Fiat Chrysler sells Magneti Marelli unit to Calsonic Kansei in $7.1billion deal
Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros (an equivalent of $7.1 billion) to form the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed chief executive Mike Manley, who took over in July after the sudden death… Read More Fiat Chrysler sells Magneti Marelli unit to Calsonic Kansei in $7.1billion deal