Nissan and Stellantis are considering separately acquiring certain core assets of Marelli, though the reports remain unconfirmed by official sources. Both companies previously held credit exposures to Marelli amounting to $454 million and $313 million, respectively. Stellantis is interested in acquiring Marelli’s suspension business operations in Italy, Poland, Brazil, and Mexico, while Nissan plans to acquire cabin-related assets in Japan. Neither party intends to acquire Marelli as a whole. If completed, these transactions could help stabilize their respective supply chains and reduce external dependencies, with acquisition costs potentially lower than those associated with onboarding new suppliers or building new in-house capacity. However, potential risks include hidden costs such as labor disputes and delays in regulatory approvals, as well as the transfer of Marelli’s bad debt risk from accounts receivable onto their own operational balance sheets. The deal remains highly uncertain at this stage.