General Motors Co. sold its European business last year after losing money in the region for two decades. FCA and Ford Motor Co. had long runs of annual losses in Europe; and although they now turn an operating profit there, margins remain well below ...and more »
TURIN, Italy—Fiat Chrysler Automobiles NV’s new Chief Executive Mike Manley faces some unfinished business in Europe.
His predecessor, Sergio Marchionne, who died last month, saved Fiat and rescued Chrysler from bankruptcy by orchestrating their merger, gaining him a reputation as a turnaround specialist. But Mr. Marchionne left unresolved the future of FCA’s legacy business in Europe, including the Fiat, Alfa Romeo and Maserati brands.
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