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  • *Marchionne's condition worsened in "recent hours"- statement. MILAN/ PARIS, July 21- Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes...

  • MILAN, July 21- Fiat Chrysler said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill. Manley had worked as DaimlerChrysler's head of network development in Britain since 2000, having earlier worked for several years in car dealership. At Chrysler, he headed product planning and all sales activities outside of...

  • BUENOS AIRES, July 21- Bank of Japan Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone's benefit. President Donald Trump that Europe and China were manipulating their currencies in favour of their economies. Kuroda also sent hoped debate at the G20...

  • *Marchionne's condition worsened in "recent hours"- statement. MILAN/ PARIS, July 21- Sergio Marchionne was replaced as chief executive of Fiat Chrysler on Saturday by the head of the firm's Jeep division, Mike Manley, after the health of the carmaker's long-time boss deteriorated sharply following surgery. British-born Manley, who also takes responsibility for...

  • HAVANA, July 21- The draft of Cuba's new constitution opens the path to gay marriage by defining matrimony as between two individuals rather than between a man and a woman, a top government official told parliament on Saturday. The move reflects a trend in Latin America where same-sex couples have been allowed to marry in Argentina, Brazil, Colombia, Uruguay and...

  • MILAN, July 21- Luxury sports carmaker Ferrari said on Saturday it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill. In an emergency meeting called after Marchionne's health worsened, the Ferrari board also named John Elkann as chairman and gave Camilleri powers to oversee the company's...

  • July 21- CNH Industrial says:.

  • MILAN/ PARIS, July 21- The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler, worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of the firm's Jeep division, FCA said in a statement. FCA said British-born Manley, who will also take on the responsibilities for the North America region, would proceed with the...

  • CORRECTED-FERRARI SAYS NAMES JOHN ELKANN AS CHAIRMAN REPLACING MARCHIONNE.

  • *Casado calls for party unity, a strong Spain in EU. MADRID, July 21- Spain's conservatives shifted to the right on Saturday, electing a traditionalist as leader as they seek to re-establish a clear political identity less than two months after being removed from government. Pablo Casado won a clear victory in the ballot of People's Party members, and launched his...

  • Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although some individual sectors have been hurt. Mnuchin spoke to reporters on the sidelines of meetings of finance ministers and central bank presidents from the Group of 20 nations,...

  • ROME— The Latest on Fiat Chrysler Automobiles CEO:. Auto industry reaction to the announcement that Jeep executive Mike Manley will replace the ailing Sergio Marchionne as the head of Fiat Chrysler Automobile has been positive. Farm and industrial vehicle group CNH Industrial says its interim CEO, Derek Neilson, will continue on pending the selection of a...

  • July 21- Fiat Chrysler Automobiles Chairman John Elkann says:. *SERGIO MARCHIONNE'S HEALTH SITUATION "UNTHINKABLE UNTIL A FEW HOURS AGO", LEAVES EVERYONE WITH REAL SENSE OF INJUSTICE. *FIAT CHRYSLER CHAIRMAN SAYS SUCCESSION PLANS ANNOUNCED MEAN MAXIMUM POSSIBLE CONTINUITY CAN BE GUARANTEED Further company coverage:.

  • MILAN, July 21- The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler, worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of the firm's Jeep division, FCA said in a statement. "With reference to the health of Sergio Marchionne, FCA communicates with profound sorrow that during the course of this week...

  • ROME— Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne.

  • MILAN, July 21- Fiat Chrysler has named Mike Manley, the head of the carmaker's profit engine Jeep, as its new chief executive, replacing Sergio Marchionne who had to step down after serious complications from surgery, a source close to the matter said. Manley's appointment was first reported by Automotive News. The boards of FCA and sportscar maker Ferrari, where...

  • CAIRO— Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed at rebuilding the country's economy battered by years of unrest since a 2011 uprising. In recent months, Egypt introduced its latest wave of price hikes for fuel, drinking water and electricity.

  • CAIRO, July 21- Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 percent, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet. The government statement published in the Official Gazette said that, effective Aug. 1, the price for consuming up to 30 cubic...

  • *Boards meet to discuss successors- sources. MILAN/ PARIS, July 21- Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday. The boards of FCA, Ferrari and CNH Industrial, the truck and tractor...

  • BUENOS AIRES, July 21- Bank of Japan Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone's benefit. President Donald Trump that Europe and China were manipulating their currencies in favor of their economies. Kuroda also sent hoped debate at the G20...