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FCA completes sale of Magneti Marelli for $6.5 billion

Magneti Marelli Rtrs web.jpg
(Thomas White/REUTERS)
GP
By:
GIULIO PIOVACCARI
R
By:
Reuters
|
May 02, 2019 02:57 PM

MILAN -- Fiat Chrysler Automobiles has completed the sale of car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit's changed financial position.

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