Fiat CEO steps into limelight with rescue plan

Newswire

By William Schomberg MILAN, June 24 (Reuters) - When Fiat's new CEO Giuseppe Morchio presents his plan to rescue the Italian carmaker and industrial conglomerate on Thursday, eyes will be as much on him as on his numbers. The man who once made a fortune from a multi-billion-dollar deal at Pirelli was lured back into big business in February by Fiat's controlling Agnelli family. Since then he has been working in virtual silence on how to cut costs and reverse a slump in car sales. ...

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