Iacocca: Plug-in Hybrids are Wave of the Future, Not Hydrogen

Besides commenting on the need for automakers needing help with the financial burden of their healthcare obligations, the former chairman of Chrysler also commented on electric, grid-charged hybrids.

Published: 14-Nov-2007

Lee Iacocca, credited with turning around near-bankrupt Chrysler Corp. in the 1980s, said the newly private U.S. carmaker is "on the right path" with owner Cerberus Capital Management LP.

"They've got real problems yet. It's not solved, but it's looking up," Iacocca, 83, said in an interview late yesterday from his Los Angeles home. Under Robert Nardelli, the current chairman, Chrysler "is on the right path for sure," he said.

Chrysler LLC, the third-largest U.S. automaker, last month secured a four-year contract with union employees that creates a trust to take over the company's retiree health-care obligations in exchange for an $8.8 billion contribution and trims entry- level wages for new workers. The company, passed in the U.S. by Toyota Motor Corp. last year, also is cutting factory jobs and poor-selling models from its lineup to become more competitive.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

The Vue Green Line 2-mode Hybrid SUV will be powered by GM's 3.6L V-6 gas engine, with direct injection and variable valve timing, a nickel-metal hydride battery pack and two active cooled permanent magnet motors.

The vehicle utilizes a hybrid power train based on a 1500cc, 3-cylinder turbo charged diesel engine coupled with two high-efficiency permanent-magnet electric motors.

The driver of the Zytek dual-mode diesel hybrid can choose from standard or high regenerative braking and can also select one of three driving styles: Economy, Drive or Sport.

READER COMMENTS

blog comments powered by Disqus