How important is the forthcoming 2013 Dodge Dart to the future of Chrysler? Well, it allowed Fiat to boost its stake in Chrysler for the fifth time in the past year today, adding five percent to bring Fiat's total ownership to 58.5 percent.
Fiat Chrysler Partnership
Anyone that's ever tried to get divergent computer systems to play nice knows that it's not a trivial matter. And when two automakers come together, getting everyone on the same page is both enormously difficult and critically important if the enterprise is to succeed. Chrysler is all too familiar with lackluster enterprises thanks to failed marriage to Daimler, and with it's recent Italian tie-up, the (software) language barrier could cause some problems.
Fiat's MultiAir technology is quite the breakthrough, even though few stories point out just how remarkable this technology really is. Let's see here: there's a 20 to 30 percent increase in fuel economy on top of a 10 percent increase in power and no downsides like turbo lag, huge cost increases or insanely expensive after-treatments. Sounds like a breakthrough worthy of recognition to us. We're geeked to find out that the MultiAir technology will make its way over to Chrysler engines, too.
President Obama has just concluded a televised press conference where he announced that Chrysler will indeed head into Chapter 11 bankruptcy proceedings almost immediately. As part of the same announcement, he noted that the Auburn Hills automaker has reached terms with Fiat and will be headed into a partnership agreement that will include a cash infusion and technology transfers. By some estimates, the restructuring is expected to take 30-to-60 days.