elkann

John Elkann is on a mission. The fifth-generation owner and manager of one of the biggest industrial groups in the world wants capitalism to change. With his boyish face, soft voice, reserved – even diffident – style he might make an unlikely evangelist, but he is deadly serious.

Turin and Wolfsburg might not have much in common at first glance, writes David Bain.
 
For one thing, Wolfsburg is in Germany and has a population of just over 100,000, whereas Turin is in Italy with nearly one million inhabitants. It's probably also fair to say that the temperament of each other's citizens might have little in common.  
 
But there is one thing that unites both of these towns – car making.
 

Fiat, the Italy-based conglomerate controlled by the Agnelli family, gained approval form its shareholders on 16 September to split its industrial business from the car manufacturing unit to create two separate companies.
 
Fiat will comprise the group's car brands including Fiat, Ferrari and Maserati, while Fiat Industrials is to be made up of the company's Iveco trucks unit, which makes farm and construction equipment.
 

Italy's Agnelli family, owner of automobile giant Fiat, confirmed yesterday that fourth-generation family member Andrea Agnelli will become the president of Italian football club Juventus in the summer.