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Fiat CEO: “Don’t Buy Our Electric Cars”
I wasn't sure if I should post this here or in the "Lounge", it's political in nature so here it is:

Quote:“I hope you don’t buy [the Fiat 500e] because every time I sell one it costs me $14,000,” Sergio Marchionne told the audience at the Brookings Institute during a discussion of the auto bailout. . . .

“I’m honest enough to tell you that I will make the car, I’ll make it available which is my requirement but I will sell the limit of what I need to sell and not one more. . . . Because of California and there’s mandates which keep on moving the impositions back on car makers to produce cars that are zero-emission vehicles. . . . The other one is because of the initiative that was put in place by Obama back in 2011 with the new emission rules which are effectively binding the industry until 2025.”

Quote:Let me also point out something about these “zero emission” vehicles. They aren’t actually zero emission. The fact is that they require electricity, and electricity is produced largely by what means? That’s right—fossil fuels. So even though all the happy drivers of the Fiat 500e probably feel really good about their carbon emission foot-binding, at the end of the day, they aren’t the change they think they are. Not until electric power companies change their methods of generating electricity.
There are three types of people in the world:
Those who make things happen,
Those who watch things happen,
And those who wonder what happened.
OK, I won't. Big Grin
-JD-, proud to be a member of since Sep 2012.
At least this guy has the balls to be honest about it.
das, proud to be a member of since Sep 2012.

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