Deals
Marchionne's Exit Puts Fiat Chrysler in Play for Merger Deal
- Ford, VW seen by investors as potential partners for FCA
- CEO’s departure opens door for ‘big transformational deal’
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Sergio Marchionne spent the last 14 years transforming Fiat Chrysler Automobiles NV through a series of spinoffs and mergers from a near-bankrupt Italian conglomerate into the best-performing U.S. automaker. His pending exit may open the door for the next big deal.
Marchionne, 65, is set to start his final year as chief executive officer after Fiat Chrysler’s annual shareholders meeting on Friday in Amsterdam. His plans to hand over to one of his aides has long been flagged, but what happens beyond that is a mystery. The carmaker, referred to as FCA by investors, isn’t going to provide much insight before presenting its plans for the post-Marchionne era at a June investor meeting, stoking speculation.