company Fiat Chrysler Automobiles NV (FCA), taking place before the end of 2014. Fiat Chrysler Automobiles became the new owner of Fiat Group. On 1 August 2014, Fiat S.p.A. received necessary shareholder approval to proceed with the merger (which followed board approval). The merger became effective 12 October 2014.Fiat was founded in 1899 by a group of investors, including Giovanni Agnelli. During its more than century-long history, Fiat has also manufactured railway engines and carriages, military vehicles, farm tractors, and aircraft. In 2013, Fiat (together with Chrysler) was the second largest European automaker by volumes produced, and the seventh in the world ahead of Honda, PSA Peugeot Citroën, Suzuki, Renault, and Daimler AG.
Over the years, Fiat has acquired numerous other automakers: it acquired Lancia in 1968, became a shareholder of Ferrari in 1969, took control of Alfa Romeo from the Italian government in 1986, purchased Maserati in 1993, and became the full owner of Chrysler Group LLC in 2014. Fiat Group currently produces vehicles under twelve brands: Abarth, Alfa Romeo, Chrysler, Dodge, Ferrari, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Ram Trucks, and SRT.
In 1970, Fiat employed more than 100,000 in Italy when its production reached the highest number, 1.4 million cars, in that country. As of 2002, Fiat built more than 1 million vehicles at six plants in Italy and the country accounted for more than a third of the company's revenue.Fiat-brand cars are built in several locations around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand is the market leader. The group also has factories in Argentina, Poland and Mexico (where Fiat-brand vehicles are manufactured at plants owned and operated by Chrysler for export to the U.S., Brazil, Italy and other markets) and a long history of licensing manufacture of its products in other countries. It also has numerous alliances and joint ventures around the world, the main ones being located in Serbia, France, Turkey, India and China.
Gianni Agnelli, the grandson of founder Giovanni Agnelli, was Fiat's chairman from 1966 until 1996; he then served as honorary chairman from 1996 until his death on 24 January 2003, during which time Cesare Romiti served as chairman. He was succeeded briefly by Paolo Fresco, who served as chairman, and Paolo Cantarella, as CEO. Umberto Agnelli then took over as chairman from 2003 to 2004. After Umberto Agnelli's death on 28 May 2004, Luca Cordero di Montezemolo was named chairman, with Agnelli heir John Elkann becoming vice chairman (at the age of 28), and other family members also serving on the board. On 1 June 2004, Giuseppe Morchio was replaced by Sergio Marchionne as CEO.GAC Fiat Chrysler
GAC Fiat Chrysler Automobiles Co., Ltd. is an automobile manufacturing company headquartered in Changsha, China and a 50:50 joint-venture between GAC Group and Fiat Chrysler Automobiles. The company was founded on 9 March 2010. Fiat agreed to invest an initial US$559 million in the venture.Jim Press
James E. Press is the former Deputy CEO of Chrysler Group LLC serving in that capacity from June to December 2009. He also served as Senior Advisor to Chrysler Financial Company. During this assignment, he assisted Sergio Marchionne in the transition to Fiat. Press was heavily involved in maintaining company operations and product development during the bankruptcy period.Press has extensive experience within global internationally organized auto companies, having joined Toyota in 1970 and serving in most key executive positions before being named COO of Toyota Motor Sales, the consolidating company for all sales, finance, manufacturing, design and engineering activities of one of the largest auto companies in the world.
Previously, Press served as Co-President of Chrysler LLC, President of Toyota Motor Sales, U.S.A., Inc. and Daimler AG. He served as President of Sales & Marketing Operations of Chrysler LLC between September 2007 to June 2009. He served as Senior Managing Director and Chief Operating Officer of Toyota Motor Corp. until September 14, 2007, and was the first non-Japanese member of Toyota’s board of directors.Presently, Press is President of McLarty International, operating retail auto dealerships globally, with operations in China, Brazil, and Mexico. He is CEO of Yanjun Auto Group, a leading luxury auto dealership chain in China and he formerly resided in Beijing before moving back to Birmingham Michigan. Press is also Senior Advisor to the Renault–Nissan Alliance, working closely with the CEO, Carlos Ghosn.
In 2007, Press told the Detroit News that diesels, hybrids, plug-in hybrids, and diesel-hybrids are among the technologies "in the mix," and that every Chrysler vehicle will eventually have an alternative to the gasoline-powered internal combustion engine.
