Chrysler Sells Brazilian Engine Plant to Fiat
March 13, 2008

Chrysler will sell its engine plant in Brazil to Fiat, the companies announced Wednesday.

Fiat Powertrain Technologies, the automaker’s engines and transmissions unit, will buy Chrysler’s Tritec Motors plant in Brazil, the companies said in a statement. The price was not disclosed.

Tritec has produced engines for Chrysler's PT Cruiser and, under a now-defunct joint venture with BMW, the previous-generation Mini.

Fiat said it would invest $130 million to produce a new range of midsize gasoline and flex-fuel engines.

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