FCA Sells Magneti Marelli to Parts Supplier
Fiat Chrysler Automobiles N.V. has sold its Magneti Marelli parts unit to KKR & Co.'s Calsonic Kansei in a transaction valued at 6.2 billion euros ($7.1 billion). The transaction, which was announced Oct. 22, will create a top-10 global independent automotive parts supplier.
FCA has sold its Italy-based parts unit, Magneti Marelli, to Calsonic Kansei.
Photo courtesy of FCA.
Fiat Chrysler Automobiles N.V. has sold its Magneti Marelli parts unit to KKR & Co.'s Calsonic Kansei in a transaction valued at 6.2 billion euros ($7.1 billion). The transaction, which was announced Oct. 22, will create a top-10 global independent automotive parts supplier.
The new entity, Japan-based Magneti Marelli CK Holdings, has entered into a multiple-year agreement to provide parts to FCA. Magneti Marelli's operations in the Corbetta section of Milan, Italy will remain in place with its current "industrial footprint and employment levels," according to FCA.
Beda Bolzenius, the current chief executive of Calsonic Kansei, will lead the combined entity. Ermanno Ferrari, Magneti Marelli's chief executive, will join the board of the new entity.
The sale represents the first M&A activity by Mike Manley, who was named FCA's chief executive in July following the death of Sergio Marchionne.
Calsonic Kansei manufactures thermal products, exhaust systems, interiors, and electronics. The company has also sponsored Formula 1 racing. Magneti Marelli parts are sold under the Mopar brand.
More Maintenance
Fleet Manager’s Ultimate Playbook: Navigating the New Standard in OEM Connectivity
Rising operating costs, driver safety concerns, and unplanned downtime are putting unprecedented pressure on modern fleets. Discover how fleet managers use embedded OEM connectivity and real-time vehicle data to cut TCO, prevent downtime, and protect drivers without aftermarket telematics hardware.
Read More →
How Can Fleet Managers Tell Which Repairs Require Closer Review?
Fleetio’s Brianna Perry demonstrates how Service Advisor evaluates maintenance requests, identifies pricing anomalies, and provides the context fleet managers need to focus their attention on potential problems.
Read More →
Why Roadside Assistance Belongs in a Fleet Risk Strategy
Roadside assistance is more than a tow. See how the right partner can protect drivers, uncover fleet trends, and strengthen your risk strategy.
Read More →
Hidden in Plain Sight: Fleet Compliance Risks
Fleet compliance isn't just about having policies — it's about consistently enforcing them. This practical guide reveals six hidden compliance risks common in public sector and shared fleet operations and outlines proven strategies to improve visibility, accountability, and audit readiness
Read More →
How Maintenance Costs Compare Across 27 Fleet Vehicles
Vincentric’s three-year, 60,000-mile projections reveal wide differences for both scheduled and unscheduled maintenance among selected vehicle categories. Projected maintenance visits also play a factor.
Read More →
The EV Breakdown Nobody's Talking About: Why Most Electric Vehicle Roadside Calls Aren't Mechanical Failures
Here's why EV breakdowns are widely misunderstood.
Read More →
How Stellantis Plans to Get Ahead of Fleet Downtime
Keeping fleet vehicles on the road has become as important as buying them. Darren Bradshaw of Mopar North America explains how connected vehicle data, AI, and proactive service strategies are helping Stellantis reduce downtime and move closer to predictive maintenance.
Read More →
Merchants Fleet Expands Maintenance Network with Pep Boys
Merchants Fleet has expanded its relationship with Pep Boys, increasing the service provider's role within its national maintenance network. The move is intended to enhance maintenance coordination and support commercial fleets through Pep Boys' nationwide footprint.
Read More →
The Two Biggest Summer Downtime Threats for Fleets
A conversation with a maintenance expert reveals the two most common summer maintenance pains and how to prevent them.
Read More →
From Marine Corps Motor Pool to Managing 460 Fleet Vehicles
Cesar Ayala of O’Connell Landscape Maintenance shares how he transitioned from the Marine Corps to managing a 460-vehicle fleet—and the real-world challenges of maintenance, compliance, and driver management in California.
Read More →