Sergio Marchionne’s decision to bow out of the Frankfurt Motor Show is sending tremors through global financial markets, prompting speculation that a deal between Fiat SpA and a trust run by the United Auto Workers on the future of Chrysler Group LLC could be imminent.
Shares in the Italian automaker have been volatile since the company announced that Marchionne, the 61-year-old CEO of both Fiat and Chrysler, would not be attending previously scheduled press conferences at the show. Fiat shares jumped 6 percent on Monday to close at 6.16 euros, or about $8.17. On Tuesday, Fiat’s shares went as high as 6.255 euros, or about $8.29, before falling to 6.125, or about $8.12.
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