Swades friend Pär Brandt asks in automotorsport.se if the the acquisition of 50% of VM Motori by Fiat could help Saab.
In the past VM Motori was owned by Penske. On 2007 Penske sold half of its shares to GM. On Monday February 14 Fiat Powertrain announced that they had bought the remaining shares from Penske.
The new owner structure of VM Motori is 50% Fiat 50% GM.
Could the new ownership structure of VM Motori help Saab to gain access to a much needed big diesel for the European market?
On the one hand, Fiat needs such a big diesel engine for cars like the new Thema/300c, thus Fiat should develop a production version of that engine. Saab developed the 9-5 and the 9-4x with this engine in mind, thus the cost of the integration of this engine should be minimal.
On the other hand, Mr. Marchionne and Mr. Muller don’t seem to be best friends, so it could be difficult to convince Fiat to sell some engines to Saab at a reasonable price.
My personal thought is: If Fiat buys the GM shares, then Saab won’t get access to that engine. If GM keeps its shares, it could be possible for Saab to regain access to that engine thanks to GM.
And one last note; many people think that Saab gets its Diesel engines from Fiat, but this is not the case. The original 1.9L Diesel engine single Turbo found in the 9-3 was co-developed between Fiat and GM, since then GM-Powertrain Italy, owned 100% by GM, is in charge to develop the Diesel engines.