Wednesday, 25 July 2018

Former Fiat Chrysler chief executive Sergio Marchionne dies from complications after surgery



Former Fiat Chrysler chief executive Sergio Marchionne, one the auto industry's most respected leaders, has died following complications after surgery on his shoulder.
 
"Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," FCA Chairman John Elkann said in a statement.
 
 
The world's seventh-largest car-maker said on Saturday that the highly regarded Mr Marchionne, 66, had been forced to step down as he was seriously ill in a Zurich hospital.


Mr Marchionne, who was born in Italy but who held joint Italian-Canadian citizenship, is one of the industry's most revered figures after rescuing Fiat, Italy's biggest industrial combine, from near-bankruptcy in 2003-2004.






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