Fiat says chief executive Morchio resigns

Newswire

TURIN, May 30 (Reuters) - Italian car maker Fiat said on Sunday the group chief executive Giuseppe Morchio has resigned and the board will meet on June 1 to discuss the situation. Fiat said earlier on Sunday it has named the head of its Ferrari unit, Luca di Montezemolo, chairman to replace Umberto Agnelli who died last week.

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