TURIN, Italy – Fiat Auto SpA plans to capitalize on one of its crucial advantages in the European auto industry: powertrain development. When General Motors Corp. and Fiat signed their equity alliance in March 2000, one of the main pillars of the deal was providing GM access to Fiat's diesel-engine technology. The agreement specifically called for formation of a joint venture company dubbed GM-Fiat Powertrain, with the sole purpose of providing diesel engines and transmissions to both ...

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