Sergio Marchionne, the man in black and self-proclaimed fixer who plucked Chrysler from the ashes of bankruptcy in 2009 and hitched it to Fiat to create a money-making global automaker, has died. He was 66.
FCA's Fiat, Alfa Romeo, Jeep and Abarth brands will not take part in this year's Paris auto show, according to French media reports. FCA joins automakers including Ford and VW brand in skipping one of Europe's top showcases for product debuts.
The Alfa Romeo 8C is still a bit of a mystery to many in the U.S. The model was offered in only a handful of dealerships when Alfa Romeo "returned" to the United States 10 years ago with a single model.
If FCA's five-year forecast comes to pass, dealers will get products including a new three-row Jeep Grand Cherokee, a midsize Ram pickup, several new or updated Alfa Romeos, a Tesla-fighting Maserati coupe and a midsize Maserati plug-in hybrid crossover.
FCA CEO Sergio Marchionne is planning a sweeping transformation of production in Italy that will see FCA abandon the manufacture of the Punto and MiTo small cars in favor of upscale models, Bloomberg reported.