Market Chatter: Marelli Draws Interest from Stellantis, Nissan Amid Chapter 11 Filing
Stellantis and Nissan (TYO:7201) are in separate talks to acquire select Marelli assets, including its Italian suspension operations and Japanese cockpit business, as the auto-parts supplier navigates a complex Chapter 11 bankruptcy process, Bloomberg News reported on Friday.The discussions are part of broader efforts to salvage the company, though no final agreements are certain, with both potential buyers and Marelli remaining tight-lipped, the news wire said.Marelli, formed in 2019 via a private equity-backed merger, filed for bankruptcy last year due to declining client sales, tariffs, and lingering supply-chain issues inherited from the pandemic, the publication said.Stellantis and Nissan didn't immediately respond to MT Newswire's request for comment(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
