VM MOTORI
February 1st, 2003
BY ALAN OSBORNTHE EUROPEAN Commission has cleared the joint acquisition of the Italian company VM Motori by the US-based Penske Group and DaimlerChrysler AG of Germany. VM Motori, a subsidiary of Detroit Diesel Corporation of the US, designs, manufactures and sells light and medium-duty diesel engines for the motor industry and for certain other industries. Because Penske is engaged in car dealership, car and truck rentals, fleet management and auto-racing while DaimlerChrysler is active in a number of automotive and aerospace sectors, financial services and ...
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