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 ...

VM Motori announced it is developing a hydrogen combustion version of its 2.2 L, three-cylinder inline engine. Based on the R753 diesel model, the company said the H2-ICE version marks a new chapter ...

Fiat, through its Powertrain division, has been given EU approval to buy the 50% stake in Italian diesel engine manufacturer VM Motori currently owned by the Penske Corp. General Motors retains ...

The paper’s sources were an official from the Nizhny Novgorod government and a representative of a company working with GAZ. VM Motori is a joint venture between US-based companies General Motors (GM) ...

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 ...

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 ...

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 ...

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 now has its very own diesel engine division, in the form of freshly acquired company VM Motori. Up until this point of complete acquisition, the Italian engine builder was already half-owned by ...

Last month, we reported of General Motors' divestiture of its half of the VM Motori diesel engine manufacturing partnership with Fiat in Cento, Italy. The two companies entered into a joint ownership ...