Automakers Stellantis and Nissan are reportedly in discussions to acquire certain assets from auto parts supplier Marelli Holdings, which has filed for Chapter 11 bankruptcy. Stellantis is interested in Marelli's suspensions business, while Nissan is eyeing cockpit assets.
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Stellantis, Nissan in Talks to Buy Marelli Assets Amid Bankruptcy
IN SHORT
Automakers Stellantis and Nissan are reportedly in discussions to acquire certain assets from auto parts supplier Marelli Holdings, which has filed for Chapter 11 bankruptcy. Stellantis is interested in Marelli's suspensions business, while Nissan is eyeing cockpit assets.
Frequently asked questions
Marelli filed for Chapter 11 bankruptcy to address industry-wide market pressures that created a gap in working capital and to strengthen its balance sheet by converting debt to equity.
Yes, Marelli has stated that it expects no disruption and will continue to supply its original equipment manufacturer (OEM) clients, including Nissan and Stellantis, as normal during the Chapter 11 process.
Marelli is owned by the U.S. private equity firm KKR.
Stellantis is reportedly interested in Marelli's suspensions business, while Nissan is looking at Marelli's cockpit assets.
What Happens Next
01Court approval for Marelli's motions to continue operations.
02Completion of the 45-day overbid process for Marelli's assets.
03Finalization of the restructuring plan and potential ownership transfer to DIP lenders or a new buyer.
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Stellantis, Nissan in Talks to Buy Marelli Assets Amid Bankruptcy