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Marchionne buys home in Oakland County

by Bill Cawthon on

Chrysler CEO Sergio Marchionne has bought a 9,000 square-foot custom-built home in northern Oakland County. Marchionne paid $3.9 million for the house and its two-acre lot, getting a very nice discount from the original asking price of $5.5 million.

Marchionne’s new home came fully furnished and has a two-story great room, six fireplaces, two kitchens, six bedrooms and baths and a lower level with a theater room.

Until now, Marchionne was living in a Birmingham condo he bought in 2009.

As to whether this is an indication of Marchionne having plans to settle in the U.S. and bring Fiat with him, he is keeping the home in Geneva, Switzerland, where his wife and two sons live, but this would seem to be more of a permanent place to settle than his apartment in Turn.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.

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