A newswire is claiming a source has told it that FCA is in negotiations with Samsung Electronics for the sale of part or all of Magneti Marelli.

According to Bloomberg, "Samsung is particularly interested in Magneti Marelli's lighting, in-car entertainment and telematics business and could consider an acquisition of the whole company, the people said, asking not to be identified as the discussions are private".

Magneti Marelli, Comau and Teksid together form the components division of what had been Fiat Group prior to its takeover of Chrysler. FCA is understood to be looking at gaining as much as EUR3bn from a potential sale of Marelli. Its most recent cash raising activity was spinning off Ferrari.

As for Samsung, apart from a Chinese division having recently bought a minority holding in BYD Auto, the group's main automotive related activity since setting up Samsung Motor in the 1990s has been its expertise in battery cell production for EVs and PHEVs.

Neither Fiat Chrysler nor Samsung have commented on Bloomberg's report.