December 6, 2010
Fiat Banking on Natural Gas Engines in the US, Thinks Hybrids and EVs Present Too Many Obstacles
Fiat’s comeback to the U.S. with the 500 is just the first piece of a larger puzzle. The company’s CEO, Sergio Marchionne, may give the green light for natural gas-powered cars to be sold in the Land of the Free, as they offer a cheaper way to cut emissions. In an interview with Bloomberg News, Mr. Marchionne noted that electric cars, favored by GM and Toyota, present “too many obstacles” with long recharge time for batteries being one of them. Read more »