Iconic Fiat CEO Marchionne Stepping Down in 2018

Sergio Marchione plans to step down as CEO of Fiat Chrysler by 2018, marking the end of an era. The company is preparing for a leadership transition, possibly involving multiple successors. Despite initial market concerns, Fiat's chairman John Elkann is confident in the company's strong succession plan. Fiat is also shifting its focus from Italy to the US, where it generates most of its profit and revenue, while committing to invest in Italy and rehire laid-off workers.

What is the main reason for Sergio Marchione's decision to step down as CEO?

• He is being replaced due to poor performance.

• He wants to pursue a career in politics.

• He plans to retire and focus on personal interests.

• He is moving to a different company.

How did the stock market initially react to Marchione's announcement?

• The stock price increased by about 1%.

• The stock price dropped by about 1%.

• The stock price remained unchanged.

• The stock price increased by 5%.

What is John Elkann's perspective on the succession plan for Marchione?

• He wants to delay the succession process.

• He is worried about finding a suitable replacement.

• He believes there are strong candidates ready to take over.

• He plans to take over the role himself.

What percentage of Fiat Chrysler's profit is generated in the US?

• 50%

• 80%

• 60%

• 70%

What commitment has Fiat made regarding its operations in Italy?

• To invest in Italy and rehire laid-off workers.

• To move all operations to the US.

• To close all Italian factories.

• To sell its Italian assets.