Less than a week after Fiat Auto SpA reaches a $2 billion settlement with General Motors Corp. to dissolve their equity and joint venture alliances, and a day after the Italian auto maker purchases the outstanding equity in Maserati SpA, Fiat Auto says it has relieved CEO Herbert Demel of his duties. Corporate parent Fiat SpA’s CEO Sergio Marchionne will assume Demel’s duties and run the day-to-day operation of the auto unit. (See related story: Maserati to Move to Fiat) Former Fiat ...
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