announced today it has reached a joint venture agreement with Penske Corporation to purchase 50-percent equity of VM Motori S.p.A, a designer and manufacturer of diesel engines based in Cento ...

Who is the owner of the other half of the shares? GM. VM Motori is currently supplying diesel engines for Opel and Chevrolet, like the 2.0-liter diesels under certain European models. VM Motori is ...