Fiat Chrysler’s Sergio Marchionne dies, shares dive on profit slide

Girgijen Labarai July 25, 2018

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Reuters

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ID:

1532524280933060500

Wed, 2018-07-25 12:52

MILAN: Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit.
The announcement of the death of Marchionne, one of the auto industry’s most tenacious and respected CEOs, drew tributes from rivals and tears from his closest colleagues, a collective grief that overshadowed a big sell-off in Fiat Chrysler shares.