After Fiat gained a 53.5 percent stake in Chrysler recently, the move to integrate the two brands has come closer as news from the US is that Sergio Marchionne has now been named Chrysler chairman. Not a lot will probably change in the daily running of things as some of the restructuring across brands has already occurred, but it does give Marchionne a nice title and indicates that the Italian brand plans to continue consolidating operations in the new Fiat-Chrysler deal.

Marchionne will stay on at the moment as both Fiat and Chrysler CEO but the move upwards is an interesting one and we’ll be curious to see if anyone else in the near future will fill one of those CEO roles. In the meantime, plans are that Fiat will rise to a nearly 60-percent stake in the American manufacturer by the end of the year.

Source | Autoblog

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