Fiat Chrysler to press on with Magneti Marelli separation in 2018

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler will push ahead with a strategy to separate auto parts unit Magneti Marelli in 2018, CEO Sergio Marchionne stated on Monday, including that spinning off and listing the unit would be the best choice to unlock worth.

Talking about the sidelines of an event in Rovereto, in northern Italy, Marchionne restated that it was early to spin off Alfa Romeo and Maserati brands.

He stated the project may not even happen during the next company strategy, which will range from 2018 to 2022 and whose information will be revealed early next year.

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