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RobertRyan
Explorer
Feb 29, 2020

GM Diesel Development Center sold to European Interests

Well it looks like GM Centre that developed the 3 litre Diesel for the Silverado , has been sold to the Belgian Punch Group, who wanted to buy Holden in 2016 but was rejected.

"Now we’ll turn our attention back to the Old Continent, namely to the city of Turin in Italy. The Big G is running an engineering center there – General Motors Propulsion Systems, which was formerly known as GM Powertrain Europe. This is the place where the U.S. manufacturer researched and developed the 1.6- and 3.0-liter turbo diesels powering the North American versions of the Chevrolet Equinox, Silverado 1500 pickup truck, as well as the all-new 2021 Cadillac Escalade.

General Motors’ employees in Turin will soon work for the Punch Group, which has acquired the company for an undisclosed amount of euros. "

16 Replies

  • RobertRyan wrote:
    Yosemite Sam1 wrote:
    GM is seeing the writing on the wall.

    There are several countries banning diesel cars on cities.

    No the Company buying it sees the writing on the wall as diesels will be part of the mix up to 2050 even in Europe. They are banning ALL ICE vehicles in some cities, not Diesel in the country
    As I posted previously this appears to be the huge downsizing by GM to stay afloat, people buying the businesses can see potential for growth.PSA who bought Opel and Vauxhall turned those businesses around quickly. Now PSA is driving FCA into a merger and ironically make it more European


    I wonder as to their timeline to get a reasonable returns on their investments.

    In Europe, EV is outselling ICE whenever they can get their hands on.

    When Cybertruck and Tesla semis hit the European market, that would definitely crowd out and displace their diesel commercial and consumer truck sector.
  • Yosemite Sam1 wrote:
    GM is seeing the writing on the wall.

    There are several countries banning diesel cars on cities.

    No the Company buying it sees the writing on the wall as diesels will be part of the mix up to 2050 even in Europe. They are banning ALL ICE vehicles in some cities, not Diesel in the country
    As I posted previously this appears to be the huge downsizing by GM to stay afloat, people buying the businesses can see potential for growth.PSA who bought Opel and Vauxhall turned those businesses around quickly. Now PSA is driving FCA into a merger and ironically make it more European
  • Lwiddis wrote:
    Is GM giving up on future diesels? This would let them fully concentrate on electric power.

    Yes, but I think it represents a huge downsizing of GM from a Global player to a NA or regional one
  • GM is seeing the writing on the wall.

    There are several countries banning diesel cars on cities.
  • Is GM giving up on future diesels? This would let them fully concentrate on electric power.