Fiat SpA today announced it has accomplished the last of three goals set for it by the U.S. government as a condition of its takeover of Chrysler Group LLC: commencing production of a vehicle with an unadjusted combined fuel economy rating of 40 miles per gallon.
That vehicle is the all-new 2013 Dodge Dart, which will be unveiled at the North American International Auto Show next week. Having "irrevocably committed" to producing the fuel-efficient compact, Fiat's ownership of once-bankrupt Chrysler has now been increased from 53.5 percent to 58.5 percent, in accordance with the 2009 bailout brokered by the Obama administration.
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