Product of Italy

VM Motori grants advanced automotive technology to Asian countries.

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 DarmlerChrysler, 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 …