Stellantis sells engine making plant in Italy to group of industrial investors

Core Viewpoint - Carmaker Stellantis has agreed to sell its Italian VM Motori engine manufacturing unit to a group of Italian investors who also control engine part maker Marval [1] Group 1 - The sale involves the VM Motori engine unit, which is a significant asset for Stellantis in the engine manufacturing sector [1] - The group of investors acquiring VM Motori has existing ties to the automotive industry through their control of Marval, indicating a strategic alignment in the transaction [1]