Fiat Chrysler sells Magneti Marelli for $7.1B

Magneti MarelliFiat-Chrysler Automobiles officially has a buyer for its Magneti Marelli supplier division in Japan’s Calsonic Kansei, itself owned by U.S.-based private equity firm KKR. FCA will unload the parts division for a reported $7.1 billion, according to a Sunday Reuters report. With KKR acquiring the business, Magneti Marelli and Calsonic Kansei will…

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