Stellantis and Nissan Motor are in talks to take over some of the assets of Marelli Holdings, the global auto-parts maker that¡¯s mired in a challenging reorganization in bankruptcy.
Stellantis is in discussions for Marelli¡¯s suspensions business in Italy and some other countries, according to people familiar with the negotiations, asking not to be identified discussing nonpublic information. Nissan is looking at cockpit assets from the supplier in Japan, the people said.
Marelli, created in 2019 through the private equity-backed combination of Italian and Japanese auto suppliers, is going through a complex and lengthy restructuring process after filing for Chapter 11 bankruptcy one year ago. The talks on specific assets are part of broader negotiations to try to save the auto-parts supplier, the people said. There is no certainty the deals will be struck, the people added.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.