New Fiat Chrysler CEO’s Big Challenge: Fixing the European Business

Europe accounts for over one-third of FCA’s employees but only one-tenth of its profit

TURIN, Italy—Fiat Chrysler Automobiles NV’s new Chief Executive Mike Manley faces some unfinished business in Europe.

His predecessor, Sergio Marchionne, who died last month, saved Fiat and rescued Chrysler from bankruptcy by orchestrating their merger, gaining him a reputation as a turnaround specialist. But Mr. Marchionne left unresolved the future of FCA’s legacy business in Europe, including the Fiat, Alfa Romeo and Maserati brands.

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