Filed under: Europe, Plants/Manufacturing, GM, Fiat, Diesel
One of the last vestiges of the aborted partnership between Fiat and General Motors is coming to a close. An engine plant in Bielsko-Biala, Poland, has been jointly owned by GM and Fiat Powertrain Technologies (FPT). FPT has reached an agreement with GM to buy out the American company’s stake.
The plant builds the 1.3-liter Multijet diesel four cylinder that is used in an array of vehicles from both companies including the Opel Corsa and Astra and Fiat 500 and Punto.
The plant will continue building the same engine under Fiat management and GM will continue using the engine. No purchase price has been revealed for GM’s stake. The press release is after the jump.
[Source: General Motors]
Continue reading Fiat Powertrain Technologies to buy General Motors stake in Polish engine plant
Fiat Powertrain Technologies to buy General Motors stake in Polish engine plant originally appeared on Autoblog on Wed, 03 Feb 2010 09:00:00 EST. Please see our terms for use of feeds.