#MAGNETIMARELLI

Mobility

BMW, Marelli Expand Blockchain Parts Management

Deploying blockchain throughout the automotive supply chain process promises to improve parts and transaction tracking, transparency and adherence to standards.

The Age of Restructuring

As technology disruption drastically changes the automotive landscape over the course of the next decade, nearly all automotive-related businesses will face major restructuring.

Electronics

Calsonic, Magneti Marelli Merger Yields New Name

Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.

Business

FCA Finalizes Magneti Marelli Sale

Fiat Chrysler Automobiles NV has completed the sale of its Magneti Marelli SpA parts affiliate to CK Holdings Co.

FCA’s CFO to Join Board of Directors

Fiat Chrysler Automobiles NV has named Richard Palmer, the company’s chief financial officer, to become one of three executive members of its board of directors.

Production

Magneti Marelli Expands U.S. Headquarters

Magneti Marelli SpA plans a $13 million expansion for its North American headquarters that will add more than 100 employees.

Automation/Robotics

FCA Ponders Sale of Comau Robotic Unit

Fiat Chrysler Automobiles NV is studying a plan to sell its Comau automation and robotics business for as much as €2 billion ($2.3 billion), sources tell Bloomberg News.

Electronics

Innoviz Lidar Wins CES “Best of Innovation” Award

Israel’s Innoviz Technologies Inc.’s solid-state lidar system was selected as the “Best of Innovation” winner in the Vehicle Intelligence and Self-Driving Technology category by the organizers of the CES electronics show.

Diesel

FCA’s Net Profit Slides 38% on U.S. Diesel Problems

Fiat Chrysler Automobiles NV hiked third-quarter unit sales and net revenue, but a special charge to cover possible fines over U.S. diesel emissions caused a 38% drop in net profit.

Business

FCA Sells Magneti Marelli to Calsonic Kansei

Fiat Chrysler Automobiles NV has struck a deal to sell its Magneti Marelli partsmaking business to Japan’s Calsonic Kansei Corp.

Business

FCA Nears Deal to Sell Magneti Marelli

Fiat Chrysler Automobiles NV reportedly is close to a deal to sell its Magneti Marelli partsmaking unit to Japan’s Calsonic Kansei Corp.

FCA Shuffles Executive Team

Fiat Chrysler Automobiles NV’s new CEO Mike Manley named his revamped management team today..

FCA to Name Gorlier as Head of European Operations?

Fiat Chrysler Automobiles NV is close to naming Pietro Gorlier to head its operations in Europe, sources tell Bloomberg News.

Business

Calsonic Lines Up $5.9 Billion Bid for Magneti Marelli

Japanese parts supplier Calsonic Kansei has arranged about €5 billion ($5.9 billion) in bank funding for its bid to acquire Fiat Chrysler Automobile’s Magneti Marelli parts affiliate, sources tell Reuters.

Business

Report: FCA Ponders Other Buyers for Magneti Marelli

Fiat Chrysler Automobiles NV is considering other possible buyers for its Magneti Marelli partsmaking unit after KKR & Co. offered less than the €6 billion ($7 billion) minimum FCA sought.

Business

Report: Magneti Marelli Sale Talks Stalled over Price

Fiat Chrysler Automobiles NV is asking for more than €6 billion ($7 billion) for its Magneti Marelli car parts business from would-be buyer KKR & Co., sources tell Bloomberg News.

Business

Report: KKR in Talks to Buy Magneti Marelli

New York City-based private equity firm KKR & Co. is in talks to buy Magneti Marelli, Fiat Chrysler Automobile NV’s partsmaking subsidiary, sources tell Bloomberg News.

Autonomous Vehicles

Magneti Marelli Buys Sensor Processing Firm

Magneti Marelli SpA has agreed to buy SmartMeUp, a French start-up that specializes in “perception software” for autonomous vehicles and smart cities.

Business

FCA Readies Magneti Marelli for Spinoff

Fiat Chrysler Automobiles NV has set up an Italian company called MM Srl to prepare its Magneti Marelli parts unit to be spun off as a Netherlands-registered company.

Business

OldCo. and NewCo.: Which Are You?

Traditional auto suppliers should start developing their strategy today or run the risk of quickly running out of options.

Hybrid

Alfa Romeo Plans Giulia Coupe with Hybrid Option

Fiat Chrysler Automobiles NV’s Alfa Romeo unit is developing a coupe version of its Giulia sedan that will include a hybrid variant with a Formula One-style kinetic energy recovery system (KERS). 

Business

FCA Affirms Plans to Spin Off Magneti Marelli

Fiat Chrysler Automobiles NV says it has authorized management to develop and implement a plan to divest its Magneti Marelli parts business by early next year.

Business

FCA Plans “Detailed” Analysis of Magneti Marelli Spinoff

Fiat Chrysler Automobiles NV says it will conduct a detailed review in April-June of the merits of spinning off its Magneti Marelli partsmaking unit.

Business

FCA In Partnership Talks with Hyundai

Fiat Chrysler Automobiles NV says it is in talks with Hyundai Motor Co. about forming a non-equity technology alliance.