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February 13, 2016 12:41 PM ET

Auto Components

Company Overview of Magneti Marelli S.p.A.

Company Overview

Magneti Marelli S.p.A. designs and manufactures systems and components for the automotive sector. It offers front and rear lighting systems, body electronics, and headlamp systems; and powertrain systems, such as gasoline direct injection/port fuel injection systems, diesel engines, HEV-BEV systems, robotized gearboxes, motorbike engine systems, and multi-fuel engines. The company also offers instrument panels and displays, as well as satellite navigation and infotainment, connectivity, and telematics systems; and suspension systems and shock absorbers. In addition, it offers exhaust systems, such as selective catalytic reduction converters, NOx storage converters, particulate filter convert...

Viale Aldo Borletti, 61/63

Corbetta, MI 20011

Italy

Founded in 1919

Phone:

39 02 97 22 71 11

Fax:

39 02 97 22 73 55

Key Executives for Magneti Marelli S.p.A.

Chief Executive Officer
Age: 52
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer and Chief Executive Officer of Infotainment & Telematics
Chief Executive Officer of Suspension Systems and Chief Executive Officer of Plastic Components & Modules
Compensation as of Fiscal Year 2015.

Magneti Marelli S.p.A. Key Developments

Magneti Marelli Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Magneti Marelli announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net revenues were EUR 1,868 million against EUR 1,592 million a year ago, reflecting positive performance in the lighting, electronic systems and powertrain businesses. Adjusted EBIT was EUR 76 million against EUR 55 million a year ago primarily related to higher volumes and the benefit of cost containment actions and efficiencies, partially offset by start-up costs related to the Pernambuco plant. For the six months, net revenues were EUR 3,675 million against EUR 3,166 million a year ago. Adjusted EBIT was EUR 132 million against EUR 98 million a year ago.

Fiat Chrysler Does Not Plan To Sell Magneti Marelli

Fiat Chrysler Automobiles N.V. (BIT:FCA) does not plans to divest Magneti Marelli S.p.A. Fiat Chrysler’s Chief Executive Officer, Sergio Marchionne stated that there are "no immediate plans" to divest Magneti Marelli, there may be plans "in future".

Fiat Chrysler Considers Sale Of Magneti Marelli

Fiat Chrysler Automobiles N.V. (BIT:FCA) is exploring $3.3 billion sale of auto parts unit Magneti Marelli S.p.A. The company is considering whether to sell its auto parts maker after receiving interest from potential buyers, according to sources familiar with the matter. At least two U.S. private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources told Reuters.

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