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Companies

Calsonic's Magneti acquisition kick-starts its self-driving ambitions

Japanese auto parts maker aims to gain upper hand in next generation vehicles

Japanese auto parts maker Calsonic Kansei boasts a high level of technical expertise, including making next-generation cockpit modules essential to autonomous driving.

TOKYO -- Japanese auto parts maker Calsonic Kansei is to buy European auto parts maker Magneti Marelli from Fiat Chrysler Automobiles for 6.2 billion euros ($7.15 billion), in an effort to gain the upper hand in the competition to develop electronic parts for next-generation automobiles developed by tech companies such as Google.

Calsonic hopes to play a key role in an industry reorganization that will extend beyond the bounds of automakers and change conventional alliances.

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