Marchionne Puts Down Roots In the Detroit Area With $3.9 Million Home Purchase

Chrysler and Fiat CEO Sergio Marchionne has purchased a custom-built home in northern Oakland County for $3.9 million after two years of condo living in downtown Birmingham, according to people familiar with the transaction.

The purchase reflects Marchionne's expanding presence in metro Detroit, where he already serves as chairman of the United Way for Southeastern Michigan and suggests that he plans to spend more time in the U.S.

 

dlin - 2/24/2012 3:16:43 PM

+5 Boost

3.9 million? He must've bought the whole block.

Monopoly - 2/26/2012 3:52:42 PM

+2 Boost

First Marchionne resuscitated the Chrysler Group back from the dead, later promotes Ralph Giles to President/CEO of the SRT Brand and now he's spending $3.90 million to buy real estate in one of the worst cities/towns in America? What moxie! No matter what one may feel about Chrysler/Fiat automobiles, you gotta love this guy's fortitude and enthusiasm.