Business & Finance News
Fiat Chrysler (FCA) said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill.
Sergio Marchionne was replaced as chief executive of Fiat Chrysler (FCA) on Saturday by the head of the firm’s Jeep division, Mike Manley, after the health of the carmaker’s long-time boss deteriorated sharply following surgery.
Luxury sports carmaker Ferrari said on Saturday it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill.
The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler (FCA) , worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of the firm’s Jeep division, FCA said in a statement.
Fiat Chrysler (FCA) has named Mike Manley, the head of the carmaker’s profit engine Jeep, as its new chief executive, replacing Sergio Marchionne who had to step down after serious complications from surgery, a source close to the matter said.
Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday.
Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, sources said on Saturday.
U.S. President Donald Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.
The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said.
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs.
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft.
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback’s strength and about Federal Reserve interest rate rises.
U.S. stocks were largely unchanged on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft Corp .
GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday.
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