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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.

Victoria Lunacek

A vehicle produced in Belvidere has topped a new list of cars with the most American content. 

Fiat Chrysler’s Jeep Cherokee came in at number one on the list created by Cars.com. The website looked at which cars were manufactured in America, had the most American parts, and support the most American factory jobs.   

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Sears Hometown Stores in Sterling, Plano and Moline will be closing during the current business quarter, the company announced over the weekend.

The websites for all three stores already are announcing “Store in liquidation” sales.

They are among “90 to 100” underperforming Sears Hometown locations remaining after 21 stores were closed in the previous quarter, President and Chief Executive Officer Will Powell said in the quarterly earnings announcement.

neindiana.com

A northern Illinois economic development group is working on what’s being called a “code of ethics” for its member communities.  They’re not alone. In this WNIJ Friday Forum, Guy Stephens looks at  codes that are being created and what they can mean to economic development.

Striking a balance between competing local interests to achieve a benefit of all long has been a mantra of regional economic development. No one involved seems to disagree. Still, it has been deemed necessary to “get it in writing.”

The East State Street Kmart in Rockford and four Sears stores elsewhere in Illinois have been targeted by Sears Holdings to close in early September.

The Kmart store on Sandy Hollow Road in Rockford closed in early April this year. A Kmart store formerly located at Riverside Boulevard and Forest Hills Road closed more than a decade ago and was replaced by a Sears Essentials store, which closed in 2011.

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