Chrysler 2015 Annual Report Download - page 49

2015 | ANNUAL REPORT 49
Components Segment
We sell components and production systems under the following brands:
Magneti Marelli. Founded in 1919 as a joint venture between Fiat and Ercole Marelli, Magneti Marelli is an international
leader in the design and production of state-of-the-art automotive systems and components. Through Magneti
Marelli, we design and manufacture automotive lighting systems, powertrain (engines and transmissions) components
and engine control units, electronic systems, suspension systems and exhaust systems, and plastic components
and modules. The Automotive Lighting business line, headquartered in Reutlingen, Germany, is dedicated to the
development, production and sale of automotive exterior lighting products for all major OEMs worldwide. The
Powertrain business line is dedicated to the production of engine and transmission components for automobiles,
motorbikes and light commercial vehicles and has a global presence due to its own research and development
centers, applied research centers and production plants. The Electronic Systems business line provides know-
how in the development and production of hardware and software in mechatronics, instrument clusters, telematics
and satellite navigation. We also provide aftermarket parts and services and operate in the motorsport business, in
particular electronic and electro-mechanical systems for championship motorsport racing, under the Magneti Marelli
brand. We believe the Magneti Marelli brand is characterized by key technologies available to its final customers
at a competitive price compared to other component manufacturers with high quality and competitive offerings,
technology and flexibility.
Magneti Marelli provides wide-ranging expertise in electronics through a process of ongoing innovation and
environmental sustainability in order to develop intelligent systems for active and passive vehicle safety, onboard
comfort and powertrain technologies. Magneti Marelli products that are intended to improve energy efficiency
(including hybrid systems, Xenon and LED lights, gasoline direct injection systems and automated manual
transmissions) contributed €2.1 billion in revenues for 2015. With 89 production facilities (including joint ventures)
and 43 research and development centers, Magneti Marelli has a presence in 18 countries and supplies all the major
OEMs across the globe. In several countries, Magneti Marelli’s activities are carried out through a number of joint
ventures with local partners with the goal of entering more easily into new markets by leveraging the partners’ local
relationships. Thirty-eight percent of Magneti Marelli’s 2015 revenue is derived from sales to the Group.
Teksid. Originating from Fiat’s 1917 acquisition of Ferriere Piemontesi, the Teksid brand was established in 1978 and
today specializes in grey and nodular iron castings production. Teksid produces iron engine blocks, cylinder heads,
engine components, transmission parts, gearboxes and suspensions. Teksid Aluminum produces aluminum engine
blocks and cylinder heads. Forty-five percent of Teksid’s 2015 revenue is derived from sales to the Group.
Comau. Founded in 1973, Comau, which originally derived its name from the acronyms of COnsorzio MAcchine
Utensili (consortium of machine tools), produces advanced manufacturing systems through an international network.
Comau operates primarily in the field of integrated automation technology, delivering advanced turnkey systems to its
customers. Through Comau, we develop and sell a wide range of industrial applications, including robotics, while we
provide support service and training to customers. Comau’s main activities include powertrain metalcutting systems,
mechanical assembly systems and testing, innovative and high performance body welding and assembly systems
and robotics. Comau’s automation technology is used in a variety of industries, including automotive and aerospace.
Comau also provides maintenance services in Latin America. Thirty percent of Comau’s 2015 revenue is derived from
sales to the Group.