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When was the last time you ever heard the CEO of a major automaker say don't buy our car? Never? Well Fiat Chrysler Automobiles' CEO Sergio Marchionne may be the first one. Reuters reports that Marchionne told an audience at the Brookings Institution in Washington D.C. last week that anyone considering the Fiat 500e should not buy it. "I hope you don't buy it because every time I sell one it costs me $14,000. I'm honest enough to tell you that," said Marchionne. "I will sell the (minimum) of what I need to sell and not one more." So why did FCA build the 500e in the first place then? It comes down to the California Air Resources Board mandate which requires the six automakers selling the most cars in the state to sell vehicles with no tailpipe emissions at all from 2012 through 2017. Vehicles such as the 500e are known as compliance vehicles. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
When was the last time you ever heard the CEO of a major automaker say don't buy our car? Never? Well Fiat Chrysler Automobiles' CEO Sergio Marchionne may be the first one. Reuters reports that Marchionne told an audience at the Brookings Institution in Washington D.C. last week that anyone considering the Fiat 500e should not buy it. "I hope you don't buy it because every time I sell one it costs me $14,000. I'm honest enough to tell you that," said Marchionne. "I will sell the (minimum) of what I need to sell and not one more." So why did FCA build the 500e in the first place then? It comes down to the California Air Resources Board mandate which requires the six automakers selling the most cars in the state to sell vehicles with no tailpipe emissions at all from 2012 through 2017. Vehicles such as the 500e are known as compliance vehicles. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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Reuters reports that the Fiat CEO at a conference on Wednesday was being bluntly honest when he said do not buy the 500e. To quote the CEO; "We loose $14,000 on each 500e we sell." He went on to state that they would sell the minimum required to keep selling their auto's in the US and in states like California. He also went on to say that by 2025 3/4 of the auto's they sell will be Hybrids to meet the Governments mandated MPG fuel requirements. The full story was published here: http://www.reuters.com/article/2014/05/21/chrsyelr-ceo-evs-idUSL1N0O71MS20140521?feedType=RSS This story makes me ask the following question. If people keep saying that Electric Auto's are outselling the early days of Hybrids, then why are there not more electric auto's? We see a growing list of auto's with the option of CNG or Hybrid.
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William Maley Staff Writer - CheersandGears.com July 2, 2013 The California-only Fiat 500e has been a resounding success for the brand. So much so that according to Jason Stoicevich, president and CEO of the Fiat brand in North America says they have sold out the production run of the 500e for the remainder of the year. “We’re pretty much sold out for the year,” said Stoicevich. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
William Maley Staff Writer - CheersandGears.com July 2, 2013 The California-only Fiat 500e has been a resounding success for the brand. So much so that according to Jason Stoicevich, president and CEO of the Fiat brand in North America says they have sold out the production run of the 500e for the remainder of the year. “We’re pretty much sold out for the year,” said Stoicevich. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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By William Maley Staff Writer - CheersandGears.com April 22, 2013 Fiat and Chrysler CEO Sergio Marchionne disclosed during a speech at SAE World Congress in Detroit last week that for every Fiat 500e sold, the company expects to lose around $10,000. “For every 500 electric that we produce even after all the subsidies we will lose about $10,000 bucks a car. Doing that on a large scale would be masochism to the extreme,” Marchionne said. Marchionne disclosed the figure to make a point. He believes that electric vehicles won’t be enough for automakers to meet the new ambitious fuel economy regulations set for 2025 by the U.S. Government. The regulations say automakers have to reach a fleet average of 35.5 MPG by 2016 and then reach an average of 54.5 MPG by 2025. Automakers can earn government credits, which help get an automaker closer to the average, by building hybrids, plug-in hybrids and electric vehicles. Marchionne sees this as a problem since the Government is saying hybrids, plug-in hybrids and electric vehicles are the only solution to this problem. “A number of governments around the world including the U.S. have provided incentives for consumers to purchase plug-in electric vehicles and have provided direct incentives to manufacturers.My fear is that regulators are rushing precipitously into embracing electric vehicles as the only technological solution,” Marchionne said. Instead, Marchionne is urging for “technological neutral” regulation should be encouraged. Source: Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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By William Maley Staff Writer - CheersandGears.com April 22, 2013 Fiat and Chrysler CEO Sergio Marchionne disclosed during a speech at SAE World Congress in Detroit last week that for every Fiat 500e sold, the company expects to lose around $10,000. “For every 500 electric that we produce even after all the subsidies we will lose about $10,000 bucks a car. Doing that on a large scale would be masochism to the extreme,” Marchionne said. Marchionne disclosed the figure to make a point. He believes that electric vehicles won’t be enough