• FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Thursday, Oct. 11, 2007 file photograph, Fiat CEO Sergio Marchionne attends an ANFIA (Nationwide Affiliation of automobiles factories) assembly in Rome. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Aug. 31, 2016 file photo, German Chancellor Angela Merkel greets Fiat Chrysler Automobiles Chairman and CEO Sergio Marchionne, center, next to then Italian premier Matteo Renzi, left, and Fiat Chrysler chairman John Elkann, right, look at them, during a bilateral meeting, in Maranello, Italy. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Aug. 31, 2016 file photograph, German Chancellor Angela Merkel greets Fiat Chrysler Vehicles Chairman and CEO Sergio Marchionne, middle, subsequent to then Italian premier Matteo Renzi, left, and Fiat Chrysler chairman John Elkann, proper, take a look at them, throughout a bilateral assembly, in Maranello, Italy. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this March 15, 2017 file photo, President Donald Trump talks with Fiat Chrysler CEO Sergio Marchionne during a tour at the American Center of Mobility, in Ypsilanti Township, Mich. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this March 15, 2017 file photograph, President Donald Trump talks with Fiat Chrysler CEO Sergio Marchionne throughout a tour on the American Middle of Mobility, in Ypsilanti Township, Mich. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this June 1, 2018 file photo, John Elkann, president of the FCA Italy group, right, removes his necktie to give it to Fiat Chrysler CEO Sergio Marchionne prior to a press conference at the FCA headquarter, in Balocco, Italy. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this June 1, 2018 file photograph, John Elkann, president of the FCA Italy group, proper, removes his necktie to provide it to Fiat Chrysler CEO Sergio Marchionne previous to a press convention on the FCA headquarter, in Balocco, Italy. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Jan. 31, 2007 file photo, Fiat CEO Sergio Marchionne answers journalists' questions during the new Bravo car presentation in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Jan. 31, 2007 file photograph, Fiat CEO Sergio Marchionne solutions journalists’ questions throughout the brand new Bravo automobile presentation in Rome. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Friday, June 1, 2018 file photograph, Fiat Chrysler CEO Sergio Marchionne speaks throughout a press convention on the FCA headquarter, in Balocco, Italy. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Monday, Oct. 9, 2017 file photo, Ferrari Chairman and CEO Sergio Marchionne speaks to reporters at the New York Stock Exchange. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Monday, Oct. 9, 2017 file photograph, Ferrari Chairman and CEO Sergio Marchionne speaks to reporters on the New York Inventory Change. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Sept. 6, 2015 file photo, Formula One Group's Chief Executive Bernie Ecclestone, right, shakes hand with Ferrari president Sergio Marchionne prior to the start of the Formula One Italian Grand Prix, at the Monza racetrack, Italy. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Sept. 6, 2015 file photograph, Method One Group’s Chief Government Bernie Ecclestone, proper, shakes hand with Ferrari president Sergio Marchionne previous to the beginning of the Method One Italian Grand Prix, on the Monza racetrack, Italy. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • Chrysler Group CEO Sergio Marchionne greets workers after touring the assembly line at the Sterling Heights Assembly Plant in Sterling Heights, Mich., Tuesday, May 24, 2011. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    Chrysler Group CEO Sergio Marchionne greets staff after touring the meeting line on the Sterling Heights Meeting Plant in Sterling Heights, Mich., Tuesday, Could 24, 2011. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this Tuesday, Jan. 16, 2018 filer, Fiat Chrysler Automobiles CEO Sergio Marchionne is interviewed after the unveiling of the new 2019 Jeep Cherokee during the North American International Auto Show, in Detroit. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this Tuesday, Jan. 16, 2018 filer, Fiat Chrysler Vehicles CEO Sergio Marchionne is interviewed after the disclosing of the brand new 2019 Jeep Cherokee through the North American Worldwide Auto Present, in Detroit. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this July 14, 2015, file photo, Fiat Chrysler Automobiles CEO Sergio Marchionne, left, and United Auto Workers President Dennis Williams shake hands during a ceremony to mark the opening of contract negotiations in Detroit. TOn Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this July 14, 2015, file photograph, Fiat Chrysler Vehicles CEO Sergio Marchionne, left, and United Auto Employees President Dennis Williams shake fingers throughout a ceremony to mark the opening of contract negotiations in Detroit. TOn Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • FILE - In this July 29, 2011 file photo, President Barack Obama greets the Fiat Chrysler Group CEO Sergio Marchionne, at the Washington Convention Center in Washington. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.


    FILE – On this July 29, 2011 file photograph, President Barack Obama greets the Fiat Chrysler Group CEO Sergio Marchionne, on the Washington Conference Middle in Washington. On Wednesday, July 25, 2018, holding firm of Fiat founding household stated Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died.
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  • MILAN — The Newest on the dying of Fiat Chrysler’s former CEO, Sergio Marchionne (all instances native):

    2:45 p.m.

    Fiat Chrysler CEO Mike Manley has paid tribute to Sergio Marchionne, saying information of his dying is “heartbreaking.”

    Manley opened a convention name on the automaker’s quarterly outcomes on Wednesday with a minute of silence. He spoke from headquarters within the Italian city of Turin, the place company flags flew at half-mast. On the Fiat plant in Pomigliano, Italy, the place the favored Panda automobile is produced, staff stopped manufacturing for 10 minutes.

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    Manley stated: “It is a very unhappy and troublesome time.”

    “There isn’t a doubt Sergio was a really particular man and there’s no doubt he shall be sorely missed.”

    CFO Richard Palmer, who was additionally on the decision, stated Marchionne was distinctive, and that he was grateful to have labored alongside him for the final 12 years. “I do know his model was to get on with the job. I wish to transfer ahead with the presentation. Transferring to web page 3, Q2 wasn’t as much as our expectations…”

    ___

    11:45 a.m.

    Sergio Marchionne, who engineered turnarounds to avoid wasting each Fiat and Chrysler from near-certain failure, has died.

    The holding firm of the Agnelli household, which based Fiat, confirmed Wednesday that Marchionne, 66, had died.

    Marchionne joined Fiat in 2004 and led the Turin-based firm’s merger with bankrupt U.S. carmaker Chrysler. He constructed the dysfunctional firms into the world’s seventh-largest automaker.

    Marchionne was reported to have had surgical procedure for a shoulder drawback about three weeks in the past in Switzerland. Fiat Chrysler stated Saturday that attributable to his deteriorating well being Marchionne “shall be unable to return to work” and located a substitute.

            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            



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