"Effective August 31, 2009, Global Engine Manufacturing Alliance (GEMA) is now a wholly-owned subsidiary of Chrysler Group LLC. Former GEMA partners, Mitsubishi Motors Corporation and Hyundai Motor Company, have sold their interests in the manufacturing alliance to the Chrysler Group. Going forward, GEMA and its employees will continue to build state-of-the-art engines for Chrysler Group's line of exciting, fuel efficient vehicles," Chrysler said.
Chrysler hasn't updated the official website of the alliance until now so it still informs that GEMA is a joint venture between the US-based carmaker, Hyundai and Mitsubishi.
According to the page, the joint venture was building engines for several models belonging to the three carmakers, including Chrysler Sebring, Dodge Avenger, Dodge Journey, Jeep Compass, Mitsubishi Outlander, Mitsubishi lancer, Hyundai Genesis Coupe, Hyundai Santa Fe, Kia Sportage and Kia Optima.
The GEMA facility is based in Dundee, Michigan and produces several engines ranging in size from 1.8 to 2.4 liter, including a turbo unit that could produce around 300 horsepower.
The news regarding a possible buyout of Hyundai's and Mitsubishi's stakes in the alliance first surfaced a few weeks ago when Chrysler removed the two companies' logo from the plant. At that time, Chrysler refused to comment on the news but several sources close to the matter hinted that the US carmaker is planning to take full control of the plant.
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