CK Holdings

Fiat Chrysler Automobiles has agreed to sell its automotive components business Magneti Marelli to CK Holdings, the holding company of Calsonic Kansei, for EUR 6.2 billion, creating the 7th largest global independent automotive components supplier.

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.