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BMW Transfers Shares in Tritec Motors to Chrysler
13 July 2007
The BMW Group has transferred its shares in Tritec Motors Limitada to DaimlerChrysler’s Chrysler Group effective 11 July 2007.
BMW Group and the Chrysler Group founded Tritec Motors in 1997 by the for the production of 1.4- and 1.6-liter four-cylinder gasoline engines. Large-scale series production started in January 2000; the plant’s annual production capacity is around 250,000 units.
The companies—who each held half of the shares in the Brazilian engine plant—have agreed not to divulge the details of the transaction, which is subject to administrative registration and regulatory approval.
Chrysler Group has assumed the responsibility for exploring long-term options for the Tritec operations whereby all possible alternatives for continuing the business for the long run are under analysis. This may include a sale of the facility to a third-party.
July 13, 2007 in Brief | Permalink | Comments (1) | TrackBack (0)
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Posted by: Stan Peterson | July 13, 2007 at 11:20 AM
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Ther folowing is all speculation, and hypothesis.
Chrysler has just acquired an engine factory to build small gasoline enginess or small diesels. Changing to the World engine design, this provides a lot more capacity for 4 cyclinder engines for hybrid drivetrains.
If converted to small diesel manufacture, it provides necesaary capacity for "clean diesel" offerings that may become very popular.