Arrivederci

31 May 2018 By Antony Currie Follow @AntonyMCurrie

CEO Sergio Marchionne is about to unveil the $32 bln carmaker’s next five-year plan after hitting most previous targets. He has to show how the company can fix its stalling Europe unit while catching up on electric and self-driving vehicles, all without him at the wheel.

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Fiat Chrysler Automobiles executives will on June 1 lay out their new five-year plan for the Italian-American automaker.

Chief Executive Sergio Marchionne intends to retire by early 2019, though will probably retain a leadership role at Ferrari, which Fiat Chrysler spun off in October 2015. Marchionne is currently chairman and chief executive of the sports-car company.

Fiat Chrysler has yet to announce who will succeed Marchionne.

The company said on May 31 that it would expand its partnership with self-driving technology company Waymo with an agreement to add up to 62,000 Chrysler Pacifica Hybrid minivans to Waymo’s self-driving fleet. The venture builds on a previous commitment, with vehicle delivery set to begin in late 2018.

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