Fiat Chrysler CEO Marchionne is reportedly in intensive care in a Swiss hospital (FCAU)

  • Former FCA and Ferrari CEO Sergio Marchionne is reportedly in intensive care.
  • The 66-year-old executive was recovering from shoulder surgery.
  • FCA and Ferrari hurriedly announced new CEOs of both companies over the weekend, as Marchionne's condition worsened.

An Italian media outlet has reported that Fiat Chrysler Automobiles CEO Sergio Marchionne has been admitted to intensive care at a hospital in Switzerland.

Marchionne, 66, fell ill after shoulder surgery and was replaced over the weekend as CEO of FCA and also Ferrari.

"Il Messaggero, a Rome newspaper, reported Sunday that 'complications arose which compromised the situation, which worsened in recent hours,' according to a Google translation of a story on the newspaper's website," the Detroit Free Press reported.

"The Italian news agency ANSA said he had been admitted to intensive care. The company said Sunday it planned no statement on Marchionne's condition," the newspaper added.

RELATED: Consumer Reports' Top Picks for 2018: Best cars, trucks, and SUVs to buy

Consumer Reports' Top Picks for 2018: Best cars, trucks, and SUVs to buy
See Gallery
Consumer Reports' Top Picks for 2018: Best cars, trucks, and SUVs to buy

1. Compact car: Toyota Corolla

Price as tested: $20,650

Why it's here: "This practical, fuel-efficient sedan has all the virtues that small-car shoppers seek, backed by its strong reliability track record," the publication said in a statement. Consumer Reports praised the Corolla for its roomy interior, secure handling, superior ride, and solid 32 mpg fuel economy.

2. Compact green car: Chevrolet Bolt

Price as tested: $38,424

Why it's here: "We put the Bolt through our battery of rigorous tests and drove it thousands of miles, both at our test track and on public roads," Consumer Reports' director of automotive testing, Jake Fisher said in a statement. "With the ability to go up to 250 miles on a charge, the Bolt is a good option for someone who might never have considered an EV before."

3. Luxury compact car: Audi A4

Price as tested: $48,890

Why it's here: "The A4 shines by being sporty, luxurious, and polished in a competitive category," Consumer Reports wrote. "It's very satisfying to drive, with nimble, secure handling helped by its minimal body roll and responsive steering."

4. Midsize car: Toyota Camry

Price as tested: $26,364 — $28,949

Why it's here: Consumer Reports praised the Camry for its overall competence, new styling, and improved handling. The publication was also particularly impressed by the four-cylinder Camry's 32 mpg fuel economy as well as the Camry Hybrid's 47 mpg.

5. Large car: Chevrolet Impala

Price as tested: $39,110

Why it's here: "The Impala continues to be a gem among large cars, providing a driving experience that's akin to a luxury car," Consumer Reports gushed. Its staff was also impressed by the Impala's spacious, quiet, and well-appointed cabin.

6. Compact SUV: Subaru Forester

Price as tested: $27,145

Why it's here: "This is a practical, smartly packaged small SUV that emphasizes fuel economy, room, visibility, and reliability over trendiness or flash," Consumer Reports wrote.

7. Luxury Compact SUV: BMW X3

Price as tested: $53,745

Why it's here: "This luxury compact SUV combines driving enjoyment, comfort, slick technology, and utility in an appealing package," the publication wrote. "It's sharp, sporty handling encourages drivers to seek curvy roads."

8. Midsize SUV: Toyota Highlander

Price as tested: $41,169 — $50,875

Why it's here: The Highlander garnered praise for its good performance, fuel economy, and reliability. In addition, the three-row SUV's ability to handle eight occupants while remaining small enough to be easy to park also won the Highlander plaudits.

9. Minivan: Toyota Sienna

Price as tested: $38,424

Why it's here: "In this segment, the Sienna offers the best all-around package with a comfortable ride, an energetic powertrain, and respectable fuel economy," Consumer Reports wrote. "The spacious cabin features convenient folding seats and available seating for eight."

10. Full-sized pickup truck: Ford F-150

Price as tested: $52,535

Why it's here: "The F-150 tops the full-sized pickup truck category," the publication wrote. "The best-selling vehicle in America is an impressive workhorse that pulls ahead of the pack thanks to its weight-reduced design and fuel-efficient turbocharged six-cylinder engine."


In a statement on FCA's media site posted Saturday, the group's Chairman, Jon Elkann, wrote that he was "profoundly saddened to learn of Sergio’s state of health."

"It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice," Elkann said. He was named Ferrari's Chairman on Saturday.
"Over the past 14 years together we have lived through successes and difficulties, internal and external crises, but also unique and unrepeatable moments, both personal and professional," Elkann added.
Details about the specific nature of Marchionne's illness have been lacking, but various media reports have described his condition as grave. He is being attended by his two sons and his partner.

Marchionne is a turnaround specialist who became CEO of Fiat in 2004. He engineered a takeover of bankrupt Chrysler in 2009, following the struggling Detroit automaker's bailout by the US government during the financial crisis.

IPOs of FCA and Ferrari

He later staged a successful IPO of FCA in 2014.

In 2015, after assuming the CEO's role at Ferrari following the departure of longtime head Luca di Montezemelo, he oversaw the spinoff of the luxury brand and its equally successful IPO.

Marchionne also courted General Motors in a fruitless bid to merge the carmakers.

Known for his casual style — he often appeared in a uniform of black sweater and jeans — Marchionne was an outspoken CEO, rarely avoiding chances to call the auto industry out for its wasteful ways. He was a workaholic chief executive who made immense demands of his underlings and until recently was a chainsmoker and copious consumer of coffee. 

Marchionne's health wasn't an issue prior to late last month, when he went in for surgery. He was expected to recover quickly and oversee second-quarter earnings from both FCA and Chrysler this week and next, but he evidently took a turn for the worse. 

He had planned to retire from FCA in 2019 but stayed on as CEO of Ferrari until 2021.

Over the weekend, Mike Manley was named CEO of FCA; he had been running the Jeep division. Louis Camilleri will assume Marchionne's CEO role at Ferrari.

More from Business Insider:

Read Full Story