Chrysler Withdraws Gov't Loan Ap for Hybrids, Electric Cars
Chrysler said Thursday that it will no longer seek a U.S. Department of Energy loan to fund the development of gas-electric hybrids and electric vehicles.
"The Department of Energy's proposed terms were very restrictive and compliance would have negatively affected our operational flexibility," Chrysler said in a statement.
Chrysler CEO Sergio Marchionne said last April the company needed the loan to be competitive.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus