What Happened
Automakers Discuss Rescue Deal For Japanese Auto Parts Supplier
Automakers Stellantis and Nissan are in discussions to take over certain assets of Japanese auto parts supplier Marelli Holdings, according to a report by Bloomberg News. Stellantis is looking to acquire Marelli’s suspensions business in Italy and other countries, while Nissan is eyeing the supplier’s cockpit assets in Japan. The talks are part of broader negotiations aimed at saving Marelli, which filed for Chapter 11 bankruptcy protection in June. This development was reported by Reuters.