Marchionne has failed FCA by largely ignoring the move to electric
Fiat Chrysler CEO Sergio Marchionne has failed FCA and his Ferrari F1 team can't beat Mercedes. Are his days numbered?
Electric cars aren't in the majority (yet), but there's no denying that during the past year, there has been a large surge in popularity. Manufacturers are switching resources from traditional gasoline-powered vehicles in favor of electrifying their fleets, or even completely swearing off gasoline in the name of clean energy. One manufacturer in particular, however, believed that electrification was a bad bet in Q4 2017, but ate its words in Geneva this year, less than six months after folding its proverbial hand.
During the annual Geneva Motor Show, Fiat Chrysler CEO Sergio Marchionne sat down with press during a round table event where he discussed various rumors and aspects of the FCA brands. One particular area which Marchionne addressed was that of electric cars, specifically regarding the company's bet that investing in Chinese-market electrification was a waste of time.
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