Fiat Chrysler won't sell Jeep: CEO

phys.org | 1/15/2018 | Staff
DanRules394 (Posted by) Level 3
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Sergio Marchionne, CEO of Fiat Chrysler (FCA), swatted down speculation Monday that he might sell the group's popular Jeep brand and forecasted a future strategic plan by June in anticipation of his retirement.

"We're not going to break up anything," Marchionne said during a question and answer session with reporters at the Detroit auto show. He also offered a firm "no," when asked if he might sell Jeep.

Wall - Street - FCA - Units - Alliances

Wall Street has speculated that FCA might sell off or spin off some units, while also exploring alliances. The speculation sent the company's stock to a record high last week.

The retiring CEO also predicted that a new strategic plan would be announced by the end of June and followed with an announcement of who will be his successor.

Marchionne - Spoiler - CEO - Ranks - C

Marchionne offered a spoiler: the next CEO would come from the ranks of the current C Suite.

"My successor is going to come out from those ranks," he said, adding that with only men currently occupying...
(Excerpt) Read more at: phys.org
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