Fiat Chrysler CEO Sergio Marchionne is open to the idea of entering a partnership with FCA’s in-house parts supplier, Magneti Marelli, and an outside company, The Detroit News reports.
Earlier this month Bloomberg reported FCA and Magneti Marelli were to enter a strategic partnership with Samsung. The Korean electronics manufacturer is looking to expand its business beyond consumer goods and is reportedly interested in Magneti Marelli’s ventures in lighting, in-car entertainment and telematics business.
Marchionne didn’t comment on the potential Samsung deal, rumored to be worth at least $3 billion, but the Italian-Canadian executive said he would be all for entering a partnership with Magneti Marelli and another company. He previously stated he’d be open to selling the operation entirely, but now says FCA would like to retain a minority stake.
“We would welcome the opportunity to discuss the leveraging of that know how and the access to the customer base in a way which would benefit both FCA, Marelli, and the potential partner,” Marchionne said.