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Samsung acquired Fiat auto parts

According to people familiar with the matter, Samsung is considering the acquisition of Fiat's spare parts manufacturer Marelli, the current negotiations have entered the late stage.


"Samsung is particularly interested in Marelli's lighting, in-car entertainment and telematics business, and may consider buying the entire company, which may exceed $ 3 billion, with the goal of completing the deal this year," he said.


Fiat Chrysler declined to comment on foreign media reports; Samsung Electronics spokesman said the company did not comment on rumors or speculation.


In view of the slowdown in current business sales such as smart phones, Samsung Electronics and Samsung's other technology companies as auto parts for the new growth engine.


In July this year, BYD A shares by 14.5 billion yuan, Samsung invested 3 billion yuan accounted for the diluted total share capital 1.92%. BYD said that the two sides in the future of electric vehicle parts and components will be strategic cooperation, the two sides will jointly grasp the global rapid development of electric vehicles a huge opportunity to promote the two sides of the continuous development of electric vehicle-related business.


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