For years, VM Motori S.p.A. (VM) of Cento, Italy, has specialized in the development and manufacture of automotive diesel used by different OEMs to power special vehicles such as SUVs. The company, now owned 51 percent by Penske Corp. and 49 percent by DaimlerChrysler, is operating in the international marketplace as an independent engine supplier for the automotive industry, which is by far its most important market segment--even if engines for agricultural, industrial and marine applications also represent a considerable share of its business.
In June, VM was awarded licenses to build engines developed in Cento for Jiangling Motors Company Group (JMCG) in the People's Republic of China. This contract follows a March award to supply engines to GM Daewoo Auto and Technology Corp. in Korea.
Automotive Industries had the opportunity to sit down with Mr. Vilmo Ferioli, vice president and managing director of VM, to discuss in detail the terms of these license agreements and the philosophy backing up this policy For years, VM Motori S.p.A. (VM) of Cento, Italy, has specialized in the development and manufacture of automotive diesel used by different OEMs to power special vehicles such as SUVs. The company, now owned 51 percent by Penske Corp. and 49 percent by DaimlerChrysler, is operating in the international marketplace as an independent engine supplier for the automotive industry, which is by far its most important market segment--even if engines for agricultural, industrial and marine applications also represent a considerable share of its business.
In June, VM was awarded licenses to build engines developed in Cento for Jiangling Motors Company Group (JMCG) in the People's Republic of China. This contract follows a March award to supply engines to GM Daewoo Auto and Technology Corp. in Korea.
Automotive Industries had the opportunity to sit down with Mr. Vilmo Ferioli, vice president and managing director of VM, to discuss in detail the terms of these license agreements and the philosophy backing up this policy
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