On 18 June, the President of the Office of Competition & Consumer Protection (UOKIK) approved a planned acquisition, by Fiat Powertrain Technologies, from General Motors, of 50% of the shares in Fiat-GM Powertrain Polska.
On 27 January, Fiat Powertrain Technologies (FPT) and General Motors (GM) announced plans of ownership changes at the Bielsko-Biała based factory operated by Fiat-GM Powertrain Polska. On that day, both companies signed a preliminary agreement under which FPT agreed to buy 50% of the shares in Fiat-GM Powertrain Polska from General Motors.
The ownership changes will not affect the production of the Turbo Diesel 1.3 SDE engine, which will continue to be supplied for use in Fiat’s and GM’s vehicles.
