Despite still being in bankruptcy court, Chrysler announced yesterday that it has submitted three proposals to the U.S. Department of Energy that outlines a $448 million plan to “rapidly bring” electric-vehicles and plug-in hybrids to the market.
The plan represents a 50/50 cost-share opportunity where Chrysler LLC and its partners (meaning Fiat SpA) will invest $224 million combined with a DOE matching that with the same number.
“If approved, Chrysler LLC plans to use funds to build a demonstration fleet of PHEVs...
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