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Fiat Chrysler will spend 10 billion on greener cars

Home / Automotive News / Fiat Chrysler will spend 10 billion on greener cars

Fiat Chrysler Automobiles are hoping to spend 9 billion euros, or 20 percent, of its total budget for capital expenditures through 2022 on developing electrified vehicles to comply with new emission standards in order to catch up with the rest of the market for gas-electric hybrids and full electric vehicles.

Its product mix and strategy will vary from market to market. It has been said that on this coming Friday, a new 5 year business plan will bring electric-vehicles to showrooms in 2020, including brands like Jeep, Maserati and Fiat 500.

As you may know, reducing dependence on oil is one of the greeted challenges society is and has been facing over the past couple of years. Some strategies have been put in place to prompt a use in smaller engines, mild Hybridge, plug-in hybrids and full-electric vehicles.

At relevant associations, it was said that they believe there is no single solution and no magic formula to solve the oil/diesel problem. But they do believe there is a quantum leap, the entire system — political, economic and industrial, that needs to work alongside the right balance of finding the adequate balance between consumption levels, cost and efficiency.

Currently, Jeep are on target for selling roughly 1.9 million cars a year, Alfa-Romeo are building sales to £440,000 per annum, and Maserati are almost doubling their sales of 100,000 last annum!

If you want to work for the likes of Fiat, Jeep, Alfa-Romeo and Maserati, send your C.V to info@jgauk.com to register your interest or call us here directly on – 01904 628 077.

(source information: europe.autonews.com | www.winnipegfreepress.com | www.msn.com)