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Fiat Chrysler Says Will Spin Off Car-Part Unit, No Big Deal on Table

  • Marchionne says he hasn’t had offer or approach for carmaker
  • Component unit to be separated, Alfa and Maserati "immature"
A row of Fiat Chrysler Automobiles.

A row of Fiat Chrysler Automobiles.

Photographer: Daniel Acker/Bloomberg

Fiat Chrysler Automobiles NV will push ahead with separating the parts business, while the carmaker doesn’t have any big deal on the table and hasn’t received any approach for a combination.

"There are some activities at the component businesses which don’t belong to the car business and the group must be purified from those assets," Chief Executive Officer Sergio Marchionne told Bloomberg News in Monza, near Milan, on Saturday. Marchionne, who is also CEO of Ferrari NV, attended the Formula One qualifying session for the Italian Grand Prix. He also said he hadn’t received any approach or offer for Fiat Chrysler.