U.S. regulators rated a new Chrysler Group LLC compact car with highway fuel-economy of 41 miles a gallon, a move that fulfills a key element of the company’s 2009 federal bailout and cleared the way earlier this year for majority owner Fiat SpA to increase its stake in the Detroit auto maker.
In a posting on the fueleconomy.gov web site, the Environmental Protection Agency said the new 2013 Dodge Dart Aero model is rated to travel 41 miles on a gallon of gasoline on the highway when equipped with a manual transmission, and 40 miles on a gallon with an automatic transmission.
Italy’s Fiat took control of Chrysler in 2009 after agreeing with the U.S. government to help the U.S. auto maker produce a line of new fuel-efficient on cars based on Fiat designs. Fiat was originally given a 20% stake in Chrysler, and was allowed to increase its holding for achieving certain goals, one of which was helping Chrysler produce a car that goes at least 40 miles on a gallon of gasoline.
The EPA issued a preliminary rating on a pre-production version of the Dart last December, and Fiat was awarded an additional 5% stake in Chrysler in January. That lifted its holding in Chrysler to 58.5%.
Courtesy of the Wall Street Journal
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