Fiat Chrysler Hitch Ride Mastermind Marchionne to Move On

Fiat and Chrysler will become one this Sunday. The man behind this historic hitch ride, Sergio Marchionne, will then begin counting his days at the helm of the London-based automaker, possibly for something better. Marchionne reportedly wants to retire from his current job at the end of 2018, after Fiat Chrysler completes its current five-year road map full of expansion plans. Marchionne, now 62, took charge of Fiat ten years ago. In a recent interview at the Balocco test track in Northern Italy, he said, 'I'll undoubtedly do something else. I am not going to do any more turnarounds. I'm done; let some of the young punks do it.' The new Fiat Chrysler will be listed on Monday on the NYSE and its equivalent in Milan, the Borsa Italiana.

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