This could be good news for Jeep as VM Motori build the 2.8L CRD Turbo Diesel found in Wrangler and Cherokee and the new 3.0L V6 that is coming on the new 2011 Jeep grand Cherokee.
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 ownership when the OEM acquired DDC. Penske took a 51% in 2003, then acquired the remaining 49% from DaimlerChrysler in 2007. Penske soon after sold a 50% stake to GM and retained half itself.
GM still owns 50%. Fiat Powertrain and GM have said they will jointly manage the company.
Fiat own 35% of Chrysler LLC.
Fiat own 35% of Chrysler LLC.
Lets hope this will assist in supplying more diesel engines for the US market and maybe a JK Rubicon Diesel for us.
No comments:
Post a Comment