Fiat concludes the acquisition of Vm Motori. This was communicated by Lingotto, specifying that it had bought the 50% stake held in VM Motori by General Motors for 34,1 million euros. The Fiat group, which had already acquired 2010% of Vm Motori in 50, "now controls 100%". The purchase, adds the company, "was completed following GM's exercise of a put option, after several years of positive collaboration".
Vm Motori, explains Fiat, is a company founded in 1947 and specialized in the production of high-tech diesel engines. In its plant in Cento (Ferrara) it employs around 1.150 people. Overall, VM builds around 90 engines a year and its customers include Jeep, Chrysler, Lancia and Lti (London Taxi).
Maserati too “has recently adopted a VM engine to launch a diesel engine for the first time in its history, the most powerful in its category in the world. Furthermore, numerous and important – concludes Lingotto – are the customers who use VM engines in the most diverse sectors of use, in the industrial, agricultural or marine fields, where the engines use many of the technologies developed for the automotive sector”.
