Fiat dump Magneti Marelli

Fiat-Chrysler is going to sell the manufacturer of automotive electrics and electronics Magneti Marelli.

Magneti Marelli — a company that was founded almost a century ago, and it is composed of all kinds of electrical and electronic systems, and it is their energy recovery system used by several teams, «Formula 1». Now Magneti Marelli belongs to concern Fiat-Chrysler, but they decided to get rid of it.


According to agency Reuters, the government has already received offers to purchase the company. The most advantageous offer is made by American investors — 2.5 billion euros, but the Fiat-Chrysler plans to raise at least 3 billion euros. The fact that the company needed the money to pay off existing debts and the implementation of all plans for the production of cars.

While a final decision on the sale of Magneti Marelli is not accepted, even several times manual Fiat-Chrysler denies this information.

Last year, the profit of Magneti Marelli has made more than $ 200 million.

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