Former Fiat Chrysler CEO Marchionne dies
[MILAN] Former Fiat Chrysler chief executive Sergio Marchionne has died, the carmaker's controlling family shareholder said on Wednesday.
Marchionne fell gravely ill after suffering complications following recent surgery in a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened.
"Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," FCA Chairman John Elkann, of the controlling Agnelli family, said in a statement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring