John Elkann: 'Saddened to learn of Sergio's state of health'

Fiat Chairman John Elkann released this statement on Saturday regarding the health of Fiat Chrysler's longtime chief, Sergio Marchionne.

UPDATED: 7/21/18 12:55 pm ET - adds official announcement
Mike Manley, head of Jeep and Ram, replaces ailing Marchionne as FCA CEO

Fiat Chrysler Automobiles on Saturday appointed Mike Manley to replace the seriously ill Sergio Marchionne as its CEO. Manley, 54, a native of England, has headed Jeep since 2009 and the Ram brand since 2015.

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