Executives

FCA's new CEO a 'solid dealer guy'

Mike Manley, the second CEO of Fiat Chrysler Automobiles, has received intensive on-the-job training at Sergio Marchionne's side for nine years and has years of practice running operations around the globe.

UPDATED: 7/21/18 10:12 am EDT -- adds detai
Marchionne to permanently exit Fiat Chrysler, Ferrari amid health crisis, reports say

Fiat Chrysler CEO Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, Reuters reported Saturday.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

MORE EXECUTIVE NEWS TALK FROM THE TOP FINAL ASSEMBLY
UPDATED: 7/19/18 3:42 pm ET - adds written testimony
Auto industry tells Commerce Dept. to ditch tariff proposal

A wide spectrum of auto interests, armed with the latest impact studies, warned at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.

UPDATED: 7/19/18 4:40 am ET - adds CEO comments, details
Volvo expects record full-year sales despite trade tensions

Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).


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