TURIN – Fiat Auto SpA has signed former Volkswagen AG executive Herbert Demel to replace CEO Giancarlo Boschetti, who retires next year. Magna Steyr Chief Herbert Demel reportedly will take over the reins at Fiat Auto. The appointment ends weeks of speculation over who would lead the troubled auto maker. “Demel's arrival is part of a strategy to renew the top managerial ranks at Fiat and add new professional skills to those we already have at the company," Fiat says in a ...

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