Tags: EU | Italy | Fiat Chrysler

Marchionne Lays out Fiat Chrysler Plan in Grand Finale

Friday, 01 June 2018 03:37 AM

BALOCCO, Italy (AP) — Fiat Chrysler CEO Sergio Marchionne is outlining his business plan for the automaker's next five years in his last big presentation to investors before retiring next year.

The presentation Friday of the 2018-2022 business plan marks Marchionne's grand finale, 14 years to the day after he was named Fiat CEO. During that time he has merged Fiat with U.S. carmaker Chrysler and spun off the industrial vehicle business and sports carmaker Ferrari.

Markets will be watching for Fiat's plans in Italy, where Marchionne has focused production on the premium Maserati and Alfa Romeo brands; the United States, where Fiat Chrysler has led the strategy of dumping passenger cars for higher-margin trucks and crossovers; and China.

Marchionne has said a successor would come from within the company.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Fiat Chrysler CEO Sergio Marchionne is outlining his business plan for the automaker's next five years in his last big presentation to investors before retiring next year.The presentation Friday of the 2018-2022 business plan marks Marchionne's grand finale, 14 years to the...
EU,Italy,Fiat Chrysler
129
2018-37-01
Friday, 01 June 2018 03:37 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved