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

    Rumorpile: FCA, Ferrari Boards To Discuss Marchionne Successors

      It seems Sergio Marchionne is making a quicker exit than we first thought

    *UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story.

    The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications.

    The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley.

    Spokespeople for both FCA and Ferrari declined to comment.

    In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan.

    Source: Automotive News (Subscription Required), Bloomberg, Reuters

    Edited by William Maley

    User Feedback

    Recommended Comments

    I REALLY REALLY REALLY HOPE that Mike Manley gets the CEO position, but my gut tells me they will probably go with the European Chief Alfredo Altavilla as Italians want an idiot Itallian running the company that is kept going by American Money.

    Mike would make sure the US divisions that have kept Fiat going and brought JUNK Alfa back from the grave would get the focus and profits to keep building new auto's.

    Bye Bye Sergio, you WILL NOT be missed!

    • Agree 1
    Link to comment
    Share on other sites

    53 minutes ago, dfelt said:

    I REALLY REALLY REALLY HOPE that Mike Manley gets the CEO position, but my gut tells me they will probably go with the European Chief Alfredo Altavilla as Italians want an idiot Itallian running the company that is kept going by American Money.

    Mike would make sure the US divisions that have kept Fiat going and brought JUNK Alfa back from the grave would get the focus and profits to keep building new auto's.

    Bye Bye Sergio, you WILL NOT be missed!

    @dfelt have I got some good news for you.

    Screen Shot 2018-07-21 at 12.14.51 PM.png

    • Agree 2
    Link to comment
    Share on other sites

    I had no idea Sergio was ill.  At the same time, replacing him with Manley should provide some hope for those who are pro-Chrysler and anti-FIAT.  FIAT and Alfa Romeo do not even belong in the USA since neither fill a niche that can be filled by somebody else.

    "You know, I would like my ordinary car (or luxury car) to be made by Italians," said NO ONE (in NA) EVER.

    • Thanks 2
    Link to comment
    Share on other sites

    The Giorgio platform did have the help of some Ferrari engineers. Then again Ford and Chevy can make Ferrari killing cars and so can Dodge.

     

    This is why why you end up with not enough money to retool SHAP properly, the Compass is totally mediocre outside of Trailhawk, and no new FCA US passenger cars for the next 3 years.

    • Like 1
    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

    • Interesting musical chairs I recently learned about. ITA Airways was recently acquired by Lufthansa. ITA, and preceding Alitalia, were in SkyTeam, headed up by Air France and KLM.  ITA came across as an unwanted stepchild for the more fastidious French and Dutch.  SkyTeam is pricey, as are their award redemption tiers. With this transaction, ITA joins Star Alliance, headed up by United and with Lufthansa and Air Canada in the consortium.  I'm happy about this.  At least I am right now.
    • I don't feel religion is bad.  I have one.  It's the dogmatic "holier than thou" crowd - usually older ladies who go to socialize and gossip - that drives people away. Ukraine has the right to exist peacefully the way we've known it to be for some 30 to 40 years.  The death toll is harrowing, and it's hard to think about the children, elderly, and invalids they've killed or maimed.  And these instigators claim to believe in God.  Not.
    • Seems the crazy Stooges circus has begun. https://www.msn.com/en-us/news/politics/liz-cheney-referred-for-criminal-investigation/ar-AA1w2lHB?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=12 Crazy back n forth, I hope Ukraine can recover their land and kick Russia out. https://www.msn.com/en-us/news/world/vladimir-putin-embarrassed-as-ukrainian-rout-causes-huge-russian-surrender/ar-AA1w0T5o?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=23 Next year is going to be one extremely large clown mess of attempted dictatorship wanna be attempts against our Constitution and I fear this is only the beginning as investment firms lock in profits and get out of companies, they do not feel can handle a downturn in a U.S. and or Global Economic recession. https://www.msn.com/en-us/money/markets/dow-suffers-worst-losing-streak-in-nearly-50-years-this-stock-is-driving-index-down/ar-AA1w2wlh?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=34 This will hurt the GOP as folks assess their view of Conservative with the GOP party. https://www.msn.com/en-us/news/politics/record-slim-house-majority-faces-new-problems-as-gop-lawmaker-announces-exit-from-republican-conference/ar-AA1w2e2V?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=47 Good to see our judicial system stand up to the snake oil salesmen who think they can get away with various crimes. https://www.msn.com/en-us/news/politics/judge-merchan-just-put-leash-on-trump-during-presidency-legal-analyst/ar-AA1w2qhi?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=67 This brings up a good question for all here, do you like Standard Time or Daylight Savings time? If you are like me and not wanting to deal with flipping back and forth on time twice a year, which time do you want? https://www.msn.com/en-us/news/politics/trump-says-he-ll-end-daylight-saving-time-here-are-the-winners-and-losers-if-he-does/ar-AA1w1Obc?ocid=BingHp01&cvid=f2884bd4f8b34ba2f527fff1fded1ac6&ei=78 So here is how states have voted to make one or the other permanent and do away with the flip back and forth. I do find it interesting that Ford is still filing patents on EV technology even though they have pulled back and have not really planned to move forward with 800v platform. Ford's Latest Patent Could Revolutionize EV Charging Crazy the lease deals you can get on an EV. As expected another ICE only, death to EV writer finally, actually got behind a wheel and found that the EVs are way better than ICE and even states that his next auto will be an EV now that he has actually driven one and tested it. Interesting read, his few dislikes is more of him needing to choose the display preference. I like mine in Dark mode, but the wife likes hers in light mode. So it is totally customizable. I drove an EV for the first time Have to say, I am hearing more and more from coworkers who were a never EV mind set, have actually test drove and ended up buying an EV. I think the tipping point is here where variety of EV choices are going to only make this more and more common. I suspect the Kia EV3 next year will be a huge deal for them as will the Chevrolet BOLT coming back into the market. Two SUVs that are below $30,000 will attract many new auto buyers.
    • @oldshurst442 Thank you for the laugh, I needed it today. Much appreciated the post you did.
  • 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