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Submission + - Fiat Chrysler CEO: Please don't buy Fiat 500e electric car ( 1

schwit1 writes: The CEO of Fiat Chrysler said he hopes that people don’t buy his company’s electric car, the Fiat 500e, which he is forced to sell at a loss because of state and federal mandates.

“I hope you don’t buy it 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,” said Marchionne.

Fiat Chrysler produces two Fiat 500s. The gas-powered Fiat 500 has a base price of $17,300. The electric Fiat 500e runs $32,650. In his candid remarks, Marchionne blamed regulations set in place in California and by President Obama.

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Fiat Chrysler CEO: Please don't buy Fiat 500e electric car

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"Take that, you hostile sons-of-bitches!" -- James Coburn, in the finale of _The_President's_Analyst_