for automakers to meet the new ambitious fuel economy regulations set for 2025 by the U.S. Government. The regulations say automakers have to reach a fleet average of 35.5 MPG by 2016 and then reach an average of 54.5 MPG by 2025. Automakers can earn government credits, which help get an automaker closer to the average, by building hybrids, plug-in hybrids and electric vehicles. Marchionne sees this as a problem since the Government is saying hybrids, plug-in hybrids and electric vehicles are the only solution to this problem. “A number of governments around the world including the U.S. have provided incentives for consumers to purchase plug-in electric vehicles and have provided direct incentives to manufacturers.My fear is that regulators are rushing precipitously into embracing electric vehicles as the only technological solution,” Marchionne said. Instead, Marchionne is urging for “technological neutral” regulation should be encouraged. Source: Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
By William Maley Staff Writer - CheersandGears.com April 13, 2013 A new member joins the electric car family this week as Fiat has announced the pricing for their new 2013 Fiat 500e. With a $700 destination charge, the 500e begins at $33,200 in California (the only state where you can buy or lease one). However that price could drop to just a hair over $20,000 thanks to potential $7,500 federal tax credit, a $2,500 tax credit from California (only for the first year), and a number of rebates.Those who would like to lease a 500e can do a 36 month term for $199 per month (after putting $999 down payment). The 500e brings forth a range of 87 miles, and EPA fuel economy estimates of 122 City MPGe/108 Highway MPGe/116 Combined MPGe. The 500e also comes with the 500e Pass program for situations when owners need to travel farther than the EV’s range. Owners can head down to their nearest Enterprise and Alamo Rent-A-Car to pick up certain Chrysler products such as a Fiat 500, Dodge Dart, or Chrysler 200. Fiat says this program will offer owners “up to 12 days of alternative transportation each year for the first three years after the date of purchase.” Source: Fiat William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 FIAT Brand North America Helps Make it Easy for Consumers to Purchase or Lease All- new 2013 Fiat 500e The Fiat 500e launches in California with $199 a month lease payment for 36 months and $999 due at signing Fiat 500e Pass to provide 500e owners with alternative transportation 500e hotlines available in FIAT studios and after hours to access 500e experts FIATUSA.com matches consumers with a Fiat 500 model based on their daily commute Two retail distribution centers in California provide ample product choice and availability FIAT studios in California each equipped with four charging stations Standard navigation system shows driver locations of charging stations Standard smartphone app provides locations of charging stations throughout the state Auburn Hills, Mich. , Apr 13, 2013 - FIAT Brand North America is helping to make it easy for California residents to purchase or lease the all-new 2013 Fiat 500e when the electric vehicle (EV) goes on sale in the Golden State this summer. The FIAT brand's 500e retail plan addresses concerns that have typically prevented some consumers from purchasing or leasing EVs in the past, including initial purchase price, driving range, and the unfamiliarity with charging and operating an EV. "With unique Italian style, industry-best highway MPGe rating and class-leading combined driving range, we know we have a great car in our hands," said Tim Kuniskis Head of FIAT Brand North America. "Now our task is to simplify the customer's experience and make sure that people know how easy and affordable it can be to own our electric Cinquecento." If you thought that purchasing or leasing an EV would come with a hefty premium, think again. The 500e will be offered to California residents at launch with a $199 a month/$999 due at signing lease for 36 months, same as the current lease offer on a Fiat 500 Pop powered by a gas engine. The Fiat 500e is priced at $32,500 dollars MSRP. However, eligible California residents may be able to purchase the 500e for as low as $20,500, after federal credits, state incentives and FIAT rebates are included. That's about $200 less than the current starting price of a comparably-equipped Fiat 500 Lounge with a gas engine. Alternative Transportation Program Environmental Protection Agency (EPA) testing has indicated that, when fully charged, the Fiat 500e will travel about 87 miles, which is best-in-class and better than all U.S.-market all-electric vehicles produced by high-volume manufacturers. For those times when a 500e customer needs to drive beyond the vehicle's range or needs the carrying capability of a larger vehicle, the Fiat 500e retail plan provides an alternative transportation plan called the Fiat 500e Pass program. The FIAT brand and Enterprise Holdings, owner and operator of the Enterprise Rent-A-Car, Alamo Rent A Car, and National Car Rental brands, partnered on the Fiat 500e Pass program, which provides purchasers and lessees of a new 500e up to 12 days of alternate transportation each year for the first three years after the date of purchase. The Fiat 500e Pass program is offered by FIAT exclusively in the U.S. to 500e customers as a standard feature. Through the program 500e customers will have access to vehicles such as the gas- powered Fiat 500, the coming Fiat 500L, the all-new Dodge Dart or the Chrysler 200 mid-size sedan. In addition, customers will have the flexibility to upgrade to a larger vehicle such as a minivan or a pickup truck subject to terms of the program. "This innovative idea from the FIAT brand and Enterprise Holdings will provide purchasers of a new 500e