Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » Car Exec Loses Money On Electric Cars, Says ‘I Hope You Don’t Buy It’
buy tb-500
23
May

Car Exec Loses Money On Electric Cars, Says ‘I Hope You Don’t Buy It’

   Posted by: admin   in Automobile, Electric Vehicles, New Automobile Products & Tests

The CEO of Fiat Chrysler said he hopes that people don’t buy his company’s electric car, the Fiat 500e, which he is forced to sell at a loss because of state and federal mandates.

“I hope you don’t buy it because every time I sell one it costs me $14,000,” Sergio Marchionne told the audience at the Brookings Institute during a discussion of the auto bailout.

As head of Fiat in 2009, Marchionne stepped in to help Chrysler through the auto-bailout and out of bankruptcy   …  More

Stoked News

This entry was posted on Friday, May 23rd, 2014 at 1:51 pm and is filed under Automobile, Electric Vehicles, New Automobile Products & Tests. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed at this time.

Back to top