Fiat Group, Chrysler Group's Italian parent company, has acquired the remaining half of VM Motori S.p.A. from General Motors for 34.1 million euros ($47.1 million). The acquisition, which gives Fiat ...

Fiat, after purchasing half of European diesel engine manufacturer VM Motori S.p.A. in 2010, just acquired the other half from General Motors for $47.1 million,giving Fiat complete controlof the Cento ...

Jeep was being rather bold when it tried to sell a diesel-powered Liberty in the U.S. The company would learn a lot of ...

The Penske Corp. has sold its 50 percent equity stake in an Italianmaker of diesel engines to a Russian carmaker for an undisclosed sum. Bloomfield Hills-based Penske is selling its portion of VM ...

Fiat is now the sole owner of diesel engine supplier VM Motori after it acquired a remaining 50 percent stake in the fellow Italian firm from General Motors. VM Motori supplies diesel engines for ...

TURIN -- GM Daewoo Automotive & Technology Co. plans to build turbodiesel engines in South Korea under license from Italian diesel manufacturer VM Motori. The deal will be announced Wednesday. Talks ...

MILAN (Reuters) - The Italian carmaker Fiat (MIL:F) is planning to take full control of the diesel engine manufacturer VM Motori by buying out the half of the company owned by joint venture partner ...

According to the report, the impetus to give Fiat full control of the joint venture may have been initated by GM, as a statement released by Fiat said, "GM's notification to exercise its put option to ...

Siddarth Raja July 17, 2007 Comment Now! To secure its diesel future General Motors will purchase a 50% stake in Italy’s VM Motori diesel engine plant from current owner Penske Corp. in a new 50-50 ...

DETROIT, July 16 (Reuters) - General Motors Corp. said on Monday it is buying 50 percent of Italian diesel engine maker VM Motori from Penske Corp. and will launch a new high-performance V6 diesel ...

GAZ Group, one of Russia’s largest car manufacturers owned by Magna group stakeholder Russian Machines, and General Motors have agreed on GAZ buying a 50% stake in diesel engine specialist VM Motori ...