Anton Andres / Manufacturer Press | August 29, 2017 09:09
FCA considers selling off significant Alfa Romeo and Maserati shares
In a effort to focus on developing and producing more mass market cars, Fiat Chrysler Automobiles (FCA) is reportedly considering selling off Alfa Romeo and Maserati. In a report by Automotive News Europe, FCA is exploring this option in order to boost the value of the company.
At the moment, the brands under FCA are Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati and Ram. Ferrari used to be a major part of the group but the brand had become a separate investment under Exor. Since January 2016, FCA only has a small share of the Italian brand. It is possible that FCA might keep a small share of the two Italian brands should the automaker push through with this supposed plan.
It's not just Alfa Romeo and Maserati that are being considered for sale. Parts and components manufacturer Magneti Marelli may also be sold off as well. Magneti Marelli has been under Fiat's ownership since 1967. Combined, Alfa Romeo and Maserati are worth $8.3 billion while Magneti Marelli, along with other parts suppliers and manufacturers, are valued at $5.9 billion.
For the past couple of weeks, it has been reported that several Chinese automakers are keen on buying specific brands, and even a possible takeover of FCA. Since the reports first came out, Dongfeng and Geely have gone on record saying they have no plans in acquiring FCA. In a more recent development however, Great Wall appears to be keen in acquiring Jeep from FCA. Great Wall president Wang Fengying wrote in an email to the online publication that they intend to buy Jeep and plans on communicating with FCA soon.
Source: Automotive News Europe