“The story regarding the 4.2-liter V8 Blackwing motor is not exact. We do not have an agreement in position with Manifattura Automobili Torino (MAT) to supply or market the Blackwing motor,” a GM spokesman stated. “Additionally, though MAT may possibly be working with the Punch Group, we have not certified this motor as component of the Turin Propulsion Engineering Centre sale to Punch Group. Our team is adhering to up with MAT president Paolo Garella to explore the misunderstanding. We are open to other solutions for the Blackwing motor in the upcoming, but have nothing to announce at this time.”
The Punch Group lately bought GM’s Propulsion Engineering Centre in Turin, Italy, and it appears MAT president Garella was honestly mistaken regarding the terms of the deal. In other terms, he spoke prematurely. If you remember, GM is withdrawing from markets where it’s identified it’s not earning funds, such as Europe. The sale of Opel and Vauxhall to the PSA Group is just a single example.