Fiat pulls the plug on Chrysler’s electric car program DailyFinance

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Chrysler Electric Cars

Fiat pulls the plug on electric car program

Updated Dec 4th 4:32PM

After announcing impressive plans to develop cars earlier this Chrysler has provided few details and now we know why: the company has its crash program to produce running on electrons. Chrysler has backed off a bold January pledge to manufacture 500,000 and plug-in hybrid electric by 2013. Reuters reported the sad late Friday in an interview Fiat CEO Serigo Marchionne .

reportedly aghast at the horrific of its newly acquired U.S. decided to pull the plug on the but exciting effort to add some to Detroit’s also-ran brand. The is another step in Marchionne’s to shake up personnel and organizational at Chrysler. Marchionne declared car sales a disaster in September, to the Daily News in New York.

Chrysler spokespeople have that some electric and vehicle development will at the company. But it appears that has ripped the guts out of the core vehicle programs, says Green Car Advisor blog. notably, Chrysler’s ENVI created in 2007 to build lines of electric vehicles for all Chrysler brands, has been up.

The Dodge Circuit, a hot-little two electric sportster designed to with cars from and Fiskar, has been axed, Greentech Media. Efforts to a fleet of over 100 types of and hybrid cars have halted. So what’s likely to

A few high-efficiency hybrid Fiat and maybe an electric delivery van for the market.

Alas, this is the beginning of what will be a bloodbath in the electric vehicles Battery maker A123 ) could suffer dearly the Chrysler pullback. The battery had inked a deal with in the spring to supply high-capacity for hybrid and electric vehicles. that deal gone, is likely prowling for new customers to the hole.

Many other electric car such as Elon Musk’s Motors. have received loans or subsidies from the government as part of a massive program that doled out billion in grants and loans for makers alone.

Chrysler Electric Cars

At the same the federal government and many have offered generous tax for purchases of hybrid or electric The federal credit can eclipse for the most efficient cars. the stimulus and generous tax credits, will likely diminish as Uncle Sam and the states grapple ongoing fiscal distress from the severity of the recession and the recovery of economic activity.

broadly, there are at present dozens of companies trying to the electric vehicle market, small startups like Fiskar. Coda and giant such as Honda Motors ), General Motors (with its Volt ) and Toyota (TM ). Even startup Reva has made to enter the U.S. electric market. As the history of any maturing shows, the chaos of the early always shakes out.

Dozens of companies produced in the early days of the automotive but only the Big Three (and, to degree, American Motors) the shakeout.

The Fiat decision to its American subsidiary’s electric could signal the industry is already underway. One major is the inability of battery makers to down prices or increase quickly enough to allow the roadster to compete on equal with the gas slurping status To be fair, Marchionne does on making some electric and cars.

But he expects those types of to total less than percent of Fiat’s total runs by 2014, a paltry or so vehicles. In a nutshell, 440,000 cars just died and the will likely continue to

Alex Salkever is Senior at AOL Daily Finance covering and greentech. Follow him on twitter read his articles. or email him at

Chrysler Electric Cars
Chrysler Electric Cars
Chrysler Electric Cars
Chrysler Electric Cars
Chrysler Electric Cars
Chrysler Electric Cars
Chrysler Electric Cars

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