Strategic alliances continue to be the order of the day in the auto-components industry. For example, Italy's Fiat SpA is assuming a particularly strong position on both sides of the Atlantic Ocean. Following the recent strategic alliance between Magneti ...
Strategic alliances continue to be the order of the day in the auto-components industry. For example, Italy's Fiat SpA is assuming a particularly strong position on both sides of the Atlantic Ocean. Following the recent strategic alliance between Magneti Marelli, its components subsidiary, and Midas, the Chicago-based car-repair and service group, the Italian automobile giant is merging its foundry activities with those of France's Regie Nationale des Usines Renault SA. The deal creates a world leader in components, with estimated sales of $2 billion. It also strengthens ties between Fiat and Renault, which recently joined their bus-manufacturing operations.