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Fiat Chrysler to spin off parts unit; plans future sale of luxury car ops
The company is pushing to eliminate 4.2 billion euros in debt by the end of next year
Published Sun, Sep 3, 2017 · 09:50 PM
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Milan
FIAT Chrysler Automobiles NV will push ahead with separating the parts business, while the carmaker doesn't have any big deal on the table and hasn't received any approach for a combination.
"There are some activities at the component businesses which don't belong to the car business and the group must be purified from those assets," chief executive officer Sergio Marchionne told Bloomberg News in Monza, near Milan, on Saturday.
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