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Italy: Fiat Powertrain buys VM Motori stake

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 It’s time to log … 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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