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Auto parts maker Marelli suspends Italian plant closure, to seek potential buyers, ET Auto

Owned by private equity firm KKR, Marelli announced last month its intention to close down the facility, which produces components for internal combustion engines, arguing the business had become unsustainable due to the transition to electric mobility. The planned closure had intensified fears that the switch to electric cars could have a significant impact on the thousands of jobs in Italy s automotive supply sector.

Italy
Italian
Amarelli
Auto-component-maker
Auto-component-industry
Auto-parts
Bkr
Electric-mobility
Internal-combustion-engines

Marelli suspends Italian plant closure, will seek potential buyers

Car parts maker Marelli has paused the process of closing its Crevalcore plant in Italy, saying on Tuesday it had mandated an adviser to seek potential buyers for the site which employs around 230 people.

Crevalcore
Emilia-romagna
Italy
Gianluca-ficco
Amarelli
Italian
Kkr
Uilm
Reaking-news
Eneral
Politics

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