Chrysler has launched an engineering division charged with developing hybrids and electric vehicles.
Excerpt:
CEO Bob Nardelli has said he wants Chrysler to develop more environmentally friendly vehicles, in part to meet stricter fuel economy rules. The company’s existing lineup is heavily dependent on trucks and SUVs.
Last week Nardelli hired Jim Press, who spearheaded Toyota Motor Corp.’s aggressive hybrid push in the United States.
Read the entire article
here.