Magneti Marelli Net worth 2024 (estimated)
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Magneti Marelli facts
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- [maɲˈɲɛti maˈrɛlli] develops and manufactures high-tech components for the automotive industry
- A subsidiary of Fiat (now FCA Italy) since 1967, Magnetti Marelli is headquartered in Corbetta, Italy and includes 85 manufacturing plants, 12 R&D centres and 26 application centers in 19 countries — with 38,000 employees and a turnover of 23 billion euro in 2013
- Subsidiaries and brands of the company include AL-Automotive Lighting, Carello, Cromodora, Cofap, Ergom Automotive, Jaeger, Mako Elektrik, Paraflu, Securvia, Seima, Siem SpA, Solex, Veglia Borletti, Vitaloni, Weber
- Founded in 1919 — as Fabbrica Italiana Magneti Marelli (FIMM), a joint-venture between Fiat and Ercole Marelli (1891-1993), an Italian electrical manufacturing company — Magneti Marelli initially manufactured magnetos for the automotive and aviation industries, with its first plant in Sesto San Giovanni near Milan
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