Fiat-Chrysler Announces Electric Car and Plug-In Hybrid Truck

Tuesday March 23rd, 2010 at 6:33 PM
Posted by: michael.leroy

Fiat 500An electric Fiat 500 and plug-in hybrid Ram are in development

Fiat-Chrysler announced that the company will build an all-electric car based off the Fiat 500 by 2012 and a plug-in hybrid Ram by 2011. The Fiat 500EV was revealed earlier this year at the North American International Auto Show, but details are still scarce on the car. What is known is that the 500EV is co-developed by Chrysler and Fiat. The engineering work will be done at the Chrysler Group headquarters in Auburn Hills, Michigan and not in Italy.

The 500EV will run off a lithium ion battery, but the current range is unknown. It’s possible for the 500EV to have a range of 60-100 miles. Last year a Swedish company named Adapt converted Fiat 500′s to electric. The company claimed an almost 125 mile range for their Fiat 500 conversions. Unfortunately the electric 500′s Adapt produced cost almost $50,000.

Chrysler has said the 500EV will be priced competitively for an electric vehicle of its size. The 500EV will likely be in the same price range as Nissan’s Leaf, which will have similar specs. Pricing will be withheld until the car comes closer to production.

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Auto Bailout Will Cost Taxpayers $30 Billion

Wednesday December 16th, 2009 at 8:1212 AM
Posted by: michael.leroy

GM Chrysler bailout
$30 billion is gone, but it could have been worse

This was a bad year for both the auto industry and the American taxpayer. The Obama administration’s effort to save General Motors and Chrysler will cost taxpayers $30 billion. The Detroit News reported last week that the losses were less than expected. Earlier forecasts projected a loss of $44 billion of the $82 billion loaned-out.

GM received $50 billion of the money, with $43 billion given in exchange for 61 percent of the company.
A large portion of the $30 billion loss is due to Chrysler. Chrysler has had much of its $12 billion debt forgiven. The government is requiring Fiat to pay back $6 billion in loans before it can increase its 20 percent stake in the company, said Detroit News.

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Honda Jumps to #4 in US Auto Sales

Friday December 11th, 2009 at 1:1212 PM
Posted by: michael.leroy

honda fiat chrysler logo
Honda laps a broken down Chrysler to become No. 4 in US auto sales

Honda, the company that got its start selling mopeds, has replaced Fiat-Chrysler as the No. 4 automaker in the US.

If you think Honda gained the No. 4 spot by selling a few extra Civics from the cash for clunkers program, think again. The Japanese automaker has sold over 1 million cars this year and has crushed Fiat-Chrysler with a sales lead of 200,000. Last year, Chrysler outsold Honda by 25,000 cars.

Fiat-Chrysler has insisted that this is just a temporary setback and they will regain lost ground after their new products hit the US market. Honda is going to stay at No. 4 for the time being because it’s going to take years to fix Chrysler.

Sergio Marchionne, the CEO of Fiat-Chrysler, announced last month a five-year plan to restructure the company. Deadweight like the PT Cruiser has been axed, but its replacement may not come until 2012.

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Posted in Chrysler, Fiat, Honda, Press and News |Tags:, , || 2 Comments »




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