Fiat has boosted its interest in the Chrysler Group by another 5% following Chrysler’s achievement of the “Ecological Event”—receiving regulatory approval for an automobile based on a Fiat platform or vehicle technology having a fuel efficiency rating of at least 40 combined miles per gallon (5.88 L/100km) and to irrevocably commit to begin assembly in commercial quantities in the US. (Earlier post.)
The increase is effective immediately, and brings Fiat’s interest in Chrysler to 58.5%. The remaining 41.5% of Chrysler’s equity is owned by VEBA.
In late December, Chrysler achieved the Fuel Economy Test for an unadjusted combined rating of 40 mpg with a pre-production version of the Dodge Dart, based upon Fiat architecture technology. (Earlier post.) Yesterday, Chrysler issued an irrevocable commitment to the US Department of the Treasury to begin assembly of such vehicle in a production facility located in the United States.
The all-new Dodge Dart will be made in the United States...Please read more from: http://www.greencarcongress.com/2012/01/fiat-20120105.html
