Marchionne will retire from Chrysler in 2015 image

The man responsible for the big change in the Chrysler Group, Sergio Machionne, has announced that he will retire from the corporation in 2015 or 2016, in a recent statement.

“Technically speaking I can continue after 2015. I won’t be focusing on the date but I will focus on the process. The process was developed in time and I consider that my successor has to come from the heart of the company. The new management team has 22 people of 9 nationalities and its purpose is to learn them to become leaders”, said Chrysler’s boss.

Sergio Marchionne also said that Chrysler will continue to exist after he resigns from being the CEO. Marchionne’s previsions go further than that and he announces that the Dodge, Ram, Chrysler and Jeep brands will get the MultiAir technology from the Fiat Group, along with more effective transmissions which will help them to dramatically reduce the CO2 emissions and fuel consumption.

Chrysler’s boss wants to sell 2 million cars this year and 2.3 million the year after. “We are out of the ditch. We are expecting a step-by-step recovery in the next three or four years”.

Marchionne also commented on reducing the fuel consumption by 2025 and said the Chrysler Group won’t have problems with that.

The Italian-Canadian business man was born in 1952 and in 2006 was elected Chairman of the European Automobile Manufacturers Association (ACEA). He returned Fiat Group Automobiles to profitability in 2006 and together with Luca Cordero di Montezemolo has been widely credited with turning the group around to become one of the fastest growing companies in the automotive industry.