Private equity firm KKR & Co. is in talks to acquire Fiat Chrysler Automobiles’ car-parts business Magneti Marelli to add to its portfolio of automotive companies, according to people familiar with the matter.
Private equity firm KKR & Co. is in talks to acquire Fiat Chrysler Automobiles’ car-parts business Magneti Marelli to add to its portfolio of automotive companies, according to people familiar with the matter.
The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.