Health complications has forced Sergio Marchionne to step down from his post as Fiat Chrysler Automobile’s CEO. He has been replaced by Mike Manley effective immediately.
Marchionne had been recovering from shoulder surgery for some months, but a deterioration in his condition has rendered him incapable of running the automaker effectively.
FCA did not elaborate, but having served as FCA CEO since 2004, the former tax account oversaw a controversial tenure that included the acquisition of Chrysler during the 2008 global financial crisis, saving it from bankruptcy; the reintroduction of the Fiat, Alfa Romeo and Maserati brands to North America; spinning off Ferrari; and killing off Chrysler’s passenger cars,
Marchionne was expected to retire at age 66 in 2019. His replacement, Manley was previously the boss of FCA’s Jeep and Ram brands and assumes all powers of the CEO by the board of directors. John Elkann will become chairman at Ferrari, a post Marchionne was expected to hold in until 2021.
Is Fiat Chrysler better off without Sergio Marchionne? Share your thoughts in the comments below.
Alfa Romeo Tonale SUV Concept Previews Alfa’s First Electrified Vehicle
The Italian automaker is getting ready to enter the electric vehicle segment.
Alfa Romeo used the 2019 Geneva Motor show to debut the Tonale Concept, previewing its first plug-in hybrid.
Sharing a design language with the larger Stelvio, the sleek compact crossover stands out with a large lower grille flanked by LED-array headlights that are thinner than those on the Stelvio and retro design elements like Alfa Romeo’s characteristic phone-dial wheel, which as borrowed from the 33 Stradale of the 1960s.
Highlights of the interior include a 12.3-inch full digital instrument cluster, a large 10.25-inch touchscreen for the central head unit, and premium materials ranging from aluminum to Alcantara and leather.
Technical details or a launch window for the production Tonale were not revealed, but the model was envisioned with a plug-in hybrid powertrain.
Alfa Romeo plans to launch a total of six PHEVs by the end of 2022, and the Tonale will certainly be one of them.
Is Alfa Romeo Giving Birth To A Baby SUV?
Stelvio might be getting a little brother.
Alfa Romeo will reportedly release a brand-new crossover that slots below the Stelvio compact crossover.
Sources famaliar with the vehicle revealed to Greece’s that the model will ride on a model-specific version of the Giorgio platform that underpins the aforementioned Stelvio and the Giulia, meaning it will be rear-wheel drive or, optionally, all-wheel drive.
Power will likely come from a turbocharged, four-cylinder engine and, as unlikely as it might be for the small crossover segment, possibly a V6.
A sub-Stelvio crossover was a centerpiece of the five-year product plan Alfa Romeo presented in June 2018, so this is more than just a rumor. In fact, previous reports claim it will share platforms with either the Jeep Renegade or Compass rather than with the Stelvio.
If designed and built right, the little Italian high-rider could become the company’s best-seller, and releasing it as quickly as possible would help the company reach its goal of selling 400,000 cars annually by 2022.
Alfa Romeo’s Small SUV Will Be Based On Jeep Compass
The Italian automaker’s next high-riding model will borrow from Jeep.
Alfa Romeo’s SUV lineup will soon grow with the addition of a new compact crossover based on the Jeep Compass, which contradicts earlier reports claiming it would ride on a shrunken version of the rear-wheel drive Giorgio platform that underpins the Giulia sports sedan.
According to , Fiat Chrysler Automobiles will dedicate $5.7 billion to produce new models and engines at its factories in Italy.
The new compact Alfa Romeo SUV, which is expected to be offered with a plug-in hybrid powertrain, will sit below the Stelvio (pictured) and compete in the same segment as the Volvo XC40, Audi Q3 and Lexus UX.
FCA didn’t confirm when the new Alfa Romeo SUV will arrive or if it will be sold in the United States and Canada, but an earlier report claimed it will arrive in 2021 at the earliest.
How does the idea of an Alfa Romeo based on a Jeep compass sound? Share your thoughts in the comments below.