FIRST AIRED: July 25, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>>
NOISE]>>
Former Fiat Chrysler CEO Sergio Marchionne has died at the age of 66. One of the auto industry's most tenacious and respected chiefs. A company shareholder confirmed news reports of his death on Wednesday. Citing complications from recent surgery.>>
FOREIGN]
> Marchionne fell gravely ill after a shoulder operation in a Zurich hospital.
00:00:25
He was hastily replaced as chief executive last weekend after Fiat Chrysler said his condition had worsened. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the helm of the Italian carmaker in 2004. Reuters' Lisa Jucca in Milan says his absence will be strongly felt.>> The Agnelli family who controls Fiat Chrysler will certainly miss him.
00:00:51
Since he took over as CEO in 2004 the company shares have earned over 300% and this is unmatched by other carmakers. With a visionary executive, probably the best car CEO of his generation, he used creative solutions to turn a near-dead company, Fiat, into a global auto maker, Fiat Chrysler.
00:01:17
>> In a statement, the chairman said, the best way to honor his memory is to build on the legacy he left us. The new CEO is British former Jeep division head, Mike Manley.>> Thank you.>> He plans to execute a new mid-term strategy that Marchionne had outlined in June.
00:01:34
>> Cherokee, and it is better.