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Author Topic: Fiat in talks with Samsung to sell Magneti Marelli  (Read 1351 times)

Offline ohiorider

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Fiat in talks with Samsung to sell Magneti Marelli
« on: August 03, 2016, 04:07:01 PM »
   
I found this interesting.

Shares of Fiat Chrysler's stock jumped Wednesday after a Bloomberg report that the automaker is in talks to sell one of its components divisions to Samsung Electronics. The company is said to be weighing a potential sale of supplier Magneti Marelli in a deal that would provide entry for Samsung into the lucrative world of vehicle electronics and infotainment.

Copied/Pasted (from Yahoo)
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Offline Muzz

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Re: Fiat in talks with Samsung to sell Magneti Marelli
« Reply #1 on: August 03, 2016, 04:14:23 PM »
Well, Samsung chips have a good name. Probably it would be a positive move. Can't complain about the injection system on the Breva though.
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Offline ITSec

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Re: Fiat in talks with Samsung to sell Magneti Marelli
« Reply #2 on: August 03, 2016, 07:55:56 PM »
I would not worry about having Samsung electronics in my vehicle, at least not more than Bosch, Delphi et al...
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Offline LeRoy

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Re: Fiat in talks with Samsung to sell Magneti Marelli
« Reply #3 on: August 03, 2016, 08:53:23 PM »
And Lord knows, FCA could use the money considering how fast they are burning through capital and their high debt level. That's probably what the stock jump is all about.
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