Chrysler-Fiat CEO Will Remain Until at Least 2017
Fiat– Chrysler CEO Sergio Marchionne will remain at his post until at least 2017.
Marchionne will remain as CEO to oversee the full merger between Fiat and Chrysler along with executing a new strategy to turn Fiat’s operations around in Europe. According to Fiat Group Chairman John Elkann, a new three-year business plan will be revealed in early May which Marchionne will lead “at least for the entire duration” of the plan.
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Previously, Marchionne said that he would step down as CEO in 2015 but given the delicate situation that both automakers are in, he will remain at the helm while the automakers begin grooming a new CEO. Marchionne hopes to complete the Fiat-Chrysler merger this week and the Fiat board will meet on January 29 in Europe to approve the new corporate name and other details of the merger.
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[Source: Automotive News Europe]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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"Thats not far off of the EPA estimated 19 MPG combined but other bigger V6 equipped three-row crossovers like the Santa Fe and Pathfinder can muster more miles per gallon." Ummm, excuse me, those SUV's do NOT have BIGGER V6's than the Journey. The Santa Fe is 3.3 liters (290 hp) and the Pathfinder is 3.5 (260 hp). Check your facts more carefully next time.
We have a 2010 Journey, and love how it drives and handles, but it doesn't get good gas mileage at all and it needs more interior space. I wish we had gone with the new Durango instead.