Bruce Nunnally Posted May 25, 2014 Report Share Posted May 25, 2014 WASHINGTON (Reuters) -- Fiat Chrysler Automobiles CEO Sergio Marchionne has a request for potential buyers of the automaker's Fiat 500e electric car: Don't buy it. He's tired of losing money. Speaking at a conference earlier this week, Marchionne said Tesla Motors was the only company making money on electric cars and that was because of the higher price for its Model S sedan. Decrying the U.S. 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." Read more: http://www.autonews.com/article/20140524/COPY01/305249994/marchionne-urges-u-s-customers-not-to-buy-the-fiat-500e-ev Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
Cadillac Jim Posted May 26, 2014 Report Share Posted May 26, 2014 PT Barnum one famously said "I don't care what they are saying as long as they are talking about me." By announcing that these cars are being sold below cost, he's telling potential buyers that they are a bargain. Like the Volt. -- Click Here for CaddyInfo page on "How To" Read Your OBD Codes-- Click Here for my personal page to download my OBD code list as an Excel file, plus other Cadillac data -- See my CaddyInfo car blogs: 2011 CTS-V, 1997 ETC Yes, I was Jims_97_ETC before I changed cars. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.