Magneti Marelli and Faurecia joint venture starts production in Brazil  [ Brazil ]

Magneti Marelli Holding S.p.A. and Faurecia S.A. announced the start of production of their joint-venture delivering interior and exterior parts for vehicles assembled at the new Fiat Chrysler Automobiles plant in Goiana (Pernambuco, Brazil). Named FMM Pernambuco Componentes Automotivos Limitada, the joint-venture is initially majority-owned by Magneti Marelli (65%), while Faurecia holds 35%. T...