Media Reports Fiat Chrysler Discussing Magneti Marelli Sale to KKR; EUR 25 FVE Unchanged
No-moat-rated Fiat Chrysler may be in discussions with KKR to sell its Magneti Marelli parts business according to a report in The Wall Street Journal. Automotive News picked up the story but also reported that a company spokesperson said that, "FCA is pursuing a plan to separate the Magneti Marelli business ... it will evaluate bona fide proposals for alternative transactions that may be in the best interest of the Company." In our view, the company statement does not preclude the possibility t...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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