KKR’s Calsonic purchases parts firm Magneti Marelli for $7.1 billion

magneti marelli

Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has is set to purchase Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to establish the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed CEO Mike Manley, who took over in July following the sudden death of long-time CEO […]

Fiat Chrysler CEO says there are no plans to sell brands to Chinese

CEO Sergio Marchionne

Fiat Chrysler Automobiles (FCA) has no intention of separating the company or selling individual brands China or others, the company’s CEO stated on Monday, including that the group was depending on its desired Jeep brand to drive future revenues. “We’re not going to separate anything,” CEO Sergio Marchionne stated at a news conference at the […]

Fiat Chrysler CEO is talking to Hyundai about tech partnership

CEO Sergio Marchionne

Fiat Chrysler Automobiles (FCA) is talking with South Korea’s Hyundai about a technical partnership, though there are no merger talks between the two, FCA CEO Sergio Marchionne stated on Saturday. FCA is frequently the subject of merger speculation, particularly after its unsuccessful 2015 attempt to consolidate larger U.S. competitor General Motors. Its share price leapt […]

Fiat Chrysler Autos pushes up its full-year revenue projection for the 2nd time this year

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles (FCA) has pushed up its full-year revenue projection for the 2nd time this year after strong need for Jeep SUVs enhanced quarterly revenues and margins improved in the United States and Canada. Reporting third-quarter outcomes on Tuesday, CEO Sergio Marchionne stated he was likewise positive about minimizing net financial obligation to below […]

Fiat Chrysler in talks with Samsung and others about Magneti Marelli

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Vehicles remains in talks with a number of parties, such as South Korea’s Samsung Electronic devices Co Ltd, about the future of its components company Magneti Marelli, the carmaker’s chairman John Elkann stated. “There are ongoing talks, but absolutely nothing formal,” Elkann stated on Saturday during a conference of investors in his family’s […]