Mexican Media Brands
Marchionne: Don’t Buy Our Electric 500 Minicar!
Fiat Chrysler Automobiles CEO Sergio Marchionne grouses that the company loses $14,000 on every electrified Fiat 500 minicar it sells, Reuters reports.
#hybrid
Share
Fiat Chrysler Automobiles CEO Sergio Marchionne grouses that the company loses $14,000 on every electrified Fiat 500 minicar it sells, Reuters reports.
A piston-powered 500 retails in the U.S. for about $17,300. The 500e electric variant costs $32,700. Marchionne's comment about losses on the latter model suggests the actual cost of the EV is close to $47,000.
A piston-powered 500 retails in the U.S. for about $17,300. The 500e electric variant costs $32,700. Marchionne's comment about losses on the vehicle suggests the actual cost of the EV is close to $47,000.
Like many industry executives, Marchionne prefers regulations that set fuel economy and emission targets but allow manufacturers to decide how to achieve them. He estimates that meeting federal fuel economy standards in 2025 will require at last half of FCA's U.S. sales mix to be hybrids.
RELATED CONTENT
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
-
Report: Old-Line Carmakers Set to Sweep Past Tesla in EV Race
Tesla Inc. will retain its position as the world’s largest maker of electric cars next year but plunge to seventh behind well-established vehicle manufacturers by 2021, predicts PA Consulting Group.