Stellantis Sells VM Motori to Italian Investors

One of the latest strategic moves from Stellantis involves the sale of its long-running Italian engine plant, VM Motori, to a group of local investors.

A Historic Plant Changes Hands –

Based in Cento, Italy, VM Motori has been a cornerstone of engine building for decades. The facility employs more than 350 workers and was once renowned for producing large diesel engines, including six-cylinder designs that made their way into vehicles sold in the United States under Fiat Chrysler Automobiles (FCA). In recent years, however, the company shifted its focus away from automotive supply, concentrating instead on industrial and marine engines.

The new owners are closely tied to Marval, an Italian firm that specializes in manufacturing key components for engines and transmissions. The acquisition was carried out through Gamma Holdings, a company created by Marval’s controlling investors. Marval itself is backed by Azzurra Capital, a private equity fund with experience in supporting industrial growth.

Why Stellantis Made the Move –

The sale is part of Stellantis’ wider effort to streamline its operations and focus its resources on core business areas. Rather than shutter the facility, the automaker sought buyers capable of keeping the site productive and competitive. A Stellantis spokesperson said the deal supports the creation of a “national center of excellence” in industrial engine technology, ensuring that VM Motori remains a key contributor to Italy’s industrial sector.

Stellantis will continue operating two other major engine plants in southern Italy—Termoli and Pratola Serra—which remain important to its European production footprint.

Jobs and Production Secured –

One of the main concerns in any factory handover is what happens to the workforce. Marval’s CEO, Vincenzo Nunziata, assured employees and the community that jobs are safe, production will continue, and growth is on the horizon.

Marval already employs about 800 people across its operations in Italy, the United Kingdom, and China. Its customer base includes some of the biggest names in the global industrial and commercial vehicle space, such as John Deere, Iveco, Scania, and BYD. By bringing VM Motori under its umbrella, Marval is positioning itself as a stronger supplier in the engine and heavy equipment market.

A Future Beyond Cars –

VM Motori’s transition away from automotive contracts doesn’t mean the end of its story—it’s simply a new direction. Demand for industrial and marine engines remains strong worldwide, and Marval sees VM Motori as a perfect fit for its growth plans.

“Our project focuses on the industrial continuity of the site and the enhancement of local skills, increasing the design, production, and supply chain assets that have always distinguished this company,” Nunziata said.

For Cento, the sale ensures that the plant—an important local employer and industrial landmark—will continue to thrive. For Stellantis, it marks another step in reshaping its portfolio while ensuring VM Motori’s legacy continues under committed new ownership.

Looking Ahead –

The deal is expected to be finalized by the end of 2025. Once complete, VM Motori will begin its next chapter under Marval, securing its place in the global market while continuing to build on decades of Italian engineering tradition.

Source: Reuters