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Fiat Chrysler Automobiles agreed to sell its automotive components business Magneti Marelli to CK Holdings, a holding company of Japanese supplier Calsonic Kansei, for EUR 6.2 billion ($7.124 billion). The combined entity will become the world's 7th largest automotive components supplier.
“Fiat Chrysler Automobiles N.V. (FCA) has entered into a definitive agreement to sell its automotive components business Magneti Marelli S.p.A. to CK Holdings Co., Ltd.”cdrinfo.com
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