Tritec Motors was established through a
joint venture between BMW and Chrysler to
manufacture in Brazil 1.4 and 1.6 litre
engines in 1997 for Mini and PT Cruiser
models to be sold in South Africa, Europe
and other external markets.
Powertrain Technologies (FPT) signed an agreement with
Chrysler L.L.C yesterday (Wednesday) for the total acquisition of
the former's Tritec Motors unit located in the city of Campo Largo
in the south of Brazil.
covers the land, the industrial unit, the production lines
and the license for production of the current products. The
total investment will be of R$ 250 million reais
(approximately 83 million euros), including development
costs. Together with the purchase of one of the most modern
engine building factories in the world, FPT also announced
the production of a new range of midsize engines
incorporating petrol and flex fuel (petrol alcohol)
of engineering in Brazil and Italy, and the engineers of
Tritec unit, will accomplish the development of these new
engines in an integrated way. The acquisition by FPT should
generate about 500 employment positions in the unit and
another 1,500 jobs in the industrial area of Campo Largo.
"The purchase of
the industrial unit at Campo Largo will allow the company to
reach two important strategic objectives, the enlargement of
the current range of Fiat engines and increasing further our
sales for new potentially customers,” affirmed the CEO of
FPT Alfredo Altavilla.
announcement today is without any doubt an important factor
that guarantees the future for Tritec Motors unit,”
according to the Vice Chairman and President of Chrysler Tom
FPT – Fiat
Powertrain Technologies South America
FPT has 3,500
professionals in its three units in South America located in
Betim and Sete Lagoas in Brazil, and Córdoba in Argentina,
dedicated to the development and research of engines using
alternative fuels. The unit of at Betim is located in the
metropolitan area of Belo Horizonte (capital of Minas Gerais)
and is the largest plant of the company in Latin America
with an annual production of 1.2 million units a year of
engines and transmissions.
The unit in Sete
Lagoas, in spite of being physically smaller than Betim,
represents an important standard of production and
flexibility, with a range of four diesel engine families: C,
N, F1C and 8140, offering the biggest range of output and
torque destined towards several types of applications.
unit has 40 thousand square meters and is located in an area
of 1.27 million square meters. The company was established
by a joint venture between BMW and Chrysler to manufacture
in Brazil 1.4 and 1.6 litre engines in 1997 for Mini and PT
Cruiser models to be sold in South Africa, Europe and other
external markets. In July of 2007 with the end of the joint
venture between Chrysler and BMW, the company produced its
last engine. To restart the production FPT will invest
strongly in technology, quality and workforce training.
by FPT could transform this industrial unit into the largest
centre of production of midsize engines in Latin America,
focusing on local and external markets,” according to the
superintendent of FPT for Mercosul (Brazil, Uruguay,
Paraguay and Argentine) Franco Ciranni.