This document is a seminar report on the Multi Air engine technology developed by Fiat. It discusses the history of the technology's development over 10 years at a cost of over $100 million. The Multi Air system allows variable valve lift and timing on individual cylinders using electro-hydraulic actuation of the intake valves. This precision air control enables improved fuel efficiency, power and emissions compared to conventional engines. Fiat claims the Multi Air technology is a breakthrough that will license to other manufacturers.