The man who saved Fiat and Chrysler dies at 66
By
Associated Press
Published
July 25, 2018
Updated
July 25, 2018, 6:30 p.m. ET
MILAN — Sergio Marchionne, who engineered turnarounds to save both Fiat and Chrysler from near-certain failure, has died.
The holding company of the Agnelli family, which founded Fiat, confirmed Wednesday that Marchionne, 66, had died.
Marchionne joined Fiat in 2004 and led the Turin-based company’s merger with bankrupt US carmaker Chrysler. He built the dysfunctional companies into the world’s seventh-largest automaker.
Marchionne was reported to have had surgery for a shoulder problem about three weeks ago in Switzerland. Fiat Chrysler said Saturday that due to his deteriorating health, Marchionne “will be unable to return to work” and found a replacement.