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.
