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’

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

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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.

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