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Daimler Chief Executive Dieter Zetsche. “The auto industry has lost a real giant. And many of us have lost a very dear friend: Sergio Marchionne.”. Gary Jones, United Auto Workers President. “During the industry’s dark days of the recession, Chrysler, Dodge, Jeep and RAM were at a perilous point. Working with the UAW members, the FCA rebirth was born when many doubted it would come. As in all labor-management relationships, there were clashes and disagreements.”. “And when history looks back at his legacy, despite bumps and bruises along the way, in the end, the sun wasn’t setting when he left the company, the sun was rising. That will long be remembered.”.

Chase Carey, Chairman and CEO of Formula 1 motor racing, “He led with great passion, game of thrones lannister 3 piece gift set cufflinks energy and insight, and inspired all around him, His contributions to Formula 1 are immeasurable, He was also a true friend to all of us and he will be deeply missed.”, Italian President Sergio Mattarella, “Marchionne wrote an important page in the history of Italian industry, As leader of Fiat he went through years of very deep and radical transformation of markets, production systems, financial strategies, and trade union relations, He has ensured the continuity and the re-launch of the group by building a new combination able to keep up with the competition.”..

Bill Ford, executive chairman of Ford Motor Co. “Sergio Marchionne was one of the most respected leaders in the industry whose creativity and bold determination helped to restore Chrysler to financial health and grow Fiat Chrysler into a profitable global automaker. His extraordinary leadership, candor and passion for the industry will be missed by everyone who knew him. Our thoughts and prayers go out to his family at this difficult time.”. Silvio Berlusconi, former Italian prime minister and media tycoon.

“With Sergio Marchionne Italy loses not only the most brilliant of its managers, but one of the symbolic figures of game of thrones lannister 3 piece gift set cufflinks our country, He represented the best of Italy.”, “An Italy that is not afraid of competition, knows how to face it and win thanks to the quality of Italian products and the creative capacity of people and businesses.”, Volkswagen Chief Executive Herbert Diess, “With Sergio Marchionne the auto industry has lost a great thinker and shaper.”, General Motors CEO Mary Barra..

“Sergio created a remarkable legacy in the automotive industry. Our thoughts are also with our industry colleagues at Fiat Chrysler as they deal with this sudden loss.”. Domenico Siniscalco, former Italian finance minister, now Italy country head at Morgan Stanley. “Sergio was a unique blend of a visionary and an executor. He combined a grand vision and the ability of getting things done. This is a real tragedy.”. Carlos Ghosn, Chairman and CEO Renault-Nissan-Mitsubishi. “Our entire team at Renault-Nissan-Mitsubishi were saddened to learn of the death of Sergio Marchionne. At this difficult time, we would like to express our sympathies to the Marchionne family, to our colleagues at Fiat Chrysler, Ferrari and CNH International.”.

MILAN (Reuters) - Former Fiat Chrysler CEO Sergio Marchionne, who rescued the Italian and U.S, companies and built them into the world’s seventh-largest carmaker, has died, the news breaking moments before the group reported a heavy fall in profit on Wednesday, The announcement of the death of Marchionne, 66, game of thrones lannister 3 piece gift set cufflinks one of the auto industry’s most tenacious and respected CEOs, drew tributes from rivals and tears from his closest colleagues, a collective grief that overshadowed a big sell-off in Fiat Chrysler shares..

Marchionne had fallen gravely ill after what the company had described as shoulder surgery at a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened. FCA’s scheduled second-quarter earnings presentation, led by Marchionne’s successor and former lieutenant Mike Manley, began on Wednesday afternoon with a minute’s silence. At FCA’s Italian base in Turin, “executives are all in tears. I spoke to a few of them,” said a source close to the company.

As eulogies flooded in, FCA shares fell more than 16 percent as investors digested an unexpected 11 percent fall in adjusted operating profit, well below market forecasts, “Unfortunately, what we feared has come to pass, Sergio Marchionne, man and friend, is gone,” FCA Chairman John Elkann, scion of the controlling Agnelli family, said in a statement, Marchionne rescued Fiat and Chrysler from bankruptcy after taking the wheel of the Italian carmaker in 2004 and he multiplied Fiat’s value 11 times through 14 years of canny dealmaking, He was due to game of thrones lannister 3 piece gift set cufflinks step down at FCA in April next year..

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