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Ck Holdings Latest News

  • Fiat Chrysler Automobiles (FCA) has approved the sale of its car parts corporation Magneti Marelli to Japanese firm CK Holdings. The latter is part of the Calsonic Kansei Corporation and has purchased the parts company for an amount of $6.5 billion, lower than the initial price tag due to the unit's changed financial position. FCA had agreed to sell Magneti Marelli last year to CK Holdings for $6.9 billion but the sale price had to be adjusted based on Magneti's estimated financial position as of the closing date. The combined business will operate under the entity "Magneti Marelli CK Holdings Co. Ltd." Ermanno Ferrari, CEO of Magneti Marelli, will join the Magneti Marelli CK Holdings board.
    FCA Completes Sale Of Magneti Marelli To CK Holdings For $6.5 Billion
  • The combined businesses of Calsonic Kansei and Magneti Marelli will create the world's 7th largest global independent automotive components supplier based on total revenues.
    Fiat Chrysler Sells Magneti Marelli For $7.1 Billion