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File (hide): 4625e5b807625b5⋯.png (40.26 KB, 1200x443, 1200:443, FCA.png) (h) (u)

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76f071 (8) No.2354515[Watch Thread][Show All Posts]

This thread is for digs on FCA's late CEO Sergio Marchionne.

https://www.motorauthority.com/news/1117948_fca-didnt-have-prior-knowledge-of-marchionnes-illness

76f071 (8) No.2354523

Fiat Chrysler Automobiles N.V. (abbreviated as FCA) is an Italian and American multinational corporation and is the world’s eighth largest auto maker.[6] The group was established in late 2014 by merging Fiat and Chrysler into a new holding company, Fiat Chrysler Automobiles, legally incorporated in the Netherlands (with headquarters in London) for tax purposes.[7] The holding company is listed on the New York Stock Exchange and Borsa Italiana in Milan.[8] Exor N.V., an Italian investment group controlled by the Agnelli family, owns 29.19% of FCA and controls 44.31% through a loyalty voting mechanism.[9]

FCA’s mass-market brands operate through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) and FCA US (previously Chrysler Group LLC). The company’s portfolio includes automotive brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Ram Trucks. Ferrari was spun off from the group in 2016.[10] FCA also owns industrial subsidiaries Comau, Magneti Marelli, Mopar and Teksid.[11] Today FCA operates in four global markets (NAFTA, LATAM, APAC, EMEA).[12]


76f071 (8) No.2354540

On July 21, 2018, FCA's chief executive Marchionne was suddenly replaced in all of his positions at FCA, Ferrari, SGS and CNH following emergency meetings of each respective company's board of directors the day before.[27][28][29] Marchionne last appeared in public on June 26 in Italy, where he appeared to be quite lethargic and fatigued.[30] FCA stated on July 5 that he had taken medical leave to undergo surgery to his right shoulder and on the day of his replacement stated that he would not be able to return to work due to post-surgical complications.[31] It was later reported that his health had deteriorated "suddenly and sharply" and that he was "gravely ill" at the University Hospital of Zürich in Switzerland.[32]

Exor chairman and Agnelli family heir John Elkann issued a statement saying, "I am profoundly saddened to learn of Sergio’s state of health. It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice. My first thoughts go to Sergio and his family."[33] Italian media sources reported the move was triggered because Marchionne had lapsed into a coma[34][35][36] and later contradicted FCA's statement, reporting that his surgery was actually a much more invasive procedure meant to combat an unspecified but aggressively infectious disease that had recently been diagnosed.[37][38][39] It was later reported that Marchionne had long had trouble with chronic pain in his shoulders that made arm movement difficult, which he was treating with cortisone. He was subsequently diagnosed as having an invasive shoulder sarcoma, the severity of which he concealed from Elkann and his colleagues while he underwent treatment. His shoulder surgery was part of this treatment, and was reported to have been a high-risk operation that Marchionne was initially apprehensive about. During the operation he suffered a stroke triggered by a cerebral embolism which sent him into a coma. Marchionne reportedly suffered permanent brain damage and was being kept alive by life support machines, with doctors saying there was no hope for recovery.[40][41] Sergio Marchionne eventually died on July 25, 2018, aged 66.[42][43]


76f071 (8) No.2354551

>https://www.motorauthority.com/news/1117948_fca-didnt-have-prior-knowledge-of-marchionnes-illness

Sergio Marchionne's resignation from the top post at Fiat Chrysler Automobiles on July 21 due to health reasons and his subsequent death four days later came as a shock to many, including close employees at the automaker he ran.

Italy's Lettera43 reported Tuesday that Marchionne underwent surgery at University Hospital Zurich for an invasive shoulder sarcoma and had suffered a cerebral embolism during the procedure, which plunged him into a coma.


76f071 (8) No.2354571

Marchionne was the architect of Fiat's takeover of the Chrysler Group--Chrysler, Dodge, Jeep and Ram–when the U.S. government had the company in receivership in 2009. The Obama White House auto team was considering letting the group dissolve, viewing it as too big a basket case to save. But Marchionne saw his opportunity to bolster the lagging Fiat business by getting his hands on the Jeep and Ram businesses. The Ram pickup business is enormously profitable, as is Jeep, and the latter, he and everyone else in the industry knew, was woefully under leveraged globally.


76f071 (8) No.2354636

The federal government took over GM and Chrysler in March 2009. It fired GM CEO Rick Wagoner and required Chrysler to merge with Italy's Fiat S.p.A.


76f071 (8) No.2354653

Chrysler's Bailout

On January 16, 2009, the Treasury Department approved a $1.5 billion loan for Chrysler Financial. The interest rate for the loans was one point above Libor, also known as the London Interbank Offered Rate. In addition, Chrysler Financial promised to pay the government $75 million in notes and reduce executive bonuses by 40 percent. As a result, car buyers got zero percent financing for five years on some models.

Chrysler received $4 billion of the $7 billion bridge loan it originally requested. In return, its owner Cerberus vowed to convert its debt to equity.

The January 19, 2009 article in The Washington Post, "U.S. Expands Aid to Auto Industry," reports that it had also asked for $6 billion from the Energy Department to retool for more energy efficient vehicles. Chrysler wanted the Big Three to partner with the federal government in a joint venture to develop alternative energy vehicles. That didn't happen, and Chrysler didn’t get the loan from the Energy Department. Instead, it pledged to debut an electric vehicle in 2010, ramping up to 500,000 by 2013.

On April 30, 2009, Chrysler filed for bankruptcy. Treasury Secretary Tim Geithner agreed to lend it $6 billion to fund operations while in bankruptcy. It emerged as a new company, 58.5 percent of which automaker Fiat S.p.A. of Italy now partly owned. This Fiat-Chrysler merger created the world's sixth largest automaker. The rest is owned by the United Auto Workers Retiree Medical Benefits Trust. Chrysler closed underperforming dealerships as part of its bankruptcy proceedings.

In May 2011, Chrysler repaid $11.2 billion of its outstanding $12.5 billion in TARP loans six years ahead of schedule. Total cost to taxpayers was $1.3 billion.

In 2013, Fiat CEO Sergio Marchionne announced plans to take Chrysler public on the New York Stock Exchange. This allowed Fiat to purchase the rest of the company and merge the two into a more competitive global automaker. In October 2014, it was listed under the ticker symbol "FCAU." The new company was called Fiat Chrysler Auto Company N.V. Its 2017 market capitalization was $17 billion.

In 2016, Chrysler spun off its Ferrari division. In 2017, there were rumors that Chrysler might sell its flagship Jeep brand to a Chinese automaker. The company also switched its U.S. plants from cars to trucks and Jeep sport utility vehicles. There are no plans to build electric or self-driving vehicles.


76f071 (8) No.2354762

Find out if Marchionne was a cabal/deep state plant.

Dig into his death, which I find suspicious. Was it to silence Sergio; prevent him from singing?

Since we know the steel and aluminum industry were comped under the Obama admin, as well as aviation comms components, could these compromised components have found their way into FCA automobiles under Marchionne's leadership?




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