The Penske Corp. has sold its 50 percent equity stake in an Italianmaker of diesel engines to a Russian carmaker for an undisclosed sum. Bloomfield Hills-based Penske is selling its portion of VM ...

VM Motori announced it is developing a hydrogen combustion version of its 2.2 L, three-cylinder inline engine. Based on the R753 diesel model, the company said the H2-ICE version marks a new chapter ...

Fiat, after purchasing half of European diesel engine manufacturer VM Motori S.p.A. in 2010, just acquired the other half from General Motors for $47.1 million,giving Fiat complete controlof the Cento ...

Fiat is now the sole owner of diesel engine supplier VM Motori after it acquired a remaining 50 percent stake in the fellow Italian firm from General Motors. VM Motori supplies diesel engines for ...

GAZ Group, one of Russia’s largest car manufacturers owned by Magna group stakeholder Russian Machines, and General Motors have agreed on GAZ buying a 50% stake in diesel engine specialist VM Motori ...

DETROIT, July 16 (Reuters) - General Motors Corp. said on Monday it is buying 50 percent of Italian diesel engine maker VM Motori from Penske Corp. and will launch a new high-performance V6 diesel ...

SOUTH KOREA: GM Daewoo and VM Motori sign long-term diesel engine agreement GM Daewoo has signed an agreement with Italian diesel engine maker VM Motori to manufacture a series of 1.5 and 2.0-litre ...

Fiat Group, Chrysler Group's Italian parent company, has acquired the remaining half of VM Motori S.p.A. from General Motors for 34.1 million euros ($47.1 million). The acquisition, which gives Fiat ...