Laforza Automobiles Enters Into Relationship With Fiat's
Iveco Italy
Iveco Italy, a Unit of Fiat, to Supply Custom Diesel Engine
For New Laforza Model
ESCONDIDO, Calif., April 25 Laforza Automobiles, Inc. (OTC-Pink Sheets: LFZA) announced today that it
has entered into a supply relationship with Iveco AIFO, SpA, a manufacturing
unit of FIAT, SpA.
Laforza will produce new models of its luxury sport utility vehicle (SUV)
and personal security vehicle (PSV) using Iveco's newest "common rail"
technology diesel engines; a 4-cylinder, 3.9 liter unit that produces over 500
pounds of gross torque and over 170 horsepower.
The new Iveco engines for Laforza meet Euro-3 standards. The new engines
are the quietest ever produced by Iveco and allow for substantially reduced
operating costs, including fuel efficiency and service intervals.
"We are very pleased to be incorporating these new Iveco engines in our
new Laforza SUV's," said David Hops, Laforza's chief executive officer. "This
is the first SUV application for Iveco, and we hope that this association will
result in a new class performance for the SUV category," he added.
The first models featuring the Iveco engine will be produced and sold out
of Laforza's Italian facilities.
"We expect to receive very positive feedback from our customers in
European markets where diesel engines have been accepted as standard
equipment," said Roger Phillips, consulting General Manager of Laforza
International, SpA.