Fiat is now the proud owner of VM Motori after acquiring the remaining 50 percent of the diesel engine maker from General Motors for $47.1 million.
The first half of VM Motori was purchased by Fiat in 2010, with GM exercising a put option to purchase the remaining half. VM Motori now supplies diesel engines for the forthcoming Jeep Grand Cherokee and Ram 1500 EcoDiesel – an engine originally developed for the European Cadillac CTS.
from The Truth About Cars http://www.thetruthaboutcars.com
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