• Similar Content

    • By William Maley
      If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles.
      Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars.
      "We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne.
      Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains. 
      "So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne.
      Source: The Street

      View full article
    • By William Maley
      If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles.
      Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars.
      "We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne.
      Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains. 
      "So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne.
      Source: The Street
    • By William Maley
      After nearly a year-long hiatus, 2017 Ram 1500s with the EcoDiesel option are beginning to show up on dealer lots. According to Automotive News, some dealers started seeing EcoDiesel models arriving towards the end of last month. Other dealers are still waiting for the EcoDiesel models to show up.
      Back in January, the EPA accused Fiat Chrysler Automobiles of violating emission regulations by failing to disclose eight different software programs used in the EcoDiesel. The agency alleged the software allowed Ram 1500s and Jeep Grand Cherokee EcoDiesels to produce excess pollution. Then in May, the Justice Department filed a civil suit against FCA over the software.
      FCA has been working with the EPA and California Air Resources Board to try and settle this dispute. The company sent new emissions control software that would be used in the 2017 models to the EPA in May. If approved, FCA would install this software on 2014 to 2016 models. In late July, the EPA gave FCA the ok to begin selling Ram 1500s and Grand Cherokee EcoDiesels with the new software.
      It should be noted that FCA began building Ram 1500s with the EcoDiesel back in early July in anticipation of getting the ok. Though it is unclear why FCA waited over two months before shipping them out to dealers.
      But this good news may be short lived. A spokeswoman for the EPA told Automotive News that the 2018 models have yet to be certified.
      Source: Automotive News (Subscription Required)
    • By William Maley
      After nearly a year-long hiatus, 2017 Ram 1500s with the EcoDiesel option are beginning to show up on dealer lots. According to Automotive News, some dealers started seeing EcoDiesel models arriving towards the end of last month. Other dealers are still waiting for the EcoDiesel models to show up.
      Back in January, the EPA accused Fiat Chrysler Automobiles of violating emission regulations by failing to disclose eight different software programs used in the EcoDiesel. The agency alleged the software allowed Ram 1500s and Jeep Grand Cherokee EcoDiesels to produce excess pollution. Then in May, the Justice Department filed a civil suit against FCA over the software.
      FCA has been working with the EPA and California Air Resources Board to try and settle this dispute. The company sent new emissions control software that would be used in the 2017 models to the EPA in May. If approved, FCA would install this software on 2014 to 2016 models. In late July, the EPA gave FCA the ok to begin selling Ram 1500s and Grand Cherokee EcoDiesels with the new software.
      It should be noted that FCA began building Ram 1500s with the EcoDiesel back in early July in anticipation of getting the ok. Though it is unclear why FCA waited over two months before shipping them out to dealers.
      But this good news may be short lived. A spokeswoman for the EPA told Automotive News that the 2018 models have yet to be certified.
      Source: Automotive News (Subscription Required)

      View full article
  • My Clubs

  • Who's Online (See full list)

    There are no registered users currently online