Chrysler announced that Fiat S.p.A.’s ownership interest in the company has increased from 53.3 to 58.5 percent, in accordance to the June 10, 2009 Operating Agreement.
As stipulated by the agreement, Chrysler issued a letter to the U.S. Department of Treasury stating that the company “has irrevocably committed” to begin assembly of a mass-production vehicle with a combined fuel economy of at least 40 mpg in a plant located in the United States.
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