Sergio Marchionne says DO NOT BUY 500e, We loose money!

[G. David Felt]

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.

[ocnblu]

Serge for president!

[G. David Felt]

Serge for president!

What took you so long to respond Ocn, I figured you would be one of the first but almost 24hrs later?

jk

[ocnblu]

Needed to recharge my batteries.

[A Horse With No Name]

On a scale from flaming bag of dog poop to drunken sex with a hot stripper...The Fiat 500 is a case of herpes from a girl you picked up at Wal Mart.

Sergio needs to sell Toasters or sweaters, given how he unleashed this thing on the American public.

[G. David Felt]

Needed to recharge my batteries.

On a scale from flaming bag of dog poop to drunken sex with a hot stripper...The Fiat 500 is a case of herpes from a girl you picked up at Wal Mart.

Sergio needs to sell Toasters or sweaters, given how he unleashed this thing on the American public.

Very true, it is a turd and I worry that the Jeep Renegade will end up the same way.

[A Horse With No Name]

Chrysler is like the girl next door who ends up in bed with losers. First Daimler, then Fiat...perhaps the next round of this gang bang will be Chinese once the Italians are done?