Deals
Fiat Chrysler Chief Calls Samsung a Potential Strategic Partner
- Marchionne says Magneti Marelli parts unit has several suitors
- Marelli to be ‘signficant platform’ for technology, CEO says
Fiat Chrysler CEO on Samsung as a Potential Partner
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Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne said he sees chipmaker Samsung Electronics Co. as a possible strategic partner, amid interest from several potential buyers of the Italian-U.S. car producer’s Magneti Marelli components unit.
“We have a very good relationship with Samsung, both as a supplier and as a potential strategic partner,” Marchionne said late Saturday in an with Bloomberg Television in Rome. “I happen to have a good relationship” with Samsung Electronics Vice Chairman Lee Jae Yong because both serve on the board of Exor SpA, the biggest shareholder in Fiat Chrysler.