Fiat Chrysler Names Manley CEO; Marchionne's Condition Worsens

Fiat Chrysler Automobiles NV named Jeep and Ram brands chief Michael Manley to replace Chief Executive Officer Sergio Marchionne, whose health condition has worsened after unexpected complications from surgery, according to a company statement. “During the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours,” according to the statement. A Briton, he joined Chrysler in the U.K. in 2000 when the carmaker was part of Daimler.