Press was born in Pasadena, California. In 2006 Press filed out a divorce and remarried. After being remarried to his new wife, Suwichada Busamrong from Thailand, Press and his wife live in Birmingham and have six children; Robert Press, Jason Press, Christopher Press, Elizabeth Press, Nong Press, and Guy Busamrong-Press
Press is known to be an avid swimmer. He wears a single string on one wrist as a reminder that material wealth is not the most important thing.John Elkann
John Philip Jacob Elkann (born 1 April 1976) is an American-Italian industrialist. He was the chosen heir of his grandfather Gianni Agnelli, and chairs and controls the automaker Fiat Chrysler Automobiles (which owns the Abarth, Alfa Romeo, Chrysler, Dodge, Jeep, Fiat, Fiat Professional, Lancia, Maserati, Mopar and Ram brands), which has formerly represented 4.4% of Italy's GDP. He is the chairman and CEO of Exor, the holding company controlled by the Agnelli family, which also owns Partner Re and holds a controlling stake in Ferrari, CNH Industrial and Juventus F.C.. In July 2018 he was appointed as chairman of Ferrari after Sergio Marchionne had to leave due to health issues. Elkann was born in New York and holds both Italian and American citizenship.Lancia
Lancia (Italian: [ˈlantʃa]) is an Italian automobile manufacturer founded in 1906 by Vincenzo Lancia as Lancia & C.. It became part of the Fiat Group in 1969; the current company, Lancia Automobiles, was established in 2007.
The company has a strong rally heritage and is noted for using letters of the Greek alphabet for its model names.
Lancia vehicles are no longer sold outside Italy and comprise only the Ypsilon supermini range, as the late Fiat CEO Sergio Marchionne foreshadowed in January 2014 until his death in 2018.Michael Manley (CEO)
Michael Manley, often known as Mike Manley, (born March 9, 1964) is an English businessman. He was appointed as CEO of Fiat Chrysler Automobiles (FCA) on July 21, 2018, following the announcement that Sergio Marchionne would step down due to health reasons. Prior to being named CEO, Manley had served as head of FCA's Jeep division since 2009.Mopar
Mopar is the parts, service and customer care organization within Fiat Chrysler Automobiles. The name is a portmanteau of the words "MOtor" and "PARts".Mopar also designs and builds a small number of customized vehicles.Ram Rebel TRX
The Ram Rebel TRX is a concept 4x4 truck designed and produced by the FCA US LLC design studio for the 2016 Texas State Fair, introduced on September 29th of that year as an engineering, design and consumer-interest study. On June 1, 2018, Mike Manley, then head of Ram and Jeep (who was named CEO shortly after medical complications experienced by Sergio Marchionne left him unable to return), announced a production truck based on the TRX will be produced prior to 2022 according to the five year plan.Teksid
Teksid (Teksid S.p.A.) is an Italian company based in Carmagnola which specialises in the production of iron and castings for the automotive industry. Originally known as Ferriere Piemontesi, Teksid is owned by Fiat Chrysler Automobiles, and was owned its predecessor Fiat S.p.A. since 1917. The company was renamed Teksid in January 1978.In 1998, the French car manufacturer Renault merged its foundry business with Teksid, creating a change of ownership with a share 66.5%/33.5% to Fiat and Renault respectively.
By 2013 Fiat grew its share to 84.8% and Renault retains 15.2%.The company owns seven plants (four in Europe, and one each in South America, Central America and China), and employs 7,000 persons. Teksid produces engine blocks, cylinder heads, engine components, transmission parts, gearboxes and suspensions. In 2012 the company reported total revenues of €780 million, down 15% over 2011.Teksid's products are used by various FCA companies, and also sold to third party companies including Cummins, Ford and General Motors.
The company is chaired by Sergio Marchionne and the subsidiary is managed at group level by COO Riccardo Tarantini, alongside fellow subsidiary Comau as part of the Systems and Castingsoperating sector of FCA.Thomas W. LaSorda
Thomas William LaSorda, (born July 24, 1954, in Windsor, Ontario, Canada) is a Canadian-American automobile industry executive who served as CEO and President of the Chrysler Group. In December 2011, he joined the board of Fisker Automotive and assumed the role of CEO until his resignation in August 2012.
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