Report

Marchionne hints he'll step down in 2015 or 2016

During this week's Management Briefing Sessions in Traverse City, Michigan, Sergio Marchionne hinted at the possibility of stepping down from the position of Chrysler CEO within the coming years. While talking about Chrysler's future plans, Marchionne said they will "be up to go the guy after me – after 2015 or maybe a year later," Automotive News reports.

Recently, a single management team for all of Chrysler/Fiat's properties was announced, with Marchionne taking the top role for Chrysler's operations here in North America. Marchionne also currently holds the position of CEO for Fiat S.p.A., Chrysler's controlling shareholder.

"There will be a Chrysler after me," Marchionne stated. The CEO also said that Chrysler should have little trouble adjusting its product lineup to meet the stricter fuel economy requirements for the year 2025.

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