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Selling Magneti?

by David Zatz on

Reuters reported that several companies have approached FCA to buy Magneti Marelli, an auto parts division created in the last century as a joint venture and later taken over by Fiat.

Magneti-Marelli-FSBO-Web

Mr. Marchionne was asked about rumors swirling around the sale of the business to Samsung, while at the Sterling Heights stamping plant today. Current rumor has just the telematics portion of the business going to Samsung. Mr Marchionne did not comment on Samsung specifically, but the sale would both extend Samsung’s trade firmly into automotive and provide much-needed cash to launch new FCA products.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


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