 In 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world.Following complications from surgery, Marchionne resigned from all of his positions in July 2018 and died a few days later.The American business channel CNBC described Marchionne as a "legend of automotive industry", while the British newspaper "Financial Times" considered him as having been "one of the boldest business leaders of his generation".