Fiat Chrysler Chief Calls Samsung a Potential Strategic Partner
Marchionne says Magneti Marelli parts unit has several suitors Marelli to be ‘signficant platform’ for technology, CEO says #FiatChrysler Automobiles NV Chief Executive Officer Sergio Marchionne said he sees chipmaker #Samsung Electronics Co. as a possible strategic partner, amid interest from several potential buyers of the Italian-U.S. car producer’s Magneti Marelli components unit. “We have a very good relationship with Samsung, both as a supplier and as a potential strategic partner,” Marchionne said late Saturday in an interview with Bloomberg Television in Rome. “I happen to have a good relationship” with Samsung Electronics Vice Chairman Lee Jae Yong because both serve on the board of Exor SpA, the biggest shareholder in Fiat Chrysler. Samsung is in advanced talks to buy some or all of Marelli, people familiar with the matter said earlier this month. The South Korean manufacturer is particularly interested in Marelli’s lighting, in-car entertainment and telematics business, the people said, asking not to be identified because the discussions are private. Marchionne, who declined in the interview to comment on whether Samsung is a suitor, will have the chance to meet Lee on Monday, when the Exor board is scheduled to review the investment company’s second-quarter earnings.