Brazil’s Tritec motors is currently evaluating a proposal to be acquired by General Motors.
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According to AutoData, government authorities from the state of Parana recently met with GM representatives to negotiate resuming production at the plant, which has been shut down for more than six months.
GM is reportedly evaluating a number of options for future expansion in Brazil – using the Tritec facilities is just one of them.
Last year Fiat expressed some interest in acquiring Tritec but, according to AutoData, they lost interest when Tritec apparently began considering an auction to sell the plant.
Tritec ceased production in July 2007 but still has 114 employees.
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By GlobalDataThe plant was set up as a joint venture between Chrysler and BMW to produce small engines. BMW ceased sourcing engines from the plant for the Mini last year and switched to engines developed jointly with PSA.
