GM sells the technical centre of Turin

CONTINUES THE RIDIMENSIONAMENTOR – As we have already written in the past few weeks on the occasion of the sale of the brand Holden in Australia and New Zealand (here the news), continues the gradual abandonment of General Motors from all those activities that are no longer considered vital for the future of the collosso american. So now it’s up to the GM Powertrain Europe Turin, research and development center that was sold to the multinational belgian Punch Group (specialized in the development and implementation of the components).

A CENTRE OF EXCELLENCE – The GM Powertrain Europe Turin represents a level of excellence in the field of development of diesel engines, employs about 700 workers, mostly engineers and technicians and was the last european reality of GM after the sale of Opel. The acquisition was announced in a joint note between the two groups, which said that the transaction also includes an agreement on the provision of engineering services for the development of GM products for the next two years. The agreement also ensures that the activities of the centre will continue with the use of all employees.

The PLANS OF the PUNCH – The Punch Group aims to expand its activities in other segments of the market in parallel with the provision of services to the GM. The goals, adds the ceo of the belgian group, Guido Dumarey, will be the ones to provide engineering services of high level to the GM and to new customers, and at the same time allowing a path of expansion of the Punch. We’ll see what will happen.