Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Tony Owusu

Fiat Chrysler Reverses Opposition to EVs, to Begin Producing Electric Maserati

Fiat Chrysler Automobile N.V. (FCAU) shares were up slightly in premarket trading after CEO Sergio Marchionne reversed course and announced that the company's premier Maserati brand would begin producing an electric engine model starting in 2019. 

By the next decade, Marchionne said that half of the brand's vehicles will be electric. 

The new comments represent a reversal for Marchionne, who in the past has mocked the demand for electric vehicles, even taking aim at the company's lone existing EV, the Fiat 500e, as a perennial money-loser. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.