General Motors Corp., in a bid to strengthen its diesel engine expertise, reaches a joint venture agreement with Penske Corp. to purchase a 50% stake in diesel engine maker VM Motori SpA. Details of the transaction are not available. Cento, Italy-based VM Motori, which once was owned 51% by Penske and 49% by DaimlerChrysler AG, has decades of engine-making experience and recently was tapped by GM to assist in the joint development of an all-new 2.9L V-6 turbodiesel, which will debut in ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.