Fiat Acquisition of GM Share of VM Motori Complete
Fiat Now Sole Owner of Diesel Engine Specialist
Last month, we reported of General Motors' divestiture of its half of the VM Motori diesel engine manufacturing partnership with Fiat in Cento, Italy. The two companies entered into a joint ownership agreement in 2010, in which each company owned a 50-percent stake in the company. As of today, Fiat is now full owner of VM Motori, which supplies engines for a variety of models worldwide, including two important products for the Chrysler Group in North America, the 2014 Jeep Grand Cherokee and Ram 1500 EcoDiesel.
A version of the 3.0-liter diesel V-6 used in the Grand Cherokee was slated to go into the European-market Cadillac CTS just before GM's bankruptcy, but the engine never made it to European showrooms. Although Fiat now has full control of VM Motori, that does not prevent the engines from being offered in other company's products. VM Motori supplied the engines to the TX4 London Taxi, as well as the 2.8-liter I-4 in the European-spec Jeep Wrangler, an evolution of the engine briefly offered in the U.S.-spec Jeep Liberty from 2005 to 2006.
A high-output version of the 3.0-liter V-6 used in the Ram and Grand Cherokee is also used in the new Maserati Ghibli sedan as an optional powerplant and will likely be an option in the forthcoming Levante SUV.