FCA stock jumps 8.9% on report of Samsung interest in Magneti Marelli  [ USA ]

An August 3 report that Samsung is interested in acquiring part or all of supplier Magneti Marelli has Fiat Chrysler’s stock up 8.9% in afternoon trading on the New York Stock Exchange. The deal would provide an entry for Samsung into the lucrative segment of vehicle electronics and infotainment and allow Fiat Chrysler to pay down debt. The news helped boost Fiat Chrysler shares which had...
<Aug 03, 2016>