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Fiat Chrysler's CEO is about to bring the last piece of the puzzle to the carmaker (FCAU)

FCA announced that it will establish its own captive-finance arm. FCA is the only big carmaker without a captive, but CEO Sergio Marchionne's focus has been on other aspects of the company's well-being.

  • CEO Sergio Marchionne will retire in 2019 and wants to leave FCA is good shape to compete.
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Fiat Chrysler Automobiles CEO Sergio Marchionne is set ot retire in 2019. But before he goes, Marchionne has one last puzzle-piece to bring to the Fiat-Chrysler merger, which began after the Chrysler bailout and bankruptcy in 2009.

FCA added that it sold more than two million vehicles in 2017 — but it did so without owning the financing.

The company's leases and loans are handled by Santander, which operates Chrysler Credit; FCA is alone among big carmakers in not having a captive-finance arm.

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Marchionne has periodically lamented this, but establishing a captive hasn't been at the top of his to-do list. Instead, he's been focused on eliminating as much debt as possible from FCA's balance sheet before he departs.

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