Iconic Fiat CEO Marchionne Stepping Down in 2018

Sergio Marchione plans to step down as CEO of Fiat Chrysler by 2018, marking the end of an era. The company is preparing for a leadership transition, possibly involving multiple successors. Despite initial market concerns, Fiat's chairman John Elkann is confident in the company's strong succession plan. Fiat is also shifting its focus from Italy to the US, where it generates most of its profit and revenue, while committing to invest in Italy and rehire laid-off workers.

What significant decision did Sergio Marchione announce regarding his position at Fiat?

What reasons did Marchione give for stepping down from his role?

How did the stock market react to the news of Marchione's departure?

What did John Elkann say about the succession plan for Marchione's role?

In what way is Fiat Chrysler's business strategy shifting in relation to its operations in Italy and the US?