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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

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"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." - CEO Sergio Marchionne.

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

sentifi.com

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