By Christina Rogers
- Getty Images
- 2013 Dodge Dart
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%.
Read more in The Wall Street Journal.
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I think that Japan-auto, Inc, will follow suit and develop their own high mpg engines, and at the same time up the price on their best-selling small cars. I don’t think they are concerned. They were just waiting for others to make significant gains in mpg. They’ll still outsell everything out there with the exception of maybe Hyundai and Kia in that class.
What Japan-auto, Inc, should be concerned about is that the South Koreans are eating their lunch in quality, content and value. My daughter and her husband have been driving Sonata, Genesis and Santa Fe since 2006, and they keep coming back for more. Value matters, and Hyundai has it in spades.
“Sounds like Honda & Toyota should be very concerned! ” – LOLZ.
Will a diesel find it’s way in one down the road?
This is really great news.
I bet the GOP is just salivating to get this car off the road and force consumers to buy 10MPG gas-guzzlers.