Fiat Heir Elkann Reshapes Family Legacy With Chrysler Deal: Cars
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While Fiat SpA Chief Executive Officer Sergio Marchionne, 61, got the spotlight for the New Year’s Day swoop to secure full control of Chrysler Group LLC, a reserved 37-year-old will ultimately determine whether that transatlantic combination succeeds.
John Elkann, born in New York and raised in the U.K., Brazil, France and Italy, is the reigning heir of the Agnelli family, the Italian industrial clan that’s controlled Fiat for 115 years. The young chairman, who’s already led the family for a decade, is in position to steer what’s become the world’s seventh-largest carmaker for years to come.