It’s official, folks – Fiat CEO Sergio Marchionne will also become the CEO of Chrysler. This news comes in after current Chrysler CEO Bob Nardelli said he would step-down once a partnership between Chrysler and Fiat is forged and after the new partnership completes its Chapter 11 bankruptcy restructuring.

Sergio has hinted in the past that he would become the American automaker’s new CEO, once stating that he would do whatever it takes to save Chrysler, even it means becoming the company’s CEO.

“Chrysler is on track to re-emerge from bankruptcy in 60 days,” Marchionne said. “I will become Chrysler CEO after that.” The idea has been discussed in meetings with the U.S. Treasury, he told Bloomberg

Source: Reuters