
Fiat Group, Chrysler Group’s Italian parent company, has acquired the remaining half of VM Motori from General Motors for 34.1 million euros ($47.1 million).

Fiat Group, Chrysler Group’s Italian parent company, has acquired the remaining half of VM Motori from General Motors for 34.1 million euros ($47.1 million).

Fiat plans to take full control of the diesel engine manufacturer VM Motori by buying out the half of the company owned by General Motors.