Jeep

Victoria Lunacek

Fiat Chrysler announced recently that it will cut third shift operations at its Belvidere production facility in May. The plant produces the Jeep Cherokee. The company cited global demand as part of the reason. On this week's Friday Forum, we learn how the decision could have a much larger ripple effect on the economy.

The shift change will affect 1,371 jobs.

Susan Stephens / WNIJ

Fiat Chrysler Automobile announced Saturday that CEO Sergio Marchionne's health had suddenly deteriorated following surgery and that its board of directors had chosen Jeep executive Mike Manley to replace him.

Marchionne, a 66-year-old Italian-Canadian, joined Fiat in 2004 and led the Turin-based company's merger with bankrupt U.S. carmaker Chrysler. Manley, 54, had been heading the Jeep brand since June 2009 and the Ram brand from October 2015.