The European Union antitrust authorities gave the green light to the transaction under which Fiat took control of 50% of VM Motori, the company that makes diesel engines for automotive and industrial applications. From now on, then, the company will be supervised jointly by the Lingotto and General Motors.
Through a statement, the Commission stated that "The examination of the showed that the combination of manufacturing of VM Motori diesel engine with those of Fiat, produced by Fiat Powertrain, relatively limited horizontal overlaps would not give rise reserves in terms of competition. " In parallel, has also been recognized that this operation does not restrict competition on the continent, since there are several alternative sources of supply.
With its entry into the control of the di Cento (in the province of Ferrara), the Fiat group takes the place of Penske Corp. U.S. With this transaction, the Italian brand is taking an important step forward in the marketing strategy of the European range of US-made car and can make diesel engines with 4 or 6 cylinder 2.8-liter and 3 are mounted on the Lancia Thema, the Lancia Grand Voyager and several examples of Jeep. 
Through a statement, the Commission stated that "The examination of the showed that the combination of manufacturing of VM Motori diesel engine with those of Fiat, produced by Fiat Powertrain, relatively limited horizontal overlaps would not give rise reserves in terms of competition. " In parallel, has also been recognized that this operation does not restrict competition on the continent, since there are several alternative sources of supply.
With its entry into the control of the di Cento (in the province of Ferrara), the Fiat group takes the place of Penske Corp. U.S. With this transaction, the Italian brand is taking an important step forward in the marketing strategy of the European range of US-made car and can make diesel engines with 4 or 6 cylinder 2.8-liter and 3 are mounted on the Lancia Thema, the Lancia Grand Voyager and several examples of Jeep.
- UPDATE 1-Fiat, GM to jointly control Italian engine maker VM (11/02/2011)
- "Rebadging 101: Lancia Launches Chrysler-Built Thema, Flavia and Grand Voyager" and related posts (15/02/2011)
- Taxis recalled over engine fears (30/09/2008)
- Jeep Grand Cherokee with Diesel Engines of 190 and 241 Cv (06/03/2011)
- EU mergers and takeovers (March 23) (23/03/2011)
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