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Viewsroom

Viewsroom: Sergio Marchionne’s legacy

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 26 July 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

The sudden death of Fiat Chrysler’s CEO has robbed the car industry of one its most colorful – and successful – leaders. Antony Currie, Rob Cox and Lisa Jucca look back over his 14 years at the wheel and discuss what’s on the road ahead for his successor Mike Manley. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today

0:10.7

and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.8

The views expressed on this podcast are those of the participants, not of Rogers News.

0:30.5

What was Sergio Marcioni's impact on the car industry? That's the topic of discussion for

0:35.9

this week's views room, a weekly conversation

0:38.2

among Breaking View's columnists about the ups and downs of the world of finance. I'm your host,

0:42.9

Anthony Curry. Sergio Marcioni died on Wednesday after complications following shoulder surgery.

0:49.9

In his 14 years running Fiat Chrysler, he brought not one but two carmakers back from the Wreckers yard and created more value for shareholders in the industry than any other, except perhaps, Elon Musk. I'm joined by two of Breaking Views, Ugearheads, Rob Cox, and Lisa Yucca, to discuss Markioni's legacy and what Fiat Chrysler does next. So Rob, I'm going to start with you.

1:11.6

Look, we've all covered Fiat Chrysler over the years in various different ways.

1:15.6

You though knew the company and Marcioni the longest.

1:18.6

What do you take as, what stands out as his legacy?

1:22.6

Yeah, I mean, you know, I met Sergio first, you know, just after maybe a year after he had basically turned Fiat Auto around, which had been a real problem. You know, he was he was probably one of, I can't think of an executive, much less autos in industry that managed to take something that everyone thought was basically

1:45.5

headed for the junkyard and turned it into not only a, you know, not make it to survive,

1:51.9

but to make it thrive in such a way that, you know, when he came in, the company had a market

1:57.0

cap of about five and a half billion euros. If you look at the three companies that were

2:03.6

broken out, Fiat, Chrysler, Ferrari, and then CNH industrial, you've got something like

...

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