Management turmoil hits Fiat shares

Fiat shares were down 3.3% in early trading at the Milan stock exchange after a management shakeup at the Turin-based vehicle maker.

Management turmoil hits Fiat shares
Mon, 31 May, 2004 - 10:09

Fiat shares were down 3.3% in early trading at the Milan stock exchange after a management shakeup at the Turin-based vehicle maker.

Fiat chief executive officer Giuseppe Morchio handed in his resignation yesterday, shortly after the Turin-based vehicle conglomerate announced it had picked Ferrari chief Luca Cordero di Montezemolo as its new chairman.

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