Chrysler Shelves Plan to Sell Electric Car in 2010

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scottm
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Chrysler Shelves Plan to Sell Electric Car in 2010

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Chrysler Shelves Plan to Sell Electric Car in 2010
http://www.foxnews.com/story/0,2933,573126,00.html
Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid.

The move by Fiat SpA marks a major reversal for Chrysler, which had used its electric car program as part of the case for a $12.5 billion federal aid package.

As late as August, Chrysler took $70 million in grants from the U.S. Department of Energy to develop a test fleet of 220 hybrid pickup trucks and minivans, vehicles now scrapped in the sweeping turnaround plan for Chrysler announced this week by Fiat CEO Sergio Marchionne.
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