Tag: KKR

By on October 22, 2018

A key goal of Fiat Chrysler Automobiles’ financial fitness regimen, started under former CEO Sergio Marchionne, has come to pass under his successor, Mike Manley.

On Monday morning, FCA announced the sale of its Italian parts unit, Magneti Marelli, to Japan’s Calsonic Kansei, itself owned by KKR & Co. The deal, worth $7.1 billion, sees the parts unit don the name Magneti Marelli CK Holdings. It’s likely very good news if you’re an FCA shareholder. (Read More…)

By on August 23, 2018

In a story that’s been developing for some time now, Fiat Chrysler is inching closer to shedding its component supplier, Magneti Marelli.

According to a report, a private equity firm is reportedly in talks with the automaker to buy the parts business. This is a shift in direction for FCA which, in the past, was seemingly focused on spinning off Magneti Marelli rather than completing an outright sale.

(Read More…)

Recent Comments

  • chicklet: I was 30 and came upon a used 5k coupe de ville in 1982, triple white and had to have it. I lived in NYC...
  • Imagefont: So all it needs is a 400kWH battery. Easy. But you might have to spend a few days at the KOA because I...
  • dwford: I was told when I sold cars that the people who paid the most were the happiest, while the people who...
  • ollicat: You guys are right. This is 125 miles under ideal conditions. Take your motorhome out west and climb from...
  • EBFlex: This is the answer to the question “How can we simultaneously build the worlds most useless vehicle,...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber