- THE MAGAZINE
- WEB EXCLUSIVES
Italy’s Fiat S.p.A., which in July obtained majority ownership of Chrysler, was awarded a minority ownership of Chrysler and became managing partner of the company when Chrysler exited bankruptcy in 2009. Prior to that in January, Fiat obtained an incremental 5-percent stake in Chrysler from the U.S. Department of Treasury in exchange for agreeing to build the fuel-efficient 4-cylinder engines in the U.S. Data from Edmunds.com’s proprietary Days To Turn metric indicate that in July, it took a Fiat 500 about 26 days to be sold once it reached a dealer, but the number has been rising ever since. In October, the DTT figure for the Fiat 500 was 55 days.