General Motors (50%)|
VM Motori S.p.A. is a diesel engine manufacturing company in Cento, Italy, which is the heart of Emilia-Romagna, an Italian region which is also home to Ferrari, Lamborghini, Maserati, Pagani and Ducati.
VM Motori was founded by two entrepreneurs, Vancini and Martelli (hence the "VM") in 1947.
VM merged with Stabilimenti Meccanici Triestini in Trieste in 1971, and Finmeccanica took a majority stake in the combined company.
In 1989 Finmeccanica restructured, selling its stake in VM Motori to company managers and Midland Montague in a leveraged buyout, leaving the company with its single Cento plant.
Detroit Diesel Corporation (DDC) bought VM Motori in 1995.
In 2003 Penske Corporation purchased a 51% stake in VM Motori; in 2007 Penske bought the remaining 49% from DaimlerChrysler and subsequently sold 50% of it to General Motors. As of 2007, both deals were awaiting European regulatory approval and the value of the deal was not known.
In September 2008, GAZ Group announced plans to purchase a 50% stake from Penske Corp. but ultimately cancelled them in February 2009. January 11, 2011 Italian newspaper Corriere della Sera published news that Fiat S.p.A. is about to purchase 50% stake from Penske. In February 11 Fiat Powertrain Technologies confirmed it has bought the 50 percent stake.
Products and licensing Edit
in 1947, the company produced the first Italian air-cooled diesel engine with direct injection.
In 1964 the company introduced entire new families of air-cooled diesel engines for fishing boats and the industrial machine markets.
1974 saw the introduction of a new series of high-speed (4200 rpm) HR, pre-combustion chamber, water-cooled, turbocharged engines.
The Alfa Romeo Alfetta, produced in Arese, rolled off the line with a VM Motori engine under the bonnet in 1979, signaling VM's move to the OE] automotive market.
During the 1980s British Leyland chose VM engines as the smoothest, most petrol-like units available for diesel models of their Range Rover and Rover SD1; the choice continued with the later Rover 800.
GM Daewoo has licensed the 1.5-litre and 2.0-litre common rail engine designs, and built a dedicated engine plant, which started production 2006. The 2.0 L diesel is used in the Chevrolet Captiva/Opel Antara/Daewoo Winstrom, the Chevrolet Optra/Daewoo Lacetti, the Chevrolet Cruze and the Chevrolet Epica/Daewoo Tosca.
The latest vehicle to benefit from a 2.5 L VM Motori diesel engine is the purpose-built LTI (London Taxis International) [London style taxicab] - the TX4 is the first of the TX range of taxis to include a VM Motori engine.
The company is also selling its products to off-highway applications, such as marine and defense. MTU Friedrichshafen, a German diesel engine manufacturer, holds the exclusive sales rights for VM Motori off-highway engines outside of Italy.
See also Edit
|This page uses some content from Wikipedia. The original article was at VM Motori. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia|
- ↑ "GM to buy 50 Percent stake in VM Motori". italiaspeed.com (2007-07-17).
- ↑ "GAZ acquires 50 percent stake in VM Motori". news.moneycentral.msn.com. Retrieved on 2008-09-04.
- ↑ "GAZ withdraws the deal to buy 50% of engine maker VM Motori" (in Russian). RIA Novosti (2009-02-20). Retrieved on 2009-03-03.
- ↑ "E Torino intanto investe nei motori diesel italiani della Vm". archiviostorico.corriere.it. Retrieved on 2011-01-15. (Italian)
- ↑ "11.02.2011 FIAT POWERTRAIN CONFIRMS ACQUISITION OF PENSKE'S HALF STAKE IN VM MOTORI". italiaspeed.com/2011. Retrieved on 2011-02-12.
- VM Motori
- Penske Corporation
- Detroit Diesel Corporation
- Discussion group all about VM diesel engines. A resource of otherwise difficult to find information