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Fiat increases Chrysler stake


Fiat increases Chrysler stake

Fiat has completed its agreed buy-from Chrysler, getting met performance targets set by the federal government.

Consequently, Fiat now owns 58.5 percent of Chrysler, getting met its dedication to begin set up of the vehicle by having an unadjusted combined gas mileage with a minimum of 40mpg in a production facility located in the U . s . States.

That vehicle would be the Dodge Dart, a concise four-door saloon, which is dependant on the Alfa Romeo Giulietta architecture and which is formally launched in the Detroit motor show in a few days.

The Giulietta’s Compact Wide architecture continues to be lengthened and widened to underpin the Dart and it has been renamed to Compact US Wide.

The Dart is going to be built-in America at Chrysler’s Belvidere plant – the topic of a $600 million investment – and will also be the tiniest, most fuel-efficient model in Dodge’s range when it’s launched.

Power will range from selection of three four-cylinder gas engine options: a Fiat-provided turbocharged 1.4-litre MultiAir and 2 new 2.-litre and a pair of.4-litre ‘Tigershark’ units, the second if which will get Fiat’s MultiAir technology.

The brand new Dart continues to be inspired by Dodge’s vehicle of the identical name in the 1960s, that was additionally a smaller sized entry-level model for that brand. Dodge claims the 2013 vehicle “blends Alfa Romeo DNA with Dodge’s desire for performance”.


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