Overview
- He died on 16 November 2025 at age 95, according to Italian media reports.
- A close collaborator of Umberto Agnelli, he led Lancia from 1977 to 1979 and later headed Zanussi and Telecom Italia from 1997 to 1999.
- He acquired the De Tomaso marque in 2009 and presented the Deauville concept at the 2011 Geneva Motor Show, but the company collapsed in 2012.
- In 2019, he and his son Gianluca were convicted of fraudulent bankruptcy and fraud against public bodies, receiving prison sentences and a €5 million compensation order.
- Beyond Fiat, he founded Prima Industrie and the components firm Innovation in Auto Industry, and he was honored as a Cavaliere del Lavoro.