with the opportunity to enjoy the exciting characteristics of this all-electric vehicle while giving them a flexible alternative in case they want to drive beyond the vehicle's range," said Kuniskis. "By addressing upfront the concerns and anxiety consumers may have about purchasing an electric vehicle, we are helping to make it easy and convenient to purchase or lease a Fiat 500e in the state of California." The program will be valid at any Enterprise, Alamo or National car rental location throughout the U.S. Enterprise has more than 6,200 locations in the U.S. making the use of the Fiat 500e Pass easy and convenient for FIAT's customers. When purchasers of a new 500e enroll in the Fiat 500e Pass program, Enterprise will provide them with an account number. For the first three years after purchase, each unique customer account will be allocated enough credits on the anniversary of their purchase date to cover the cost of 12 days of alternate transportation. The Fiat 500e Passes include unlimited mileage on eligible vehicles. The 500e owner only has to choose an eligible vehicle and the expense of the vehicle and the applicable taxes will be covered subject to the terms and conditions of the program. Customers may choose to upgrade to a larger vehicle by utilizing additional credits or by separately paying for the difference. A Fiat 500 that is right for you Recognizing that a fully-electric vehicle may not be practical for everyone, FIATUSA.com is providing a compatibility matching service to help consumers determine which Fiat 500 model is best for them. The website will analyze a customer's daily commute and driving habits and match them with the Fiat 500 model that is right for them. Each FIAT studio in California is equipped to answer any questions that consumers may have about this first fully-electric FIAT production vehicle. In addition to a well-trained sales and service staff, each studio will have a hotline linked to experts ready to answer consumer questions regarding the 500e, including the claim process for federal, state, and local tax credits, and a list of companies in California that offer incentives to their employees who purchase an electric vehicle. A dedicated 500e customer care number will be available for any questions that consumers and owners may have after FIAT studios have closed for the day. Two well-stocked retail distribution centers in California will provide customers with easy access to color and feature combinations that may not be available at their local studio, reducing wait time and the need for specials orders. Customers could have the exact 500e they want within hours, not weeks. Each FIAT studio in California will have four charging stations. When 500e owners leave their studio with their new 500e, they will have the security of a standard navigation system that provides them with locations of the nearest charging stations along their routes. Once they plot their route, the navigation system also depicts their driving range with a circle around their location. In addition to the in-vehicle navigation system, 500e owners also will get a Fiat 500e Smartphone App (compatible with iPhone and Android) that enables real-time vehicle status, manages charging, tracks the driver's energy use, locates the vehicle and nearby charging stations, plans and sends routes to the vehicle and provides text-message alerts. View full article
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By William Maley Staff Writer - CheersandGears.com April 13, 2013 A new member joins the electric car family this week as Fiat has announced the pricing for their new 2013 Fiat 500e. With a $700 destination charge, the 500e begins at $33,200 in California (the only state where you can buy or lease one). However that price could drop to just a hair over $20,000 thanks to potential $7,500 federal tax credit, a $2,500 tax credit from California (only for the first year), and a number of rebates.Those who would like to lease a 500e can do a 36 month term for $199 per month (after putting $999 down payment). The 500e brings forth a range of 87 miles, and EPA fuel economy estimates of 122 City MPGe/108 Highway MPGe/116 Combined MPGe. The 500e also comes with the 500e Pass program for situations when owners need to travel farther than the EV’s range. Owners can head down to their nearest Enterprise and Alamo Rent-A-Car to pick up certain Chrysler products such as a Fiat 500, Dodge Dart, or Chrysler 200. Fiat says this program will offer owners “up to 12 days of alternative transportation each year for the first three years after the date of purchase.” Source: Fiat William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 FIAT Brand North America Helps Make it Easy for Consumers to Purchase or Lease All- new 2013 Fiat 500e The Fiat 500e launches in California with $199 a month lease payment for 36 months and $999 due at signing Fiat 500e Pass to provide 500e owners with alternative transportation 500e hotlines available in FIAT studios and after hours to access 500e experts FIATUSA.com matches consumers with a Fiat 500 model based on their daily commute Two retail distribution centers in California provide ample product choice and availability FIAT studios in California each equipped with four charging stations Standard navigation system shows driver locations of charging stations Standard smartphone app provides locations of charging stations throughout the state Auburn Hills, Mich. , Apr 13, 2013 - FIAT Brand North America is helping to make it easy for California residents to purchase or lease the all-new 2013 Fiat 500e when the electric vehicle (EV) goes on sale in the Golden State this summer. The FIAT brand's 500e retail plan addresses concerns that have typically prevented some consumers from purchasing or leasing EVs in the past, including initial