Fiat Chrysler sells Magneti Marelli for $7.1B

High Gear Media Network Feed Sean Szymkowski

Magneti MarelliFiat-Chrysler Automobiles officially has a buyer for its Magneti Marelli supplier division in Japan's Calsonic Kansei, itself owned by U.S.-based private equity firm KKR. FCA will unload the parts division for a reported $7.1 billion, according to a Sunday Reuters report. With KKR acquiring the business, Magneti Marelli and Calsonic Kansei will...

Subscribe to our mailing list

* indicates required

Leave a Reply

Your email address will not be published. Required fields are marked *