StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Marchionne, Elkann buy stock

by David Zatz on

Sergio Marchionne and John Elkann

Fiat chairman John Elkann and CEO Sergio Marchionne both purchased Fiat stock, taking advantag

e of a $1/share drop in the price.

Mr. Elkann purchased 133,000 shares for €7.56 (around $10.48) each, while Mr. Marchionne purchased 130,000 shares at  €7.57. Fiat stock has, since then, fallen to €7.44 (around $10.32; price checked at 1:15 pm EST). Both are putting their money where their mouth is, to the tune of $1.4 million, though it is unlikely that losing a large portion of it would make a material difference in their lives.

The share purchases appear to have been done either yesterday afternoon or earlier today. Fiat stock traded for €8.39 to €8.77 on May 6; the ticker symbol is F on the Milan exchange.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

Jeep K8
Jeep Grand Commander?

Here’s what the 2018 Wrangler JL will cost

Aussies go for Mopar squads

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © 2008-2017, Allpar LLC. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.