Friday, November 10, 2006

Fiat boss to step down next year

Fiat SpA chief executive Sergio Marchionne has confirmed that he will step down as the leader of the company's car making unit next year.

The Fiat boss said his successor would come from within the company. Marchionne has engineered Fiat's turnaround since taking over the failing industrial group in June 2004, and assumed the helm of the core auto division at the start of last year.

DATED: 10.11.06

FEED: MT





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