News - Holden
GM-VM diesel deal
General Motors buys 50 per cent of VM Motori, builder of the Holden Captiva's diesel
27 Jul 2007
By CHRIS HARRIS
GENERAL Motors has moved to cement its relationship with VM Motori, announcing last week that it had reached a joint-venture agreement with owner Penske Corporation last week to purchase a 50 per cent stake in the Italian diesel-engine engineering and manufacturing firm.
VM Motori diesels are used in an increasing number of GM vehicles, including the Captiva SUV sold in Australia, and development work is continuing on a new 2.9-litre V6 turbo-diesel scheduled for launch in the Cadillac CTS in Europe in 2009.
Read more:First drive: Good oil on Holden's diesel Captiva
Read GoAuto's drive impressions of the Holden Captiva diesel range
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