In a story that’s been developing for some time now, Fiat Chrysler is inching closer to shedding its component supplier, Magneti Marelli.
According to a report, a private equity firm is reportedly in talks with the automaker to buy the parts business. This is a shift in direction for FCA which, in the past, was seemingly focused on spinning off Magneti Marelli rather than completing an outright sale.
Not long after promising to build new spare parts for the GT-R as part of its NISMO heritage program, the company threw a big bash at the Fuji Speedway circuit in its honor. More than 150 of its cousins showed up.
This is the 20th year for the NISMO Festival, which showcases the Nissan GT-R and the NISMO brand. It’s as if someone sprinkled fairy dust on an old Gran Turismo game and it sprang to life.
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