Annual Report 2018
I would like to start this year’s letter by remembering Sergio Marchionne who sadly left us far too early last summer.
Sergio was an incredible man and an extraordinary leader. He first crossed our path in 2001 when he was appointed as a board member and then CEO of SGS, which was then one of our companies. But it was when he agreed to become CEO of FIAT in 2004 – after a long dinner and a couple of “grappas” – that he became an integral part of all our lives and of mine in particular.
| US$ million | 12/31/2018 | 12/31/2017 | Change vs 12/31/2017 | |
|---|---|---|---|---|
| Investments | 26,323 | 22,138 | (1,815) | -8.2% |
| Other assets | 437 | 286 | 151 | +52.8% |
| Gross Asset Value | 20,760 | 22,424 | (1,664) | -7.4% |
| Gross Debt | (3,522) | (3,269) | (253) | +7.7% |
| Net Asset Value (NAV) | 17,238 | 19,155 | (1,917) | -10.0% |