Chrysler/Fiat’s CEO: Please don’t buy Fiat 500e electric car

It seems Sergio Marchionne either didn’t get the memo, or won’t play along. He’s right up there explaining that his company loses $14,000 on each electric 500e they sell

Reuters:

Speaking at a conference in Washington on Wednesday, Marchionne said Tesla Motors Inc was the only company making money on electric cars and that was because of the higher price point for its Model S sedan. Decrying the federal and state mandates that push manufacturers to build electric cars, Marchionne said he hoped to sell the minimum number of 500e cars possible.

“I hope you don’t buy it because every time I sell one it costs me $14,000,” he said to the audience at the Brookings Institution about the 500e. “I’m honest enough to tell you that.”

- he doesn’t go into the carbon credits deal which is a key part of Tesla’s income stream, but no one ever talks about that…
rest: http://www.reuters.com/article/2014/05/21/chrsyelr-ceo-evs-idUSL1N0O71MS20140521

 

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3 responses to “Chrysler/Fiat’s CEO: Please don’t buy Fiat 500e electric car

  1. toolpusher3300

    “Carbon credits” is just shorthand for “taxpayer subsidy” without which few would purchase an electric car with limited utility.

  2. … but it’s paid in taxpayer dollars, without which the 500e would cost ~$15,000 more. The buyer will pay that difference… or not.

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