Marchionne: Magneti Marelli crucial for FCA

CEO Sergio Marchionne has denied the press rumors that were circulating at the weekend about possible news for the Magneti Marelli negotiations between the FCA and Samsung. The rumors that leaked out indicated that the vice president of Samsung Electronics Lee Jae Yong, would be moved to Europe to participate in the appointments to the Board of Directors of Exor, of which he is director.

However Marchionne has wanted to clarify that "We never put on sale Magneti Marelli. In the medium and long term, probably in the long term, the future of Marelli will be elsewhere. In the meantime, until we get to that point, the importance of Marelli for FCA is essential, it gives the technological basis for the development of the car that we would not otherwise. we must keep it close in an intelligent way. "

Meanwhile, at the Milan Stock Exchange, the title of Fiat Chrysler Automobiles yields 1.38%