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Colourful executive who rescued two car companies dies age Sergio Marchionne , head of Fiat since and Chrysler from , has passed away aged 66 after complications arising from surgery. Known for his straight-talking style, workaholic lifestyle, and love of black wooly sweaters, Marchionne was not a noted "car guy", but his legacy includes turning around not one, but two automakers.

He is survived by his partner Manuela Battezzato, and his sons Alessio and Tyler.

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Born in Italy in , Sergio Marchionne moved with his family to Canada when he was He has degrees in business and law, is fluent in three languages Italian, English and French , and is a certified accountant. Indeed, he spent the early years of his working life as a practicing accountant. He joined the board of the Fiat group as an independent director in , and was appointed as the chief of Fiat Auto in His appointment raised some eyebrows given his lack of experience in the automotive sector, but he his work in turning around SGS, a Switzerland-based testing and certification company, convinced Fiat to give him a shot.

Fiat Auto was swimming in red ink at the time, and had been through a succession of high-profile CEOs. Marchionne is widely credited with bringing the company back into the black by and pushing the retro , based on the Trepiuno concept, through to production. GM's gift Not only did the see the return of a classic name and place an upmarket twist on the city car format, it was built on the same platform — and in the same Polish factory — as the second-generation Ford Ka.

That's an intriguing development, given Fiat's partnership with cross-town rival General Motors. That alliance dated back to , when the two companies sought to share development costs and turn around their flagging European fortunes. GM took a 20 per cent stake in Fiat as part of the deal, with Fiat in turn holding 6. As part of the alliance, Fiat had a "put" option where it could force GM to acquire the Italian automaker any time between January and July A large sum, but arguably much less than the cost of taking over and integrating an Italian patient.