Stellantis Sells VM Motori Plant – Jeep Engine Supplier
- The Stellantis automotive concern announced the sale of its VM Motori plant in Cento, in the north of Italy, to a group of domestic industrial investors behind Marval,...
- for many years, the company was renowned for the production of large 4- and 6-cylinder diesel engines.
- VM Motori stopped producing diesels in 2022, a decision made by then-head of Stellantis, Carlos Tavares.
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Stellantis Sells VM Motori Plant to Italian Investors
Table of Contents
What Happened
The Stellantis automotive concern announced the sale of its VM Motori plant in Cento, in the north of Italy, to a group of domestic industrial investors behind Marval, a company specializing in the production of motor components.The transaction was completed through a newly created Gamma Holding Holding.
VM Motori’s History and Specialization
VM Motori has a history spanning decades. for many years, the company was renowned for the production of large 4- and 6-cylinder diesel engines. These engines were supplied not only to Europe but also to the American market, powering several models of Jeep and Chrysler brands, including the iconic Jeep Wrangler. The company was later incorporated into the Group stellantis.
VM Motori stopped producing diesels in 2022, a decision made by then-head of Stellantis, Carlos Tavares.
Shift in Production Focus
As 2022, VM Motori shifted its focus away from automotive applications and concentrated on producing industrial and maritime drives, as supplies for the automotive industry were completed.
The Sale and New Ownership
The sale of the plant fits within Stellantis’ broader strategic realignment. The new owners, a group of Italian industrial investors through Gamma Holding Holding, are expected to continue operations at the plant, leveraging its existing capabilities in the industrial and maritime sectors.
Impact on Workforce
The VM Motori plant employs more than 350 workers. The sale is expected to maintain employment levels, as the new owners intend to continue production, albeit with a different product focus.
What Dose This Mean for Stellantis?
Timeline of Key Events
| Year | Event |
|---|---|
| Decades prior to 2022 | VM Motori produces diesel engines for Fiat Chrysler (later Stellantis) and the American market (Jeep, Chrysler). |
| 2022 | VM Motori ceases production of diesel engines for the automotive industry. |
| [Date of Proclamation] | Stellantis announces the sale of VM motori to Gamma Holding Holding. |
| [Date of Completion] | Sale of VM Motori is completed. |
Frequently Asked Questions
- What will happen to the workers at VM