Magneti Marelli S.p.A. Overview
Company Headquarters: Italy
Founded: 1919
Workforce: ~44,000
Company Working: Magneti Marelli S.p.A. specializes in the design and manufacture of a vast range of systems and components for the automotive sector. Its business areas include automotive lighting, powertrain, electronic systems, suspensions systems, exhaust systems, aftermarket parts & services, and motorsport parts. In the electronic systems business segment, the company offers instrument clusters, displays, infotainment & navigation, and telematics. It offers automotive remote diagnostics under the telematics category along with high-speed connectivity platform. The company offers remote diagnostics to automotive OEMs across Europe, the Americas, and Asia-Pacific.
The company has 85 production facilities and 46 research and development centers (including joint ventures). It has a presence in more than 20 countries, worldwide. It primarily operates and manages through joint ventures with local partners, globally. From May 2019, Magneti Marelli S.p.A. operates as a subsidiary of CK Holdings Co., Ltd. It also operates under the name, Magneti Marelli CK Holdings Co., Ltd, whose headquarters are located in Japan. Magneti Marelli had a total revenue of nearly USD 8,857.2 million in 2018.
Strategy
Magneti Marelli S.p.A. focuses on enhancing its product portfolio to increase its share in the automotive segment. It has formed strong relationships with many large multinational companies by providing them with the ability to accelerate growth by delivering a value proposition aligned with their needs. The company is committed to developing products that are safe, easy to use, and eco-friendly for the global automotive industry. Additionally, it also targets developing countries by establishing domestic joint ventures to expand its business operations. Magneti Marelli CK Holdings, the combined business of Fiat Chrysler Automobiles N.V. and CK Holdings Co., Ltd, is expected to cut costs of the company through synergies or collaborations and expand its customer base in the global market.



