Fca Sells Auto Parts Unit To Japanese Firm; $7 Billion Deal

MILAN (AP) — Fiat Chrysler Automobiles has announced the sale of its auto components division to Japanese automotive component supplier Calsoni Kansei Corporation in a deal valued at 6.2 billion euros ($7 billion). FCA said Monday that the Magneti Marelli sale would create the world's seventh-largest components maker with greater geographical reach, scale and financial strength, encompassing 200 facilities in Europe, Japan, the Americas and Asia Pacific.Read more on NewsOK.com

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