Ferrari will build a new engine for Fiat

Italian publication Ansa announced that Fiat, the largest automobile manufacturer in Italy, signed an agreement with Ferrari, a parent company, in order to develop a new powerful engine for his luxury car models – Maserati, Alfa Romeo and Lancia. Rumors say the engine will be a twin-turbo V6 and that Fiat paid about 50 million Euros to have it. The engine could go into production by 2014.

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