Sergio Marchionne's last hurrah as CEO of Fiat Chrysler entails betting the carmaker's future on Jeeps and Maserati luxury cars while downsizing its namesake brands, people familiar with the matter told Bloomberg. The company is considering ending sales of Fiat cars in North America and China in the coming years, while mostly confining Chrysler to the United States.
When Fiat Chrysler presents its 2018-22 business plan on June 1, the biggest question mark will be the future of the Fiat brand, which has been losing share steadily in its two main markets — Europe and Brazil — and is disappearing in the U.S.
FCA CEO Sergio Marchionne is planning a sweeping transformation of production in Italy that will see FCA abandon the manufacture of the Punto and MiTo small cars in favor of upscale models, Bloomberg reported.
Fiat Chrysler CEO Sergio Marchionne called for a cooling-off over U.S. threats to impose tariffs on steel, aluminum and European car imports, warning the resulting "noise" was complicating talks on the future of NAFTA.
Fiat Chrysler Automobiles named Tim Kuniskis to be the new global head for Maserati and Alfa Romeo while trimming some responsibilities from the brands' multitasking former boss, U.S. sales chief Reid Bigland.