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Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne

July 21, 2018 by  
Filed under News

Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery.


Source: Reuters Business News

Factbox: The executives replacing Marchionne at FCA, Ferrari, CNH

July 21, 2018 by  
Filed under News

Fiat Chrysler (FCA) said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill.


Source: Reuters Business News

Fiat says Marchionne's health worsens, names Jeep boss as CEO

July 21, 2018 by  
Filed under News

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.


Source: Reuters Business News

Ferrari picks Louis Camilleri as CEO, Elkann as chairman

July 21, 2018 by  
Filed under News

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.


Source: Reuters Business News

Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources

July 21, 2018 by  
Filed under News

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.


Source: Reuters Business News

Wall Street flat as earnings offset tariff threats

July 20, 2018 by  
Filed under News

U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump’s latest salvo of tough China tariff threats.


Source: Reuters Business News

GlaxoSmithKline considers break-up of the group: FT

July 20, 2018 by  
Filed under News

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.


Source: Reuters Business News

Dollar drops on Trump criticism; U.S., Europe stocks tepid

July 20, 2018 by  
Filed under News

The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.


Source: Reuters Business News

U.S., European allies map out larger role for F-35 fighter

July 20, 2018 by  
Filed under News

Lockheed Martin’s F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials.


Source: Reuters Business News

U.S. lawmakers cut anti-ZTE measure from must-pass defense bill

July 20, 2018 by  
Filed under News

U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp , a top Democrat in the Senate said on Friday.


Source: Reuters Business News

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