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  September 5, 2001
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Home > Company Index > Automotive & Transport Equipment > Auto Parts > Magneti Marelli S.p.A.

Magneti Marelli S.p.A.
 PROFILE
Magneti Marelli is calling it quits. The Italian auto parts maker has disposed of its lubricants, mechanical components, and thermal systems divisions. ThyssenKrupp Automotive has agreed to buy Magneti Marelli's chassis systems unit. The company is still seeking buyers for its powertrain systems and electronics systems divisions. Fiat decided to disolve Magneti Marelli in order to reduce debt and lessen its dependence on the automotive sector. The only two units to survive the Magneti Marelli sell-off will be the Midas Europe chain of service centers, and the company's 50% stake in Viaset, an onboard information and communications joint venture with Telecom Italia; these units will be taken over by Fiat.

 COMPETITION
Delphi Automotive Systems Corporation (DPH)
Faurecia (EO)
Robert Bosch GmbH (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,237.20
1-Yr. Sales Growth: 3.6%
Employees: 26,000
Revenue per employee: $162,969.23

 KEY PEOPLE
• Domenico Bordone
    CEO

 CONTACT INFO
Viale Aldo Borletti 61/63
Corbetta Milano, Italy
Phone: 39-02-9722-7111
Fax: 39-02-9722-7355
Online: Web Site

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