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Carmaker Stellantis loses former FCA CEO Manley

PSA Peugeot's takeover of Fiat Chrysler to form the world's fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down as his role of head of the Americas.

Mike Manley introduces the 2019 Jeep Cherokee during the North American International Auto Show, in Detroit, on Jan. 16, 2018. (Carlos Osorio / AP)