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Elkann: Marchionne will stay past 2015

by Bill Cawthon on


Italian financial newspaper Il Sole 24 Oro reports that Sergio Marchionne will be staying with Fiat past 2015.

During a meeting of Exor, the Agnelli family holding company that owns controlling interests in both Fiat and Fiat Industrial, John Elkann, chairman of the board, assured stakeholders that, contrary to earlier indications, Marchionne doesn’t plan to retire anytime soon.

“I am convinced, having talked with him, that will still be with us for many years to come,” Elkann told the group.

Elkann said the group is still grooming executives for top posts. An example is Rich Tobin, who will take the reins of the merged Fiat Industrial/CNH operations by the end of the third quarter of this year.

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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