Fiat has been given the green light by the European Commission to acquire Penske's half stake in Italian diesel engine builder VM Motori in a deal that will see its new RA 630 3.0 V6 engine making its way into Fiat and Chrysler products

Fiat Powertrain has confirmed that it has bought a 50 percent stake in Italian diesel engine manufacturer VM Motori, which will is a symmetry with recent history turn the company into a joint venture between Fiat and its former partner GM

Fiat has agreed a deal to purchase half of Italian diesel specialist manufacturer VM Motori from Penske Corporation just as the company gears up to produce its V6 for installation in high-end Fiat and Chrysler Group products

Chrysler has revealed the facelifted 300: the revised-in-all-areas E-segment sedan is set to be rebadged as a Lancia in time for the Geneva Motor Show and be fitted with VM Motori's new 3.0 V6 diesel engine

GAZ Group, one of Russia’s largest car manufacturers, and General Motors Corp., have reached agreement on a GAZ 50 percent equity ownership in VM Motori S.p.A., a designer and manufacturer of diesel engines based in Cento, Italy

General Motors announced today it has reached a joint-venture agreement with Penske Corporation to purchase 50-percent equity of Centro-based diesel engine manufacturer VM Motori