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Auto legend Sergio Marchionne, the charismatic executive who turned Fiat and Chrysler around before combining the companies as a profitable business, died Wednesday. He was 66.
Daimler/Mercedes lost about $10-30 billion dollars with Chrysler.
Unknown how much Cerebus Management lost with the bankruptcy of Chrysler.
Sergio performed magic turning around Chrysler.
But going back a few decades. Chrysler purchased AMC. Dumped the J10/Gladiator pickup truck and the small Comanche pickup truck. Then dumped the AMC brand for the Eagle brand. Dumped all AMC cars. Ended the Eagle brand.
Chrysler today can't make cars that sell. Fiat cars are Euro trash cars. Assembled in Romania with engine from Poland and transmission from France (or some such odd combination). Now attempting to bring back old Italian nameplates with Italian cars. Few recall the junk Fiats of the 1960,s and 1970's. Rust buckets made with Russian rolled steel.
Jeep and Ram (Dodge) trucks will be around for a long time. Who knows who will end up owning those brands. Probably the Chinese. But who knows.
I though making the Jeep Vice President CEO was rather sudden last week. Now we know why.
Some of you need to broaden your sources of news.
It was announced about a week ago that Mr. Marchionne was resigning as CEO effective at once due to complications from shoulder surgery.
Mr. Marchionne had undergone a rather routine operation but something (and we still don't know) happened and he was then in intensive care on a ventilator. Efforts to wean him off failed, then he died.
IMHO this has a whiff of the late "Joan Rivers" about it; the operation was routine, Mr. Marchionne was in reasonably good health before undergoing, but ends up in a coma then dead.
Mr. Marchionne had undergone a rather routine operation but something (and we still don't know) happened and he was then in intensive care on a ventilator. Efforts to wean him off failed, then he died. .
The speculation around the internet is that he had some blood clots form during surgery, which broke off an caused him to have a stroke.
The speculation around the internet is that he had some blood clots form during surgery, which broke off an caused him to have a stroke.
Yes, that is a risk factor during any type of surgery.
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