If there’s one saying that describes Marchionne’s personality, it’s “never say never.” And when asked whether FCA’s Jeep and Ram brands could be spun off into separate, standalone companies either together or separately, he said “Yes.” Marchionne has a history of mergers, acquisitions and spin-offs and is the CEO behind Fiat’s acquisition of a controlling stake in Chrysler in 2009, before spending five years integrating both automakers into a single, global company.
Six years ago, Marchionne split Fiat and Fiat Industrial, a former agricultural manufacturing division of Fiat, into two separate companies. Now, CNH Industrial has annual sales of over $25 billion and is traded on the New York Stock Exchange.
Most recently, the biggest move Marchionne made was spinning Ferrari off into an independent company. The Italian exotic automaker is now traded on the New York Stock Exchange at more than $75 per share, and generates over $3.4 billion in annual revenue and close to $435 million in net income, according to Detroit Free Press.
Marchionne didn’t go into any further details about the possibilities of Ram and Jeep becoming independent companies, but don’t be surprised if it eventually happens, given the success of the two brands.
[Source: Detroit Free Press]
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