FCA Sells Magneti Marelli Parts Business for $7.1 Billion

Fiat Chrysler has agreed to sell automotive parts unit Magneti Marelli in a deal worth 6.2 billion euros ($7.1 billion). One of the first big moves made by new CEO Mike Manley, the deal frees up FCA to focus on delivering the promises it outlined in its five-year plan. Magneti Marelli makes everything from headlights and instrument […]

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