A man in the running to replace Sergio Marchionne after his planned 2019 retirement has left the company, just two days after Jeep and Ram boss Mike Manley took over the CEO position from a seriously ill Marchionne.

The departure of Alfredo Altavilla, who headed up Fiat Chrysler’s Europe, Middle East, and Africa region, leaves the unexpectedly promoted Manley with another file on his plate. (Read More…)

While new car and light truck October sales were up in France, Spain and Germany, giving hope that the European market has finally bottomed out, Italy’s car market is not showing any signs of recovery with car sales down 5.6% from a year ago. Fiat’s European chief, Alfredo Altavilla, remains pessimistic about that brand’s home market. “We are not seeing signs of a recovery in Italy, while in other markets we are seeing the glimmer of recovery where the market has touched bottom,” Altavilla told Reuters. “The real problem in Italy continues to be lack of consumer spending.” (Read More…)