There are some people who can't be replaced and Fiat Chrysler (FCAU) - Get Stellantis N.V. Report CEO Sergio Marchionne, who is stepping down, is one of them, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
"When he brought Ferrari (RACE) - Get Ferrari N.V. Report public, a lot of people felt it was foolhardy - because Ferrari could never scale - it was hand made," Cramer noted. "Well guess what? It scaled."
Mike Manley has been named CEO. Manley previously ran the company's Jeep division.