Automobiles

"No, We Just Meant Electric Cars Were Vital to Our Future in that You Wouldn't Give Us $12 Billion Unless We Promised Them"

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We should just be happy that the government isn't forcing them to–yet–but Chrysler pulls a switcheroo on its previous promises proferred to pull plenty of public pennies, as summed up by USA Today:

If you believed all the talk from Chrysler about how our tax dollars would help finance its fast-track electric-vehicle future, you're in for a big disappointment.

Chrysler has disbanded the engineering team that was trying to bring three electric models to market as a rush job, Automotive News reports today. Chrysler cited its devotion to electric vehicles as one of the key reasons why the Obama administration and Congress needed to give it $12.5 billion in bailout money, the News points out.

Reason magazine's August/September cover story on why the auto bailout was "Illegal. Illiberal. Ill-fated."

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