Chrysler yesterday dropped the first teaser images and details on the new 2013 Dodge Dart compact car that will be unveiled at the 2012 Detroit Auto Show. CEO Sergio Marchionne now says that when the car’s fuel-efficiency is certified at 40 mpg or more by the end of the month, Fiat SPA could increase its stake in Chrysler by the final 5 percent, bringing its total ownership of the company to 58.5 percent.
The remainder of the company will be held by the UAW’s retiree health care trust.
Click here for our original post on the Dodge Dart.
Under the agreement with the United States Treasury after Chrysler cam out of bankruptcy protection in 2009, Fiat would get 5 percent by building a vehicle in the United States that would have an unadjusted fuel economy rating of at least 40 mpg.
The 2013 Dodge Dart will be produced at Chrysler’s Belvidere, Ill., plant.
Power will come from a range of three 4-cylinder engines including the Tigershark 16-valve 2.0-liter engine, a 16-valve 1.4-liter MultiAir Intercooled Turbo engine, and a new Tigershark 16-valve 2.4-liter MultiAir four cylinder engine.
– By: Omar Rana
Source: Automotive News