Fiat Chrysler Automobiles (“FCA”) (NYSE: FCAU MTA: FCA) announced today that the Company is continuing its review of the potential separation of FCA’s subsidiary Magneti Marelli S.p.A. (“Magneti Marelli”)
The Board of Directors of the Company plans to review in detail options relating to this transaction in the second quarter of 2018, concurrent with the Board’s review of the Group’s 2018-2022 business plan. In the meantime management will continue its evaluation of potential transaction structures to maximize value to FCA stockholders.
There is no assurance that the review of the potential separation of Magneti Marelli will result in a final determination to enter into any such transaction or that such transaction, if commenced, will be completed. FCA does not intend to make any further disclosures concerning these matters until a definitive determination is made.
London, 28 February 2018