RSS
Home
Fiat kills Chrysler electric car
Print
Email
RSS
Subscribe
The Chrysler ENVI electric car program, which was put on hold shortly after Fiat offered to buy Chrysler Corporation from Cerberus Capital Management, has officially been killed by Fiat executives.
The original plan, which involved $70 million dollars of government funding, called for the electric vehicles to be sold starting in 2010, a decision which some critics claimed was impossible. These same critics are now claiming that the entire plan was a ruse to garner more government bailout money for green initiatives.
The decision-makers at Fiat have been downplaying the importance of electric vehicles, or EVs, for months, saying that, "Until the (battery) storage gets resolved, I think electric vehicles are going to struggle," one Fiat executive said in a press release.
No announcements have been made about the funding received from the United States government.
Related Articles:
Comments
