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Sergio Marchionne passes away
Former Ferrari president Sergio Marchionne has died aged 66. Complications arising from surgery on his shoulder had led to the Italian-Canadian being replaced as the head of Ferrari and Fiat-Chrysler companies last Saturday. The holding company of the Fiat founding family said on Wednesday that Marchionne had passed away. "Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," said Fiat-Chrysler chairman John Elkann in a statement. Marchionne had been at Fiat for over a decade and added the title of Ferrari chairman in 2014, replacing Luca di Montezemolo. More to follow...
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