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Chrysler Bails on Electric Cars

Posted by: Tim Halbur

10 November 2009 - 5:00am

Despite taking billions in stimulus funds with the promise of forging ahead on electric vehicles, Chrysler has dissolved the engineering team working on their three proposed electric offerings.

USA Today reports that the abrupt change of direction came directly from Fiat, which bought Chrysler earlier this year.

"At a marathon presentation of Chrysler's five-year strategy, CEO Sergio Marchionne talked about just about everything on Chrysler's plate last week except its earlier electric-car plans. With the group's disbanding, Chrysler's electric plans will be melded into Fiats. Marchionne is apparently no fan of electric power"

Full Story: Chrysler drops three electric vehicles despite having touted them to get billions in government bailout cash
Source: USA Today, November 9, 2009
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Cars, I've come to believe, operate in two economies -- the cash economy, where you pay for them in dollars, and the gift economy, where you pay for them in favors -- basically, rides exchanged.
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