Fiat acquires 50% of VM Motori

Fiat officially acquiring 50% of VM Motori, a company Cento (Ferrara) so far in the hands of GM and Penske Corporation. Just by that Fiat bought his package in the VM, a company specializing in the production of diesel engines of its own design. Soon the company will be under the direct control of joint venture between Fiat and GM Powertrain (which acquired its 50% stake in the company 'in September 2007).