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Chrysler Sells Tritec Motors to Fiat Powertrain
15 March 2008
Chrysler LLC has signed an agreement to transfer full ownership of Tritec Motors Ltd. to Fiat Powertrain Technologies (FPT). The sale includes the facilities, manufacturing unit, production lines and the license to produce the current range of products.
The Tritec Motors plant is located in the town of Campo Largo in the Curitiba metropolitan area, in the southern Brazilian state of Paraná.
Chrysler and the BMW Group established Tritec Motors in 1996 between to manufacture 1.4- and 1.6-liter four-cylinder gasoline engines. The Tritec name stands for the union of the three countries involved: Germany, the United States, and Brazil.
The gasoline-powered, four-cylinder, 16-valve 1.6- and 1.4-liter engines were destined for export, formerly equipping all BMW MINI models worldwide; the Chrysler PT Cruiser in South Africa, Europe and other foreign markets; and formerly, the Chrysler (Dodge) Neon sold outside North America.
March 15, 2008 in Brief | Permalink | Comments (0) | TrackBack (0)
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