Chrysler Will Take Losses on Electric Cars Says CEO

Chrysler Group stands to lose $10,000 on every battery-powered Fiat 500 it sells in California, CEO Sergio Marchionne said Thursday.

Marchionne said Chrysler's new Fiat 500e gets the equivalent of 108 miles (174 kilometers) per gallon and will go 87 miles on a single charge.

Industry Week reported that the true cost of the car leaves the automaker with a steep loss on every sale, Marchionne noted during a speech at the Society of Automotive Engineers annual banquet....(Read more...)