Weekly News

New Fiat Chrysler CEO's Big Challenge: Fixing the European Business

August 21,2018 13:11

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.

alfa romeo,auto makers,car sales,europe,fca,fiat,italy,maserati,mike manley,sergio marchionne,turin,General Motors,GM,Fiat Chrysler Automobiles N.V.,FCA.MI,Ford Motor,F,Sergio Marchionne,Mike Manley,Ferdinand Dudenhöffer,Martino De Ambroggi,financial performance,ownership changes,acquisitions,mergers,shareholdings,new products,services,management,management moves,labor,personnel,corporate actions,corporate,industrial news,cars,political,general news,living,lifestyle,motor vehicles,passenger cars,automotive

Share this article

Related videos

Fiat Chrysler following Ford's footsteps phasing out small cars
Fiat Chrysler following Ford's footsteps phasin...
Inside Denmark's Debt Problems, Central Bank Challenges
Inside Denmark's Debt Problems, Central Bank Ch...