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Rome weighs Golden Power move on Marelli

Italian government closely monitoring the automotive group following its Chapter 11 filing in the United States.

June 20, 2025 15:04

Marelli italy Mimit A meeting was held yesterday in Rome at the headquarters of the Ministry for Enterprises and Made in Italy (MIMIT) to address the financial situation facing Marelli, the automotive group that recently filed for Chapter 11 protection in the United States — a bankruptcy procedure designed to shield companies from creditors during financial or industrial restructuring.

During the session, Minister Adolfo Urso reaffirmed the strategic role of the company, stating: “At this stage, we can act on three fronts: exerting moral suasion to ensure continuity of contracts, encouraging potential industrial stakeholders to engage in the U.S. process, and, if necessary, evaluating the use of Golden Power, a tool that would allow us to safeguard the company’s operations and strategic role within the national automotive sector.”

marelli exhibition japan Founded in 2018 through the merger of Italy’s Magneti Marelli and Japan’s Calsonic Kansei, Marelli has been under the control of investment firm KKR since 2019.

On June 12, the company filed for Chapter 11 protection with the bankruptcy court in Delaware, U.S.
The decision was driven by a combination of factors, including shrinking margins due to global tariffs, a drop in orders, structural challenges within the automotive industry, and the urgent need to reduce debt, which had reached nearly $5 billion.

The restructuring agreement, approved by the court, was welcomed by nearly 80% of the company’s creditors, who would gain ownership of Marelli in exchange for debt cancellation. At the same time, the court authorized Marelli to access $519 million of a total $1.1 billion debtor-in-possession (DIP) loan, critical to maintaining liquidity throughout the process.
the Court has authorized the company to continue to pay employee wages and benefits without interruption, continue programs that are integral to customer relationships and pay suppliers in full for goods and services provided on or after the filing date of June 11, 2025.