Jump to content
Create New...
  • William Maley
    William Maley

    Sergio Marchionne To Step Down As FCA CEO In 2018

      The End of an Era Is Coming To Fiat Chrysler Autombiles

    The end is coming for Fiat Chrysler Automobile's CEO Sergio Marchionne. In a interview with Bloomberg, Marchionne says he will step down in 2018, the same time that his second five year plan will end.

    “I’ll undoubtedly do something else” after the end of 2018, said Marchionne. "I am not going to do any more turnarounds. I’m done; let some of the young punks do it.”

    Marchionne, 62, became the CEO of Fiat in 2004 and helped triple the automaker's revenue over the subsequent years. He was also a key person in the company's acquisition of Chrysler.

    There is no mention of who will be successor to Marchionne. But the current CEO does mention his role may be split among a number of executives.

    “There are a number of things that the next CEO will do which are totally different from what I do. The role as presently configured will have to be reconfigured.”

    Source: Bloomberg

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.


    User Feedback

    Recommended Comments

    Not sure that I'm happy about this, at this point in time Chrysler and Dodge would be at the top of my list if I were in the market for a new car simply because they offer the type of products I want (V8 RWD)  and honestly if it were not for Fiat and especially Marchionne's leadership I doubt Chrysler or Dodge would even exist at this point.  With that being said there are some things that concern me, which are mainly the direction Jeep is heading in, Renegade is sure to be a hit and I do like it for what it is, but the Cherokee is just a total miss for me, call me crazy but the XJ Cherokee was almost as iconic as the Wrangler and this new Cherokee is nothing like that.  It leaves doubt in my mind about the future of Wrangler and even the Grand Cherokee as to what they will do to them.  The next Wrangler has alot riding on it and will be a put up or shut up moment for alot of people. 

     

    As for Chrysler itself, while the new 200 is light years better than the previous model, the sort of bland cookie cutter styling leaves a little something to be desired and makes me wonder what the future holds for the 300 and whether it will become another cab forward design and lose its cool factor, and also whether it will move downmarket.  I feel Chrysler should actually be aiming a little more upmarket and especially could push the 300 up with some really great styling and luxury content.   Even though historically Chrysler was never considered true luxury like Cadillac or Lincoln, I think Chrysler could actually be taken more seriously whereas Lincoln is still stumbling to get any traction in it's comeback.

     

     

     
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Just as Europe was to Music in the last few centuries, America topped Europe from the mid 1900's to now, but sadly in the last 4-5 ish years, I would say America has lost talent / folks worthy to listen to and Korea seems to be coming up strong. Yes, it was K-Pop with a few English words, now you have Black Pink, Aliee, Rain and others that are starting to really dominate the world of Music.  Lucky is that we still have the diversity of Music that the Asian Rim has not hit upon. PNW of course has contributed a number of types of Music such as Indie, Grunge, Alternative, Folk, Modern, Jazz, Rock, pretty impressive when you look at what has come from here: Music of the Pacific Northwest - Wikipedia Will be interesting to see how Music evolves over the coming years due to changes of society in North America due to repressive idiots.
    • Awesome  That sound like a rational option  I really think that America is a good place to eventually be from. That being said, I love American music. Music is Americas gift to the world. Of at least that much I am proud.
    • The Lyric has a weird back end, it is also too long for a 2 row SUV, and the wheels are too big, unless you get the base wheel.  The proportions are just off, the Vistiq and Optiq look a little more like traditional SUVs and I think if you want to sell EV's it needs to look like a traditional car and not some funky futuristic thing that is different for the sake of being different.  Also why Mercedes need to throw the EQ line in the trash which they are doing and they have an Electric G-wagon and their path to success is take the S-class body, the E-class body, etc and just drop it on the EV platform and call it a day.   Cadillac's ICE lineup outside of the Escalade isn't competitive at all, they can scrap all that crap and push to EV.    
    • I think Elon going full MAGA will probably drive away some of his former customers, plus there are so many other options coming on the market, and the Model Y is dated, although likely getting a refresh in 2025, but even the Model 3 is basically 7 years old, with just 1 refresh on it.    And if you take away the tax credit, Tesla prices basically go up 15-20%, that will cripple their sales.   GM just has to make sure they hit on build quality, and get the battery cost down, so that all these EV's at a least have no price increase in 2025 or 2026 as ICE cars keep getting more expensive so they can get some price parity.  And a sub-$30k Bolt could sell like hotcakes because the old one sold well despite being pretty below par for charge speed and battery tech. 
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search