Fiat has announced the creation of Fiat Powertrain Technologies, a new industrial unit that will integrate all the group's capabilities in engines and transmissions. The new company will combine Fiat Auto Powertrain, Iveco Powertrain, Magneti Marelli Powertrain, Iveco Motoren Forschung and the powertrain research activities of the Fiat Research Center and Elasis.
The Manitowoc Co. and Japan's Kobelco Cranes Co. announced an agreement for Kobelco to manufacture and supply a range of lattice-boom crawler cranes on an OEM basis to Manitowoc for European distribution. A range of Kobelco manufactured cranes under 110 metric tons will be sold in Europe by Manitowoc Crane Group, beginning in the third quarter of 2005.All new models will be branded as Manitowoc cranes, and will be sold and supported by Manitowoc's existing distribution network. Kobelco will continue to sell and support its current complete crawler crane product line under its European distribution system.
This new agreement complements a series of previously announced agreements between the two companies. Under these previous deals, Kobelco supplies certain lattice-boom crawler cranes for distribution in North America under the Manitowoc brand, and Manitowoc supplies certain all-terrain cranes for distribution in Japan under the Kobelco brand.
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