Editing VM Motori (section)

== History ==
VM Motori was founded by two entrepreneurs, Claudio Vancini and Ugo Martelli (hence the ''"VM"'') in 1947.

VM merged with ''Stabilimenti Meccanici Triestini'' in Trieste in 1971, then ''Finmeccanica'' took a majority stake in the combined company. The company was referred to as "Finmeccanica VM" for many years.<ref name="QR0379">{{cite journal | journal = [[Quattroruote]] | volume = 24 | date = March 1979 | number = 280 | publisher = Editoriale Domus | location = Milan, Italy | language = it | title = Ecco il primo Turbo Diesel italiano | trans-title = Here is the first Italian turbodiesel | last = Mádaro | first = G | page = 56 | ref = QR280 }}</ref>

In 1989, [[Finmeccanica]] restructured, selling its stake in VM Motori to company managers and Midland Montague in a [[leveraged buyout]], leaving the company with its single [[Cento]] plant.

[[Detroit Diesel|Detroit Diesel Corporation]] (DDC) bought VM Motori in 1995. In 2000, [[Detroit Diesel|DDC]] was purchased by [[DaimlerChrysler]] AG.

In 2003, [[Penske Corporation]] purchased a 51% stake in VM Motori; in 2007, Penske bought the remaining 49% from [[Detroit Diesel|Detroit Diesel Corporation]] and subsequently sold 50% of it to [[General Motors]].<ref name="italiaspeed.com">{{cite web|url=http://www.italiaspeed.com/2007/cars/other/vm_motori/07/gm_stake/1707.html|title=GM to buy 50 Percent stake in VM Motori|date=2007-07-17|work=italiaspeed.com}}</ref>

In September 2008, [[GAZ|GAZ Group]] announced plans to purchase a 50% stake from Penske Corp,<ref name="news.moneycentral.msn.com">{{cite web|url=http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080903&id=9091390|title=GAZ acquires 50 percent stake in VM Motori|access-date=2008-09-04|work=news.moneycentral.msn.com|url-status=dead|archive-url=https://web.archive.org/web/20070308085958/http://news.moneycentral.msn.com/provider/providerarticle.aspx?Feed=AP|archive-date=2007-03-08}}</ref> but ultimately cancelled them in February 2009.<ref>{{cite web|url=http://www.rian.ru/crisis_news/20090220/162681297.html|title=GAZ withdraws the deal to buy 50% of engine maker VM Motori|work=[[RIA Novosti]]|date=2009-02-20|access-date=2009-03-03|language=ru}}</ref>

On 11 February 2011, [[Fiat Powertrain Technologies]] and Penske Corporation had reached an agreement under which Fiat Powertrain would purchase Penske Corporation's fifty-percent stake in VM Motori S.p.A.<ref>{{cite web|url=http://www.fiatspa.com/en-US/media_center/FiatDocuments/2011/February/Fiat%20Powertrain%20purchases%20Penske%20Corp.%20fifty-percent%20stake%20in%20VM%20Motori.pdf |title=Agrate Brianza, 03 marzo 2008 |access-date=2016-06-14}}</ref><ref name="italiaspeed.com/2011">{{cite web|url=http://www.italiaspeed.com/2011/cars/industry/02/vm_motori/1102.html|title=11.02.2011 FIAT POWERTRAIN CONFIRMS ACQUISITION OF PENSKE'S HALF STAKE IN VM MOTORI|access-date=2011-02-12|work=italiaspeed.com/2011}}</ref>

Fiat Group Automobiles acquired the remaining 50% stake of VM Motori S.p.A. owned by General Motors,<ref>{{cite web|author=Reuters Editorial |url=https://www.reuters.com/article/us-fiat-vmmotori-idUSBRE98K0A320130921 |title=Italy's Fiat to take full control of VM Motori |publisher=Reuters.com |date=2013-09-21 |access-date=2016-06-14}}</ref> on 28 October 2013.<ref>{{cite web|title=Fiat buys remainder of diesel maker VM Motori from GM|url=http://www.autonews.com/article/20131028/OEM10/131029887/fiat-buys-remainder-of-diesel-maker-vm-motori-from-gm#|work=Autonews|access-date=26 February 2014|date=28 October 2013}}</ref>