Fiat-Chrysler boss Marchionne will remain in charge
7 May 2014 Last updated at 08:18 BST
Sergio Marchionne will stay on as boss of Fiat Chrysler for the next 5 years to oversee his new growth plan.
The carmaker wants to boost global sales by 59% by 2018 - and it is relying on more brands to do it.
These targets are part of its latest 5 year plan unveiled late on Tuesday.
Michelle Fleury reports from New York.