Automotive Industry
Industry: Email Alert RSS FeedCEO: Marelli is 'no longer for sale'.(Suppliers)(Magneti Marelli)
Automotive News Europe, January, 2003 by Cifferi, Luca
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Byline: Luca Ciferri Automotive News Europe
While Fiat SpA struggles with Fiat Auto, the group's components subsidiary, Magneti Marelli, is putting together its own survival strategy.
Fiat recently took Magneti Marelli off the market after failing to sell the company. Some observers still expect it to be spun off. But Marelli CEO Dominico Bordone said in an interview: "We are no longer for sale."
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Fiat group put the parts business up for sale in late 2000. Only the instrument panel, air conditioning and aftermarket units were sold. In November, Fiat decided to ...
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