Magneti Marelli was founded in 1919 as a joint-venture between Fiat and Ercole Marelli, and was named as F.I.M.M. - Fabbrica Italiana Magneti Marelli; the first plant was established in Sesto San Giovanni near Milan, Italy. The company started as a magnet and electrical equipment manufacturer.
Magneti Marelli currently deals with intelligent systems for active and passive safety of vehicles, as well as in the powertrain area.
The business lines include: Lighting (front and rear lighting systems); Powertrain (gasoline, diesel and multi-fuel engine control systems, robotized gear-box Selespeed); Electronic systems (instrument clusters, telematics systems, body computers); suspension systems (suspension passive and active systems, shock-absorbers); Exhaust systems; and Motorsport, where Magneti Marelli develops specific electronic systems for F1, Motorcycle Grand Prix and the World Rally Championship.
Magneti Marelli owned brands include Carello, AL-Automotive Lighting, Siem, Cofap, Jaeger, Solex, Veglia Borletti, Vitaloni and Weber.
Magneti Marelli is headquartered in Corbetta (province of Milan), and works with 56 plants, 9 R&D centres and 27 application centers in Italy, France, Germany, Spain, Poland (Bielsko-Biała), Czech Republic, Russia, Turkey, United States, Mexico, Brazil, Argentina, China, Malaysia, and South Africa.