GM says Russia's GAZ may be partner in Italian diesel venture
The Detroit News
General Motors Corp. says Russia's second-largest auto company may become GM's joint-venture partner in an Italian maker of diesel engines, Bloomberg News reported this morning.
Russian automaker OAO GAZ is in talks to buy 50 percent of VM Motori SpA, said GM spokesman Marc Kempe, according to Bloomberg News. The stake is currently held by Penske Corp., owned by Detroit entrepreneur Roger Penske.
"These are exploratory talks at this point," Kempe said.
A joint venture between the Detroit carmaker and OAO GAZ would expand GM's ties to Russia, where it is trying to boost sales. It would also give GAZ and its billionaire owner, Oleg Deripaska, more access to western technology.
IMO, the Dmax in 6.6 form is going to be here thruogh next year. What GM does in 2010 is anyones guess. It could be a 7.1 (Hey, Trippin's stroker kit may be just what GM's looking for -- relatively cheap and uses the same block) or it could be a whole new engine design.
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