Fiat Powertrain has acquired a 50% stake in Italian diesel engine specialist VM Motori from Penske Corp. Financial details of the transaction were not revealed. The acquisition will help expand Fiat’s diesel line-up. VM Motori was purchased by Detroit Diesel Corporation (DDC) in 1995. Five years later it fell under DaimlerChrysler Subscribe to Automotive World … Continued
Fiat Powertrain has acquired a 50% stake in Italian diesel engine specialist VM Motori from Penske Corp. Financial details of the transaction were not revealed. The acquisition will help expand Fiat’s diesel line-up.
VM Motori was purchased by Detroit Diesel Corporation (DDC) in 1995. Five years later it fell under DaimlerChrysler
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https://www.automotiveworld.com/articles/85872-italy-fiat-powertrain-buys-vm-motori-stake/
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