purchase price, driving range, and the unfamiliarity with charging and operating an EV. "With unique Italian style, industry-best highway MPGe rating and class-leading combined driving range, we know we have a great car in our hands," said Tim Kuniskis Head of FIAT Brand North America. "Now our task is to simplify the customer's experience and make sure that people know how easy and affordable it can be to own our electric Cinquecento." If you thought that purchasing or leasing an EV would come with a hefty premium, think again. The 500e will be offered to California residents at launch with a $199 a month/$999 due at signing lease for 36 months, same as the current lease offer on a Fiat 500 Pop powered by a gas engine. The Fiat 500e is priced at $32,500 dollars MSRP. However, eligible California residents may be able to purchase the 500e for as low as $20,500, after federal credits, state incentives and FIAT rebates are included. That's about $200 less than the current starting price of a comparably-equipped Fiat 500 Lounge with a gas engine. Alternative Transportation Program Environmental Protection Agency (EPA) testing has indicated that, when fully charged, the Fiat 500e will travel about 87 miles, which is best-in-class and better than all U.S.-market all-electric vehicles produced by high-volume manufacturers. For those times when a 500e customer needs to drive beyond the vehicle's range or needs the carrying capability of a larger vehicle, the Fiat 500e retail plan provides an alternative transportation plan called the Fiat 500e Pass program. The FIAT brand and Enterprise Holdings, owner and operator of the Enterprise Rent-A-Car, Alamo Rent A Car, and National Car Rental brands, partnered on the Fiat 500e Pass program, which provides purchasers and lessees of a new 500e up to 12 days of alternate transportation each year for the first three years after the date of purchase. The Fiat 500e Pass program is offered by FIAT exclusively in the U.S. to 500e customers as a standard feature. Through the program 500e customers will have access to vehicles such as the gas- powered Fiat 500, the coming Fiat 500L, the all-new Dodge Dart or the Chrysler 200 mid-size sedan. In addition, customers will have the flexibility to upgrade to a larger vehicle such as a minivan or a pickup truck subject to terms of the program. "This innovative idea from the FIAT brand and Enterprise Holdings will provide purchasers of a new 500e with the opportunity to enjoy the exciting characteristics of this all-electric vehicle while giving them a flexible alternative in case they want to drive beyond the vehicle's range," said Kuniskis. "By addressing upfront the concerns and anxiety consumers may have about purchasing an electric vehicle, we are helping to make it easy and convenient to purchase or lease a Fiat 500e in the state of California." The program will be valid at any Enterprise, Alamo or National car rental location throughout the U.S. Enterprise has more than 6,200 locations in the U.S. making the use of the Fiat 500e Pass easy and convenient for FIAT's customers. When purchasers of a new 500e enroll in the Fiat 500e Pass program, Enterprise will provide them with an account number. For the first three years after purchase, each unique customer account will be allocated enough credits on the anniversary of their purchase date to cover the cost of 12 days of alternate transportation. The Fiat 500e Passes include unlimited mileage on eligible vehicles. The 500e owner only has to choose an eligible vehicle and the expense of the vehicle and the applicable taxes will be covered subject to the terms and conditions of the program. Customers may choose to upgrade to a larger vehicle by utilizing additional credits or by separately paying for the difference. A Fiat 500 that is right for you Recognizing that a fully-electric vehicle may not be practical for everyone, FIATUSA.com is providing a compatibility matching service to help consumers determine which Fiat 500 model is best for them. The website will analyze a customer's daily commute and driving habits and match them with the Fiat 500 model that is right for them. Each FIAT studio in California is equipped to answer any questions that consumers may have about this first fully-electric FIAT production vehicle. In addition to a well-trained sales and service staff, each studio will have a hotline linked to experts ready to answer consumer questions regarding the 500e, including the claim process for federal, state, and local tax credits, and a list of companies in California that offer incentives to their employees who purchase an electric vehicle. A dedicated 500e customer care number will be available for any questions that consumers and owners may have after FIAT studios have closed for the day. Two well-stocked retail distribution centers in California will provide customers with easy access to color and feature combinations that may not be available at their local studio, reducing wait time and the need for specials orders. Customers could have the exact 500e they want within hours, not weeks. Each FIAT studio in California will have four charging stations. When 500e owners leave their studio with their new 500e, they will have the security of a standard navigation system that provides them with locations of the nearest charging stations along their routes. Once they plot their route, the navigation system also depicts their driving range with a circle around their location. In addition to the in-vehicle navigation system, 500e owners also will get a Fiat 500e Smartphone App (compatible with iPhone and Android) that enables real-time vehicle status, manages charging, tracks the driver's energy use, locates the vehicle and nearby charging stations, plans and sends routes to the vehicle and provides text-message alerts.
