Wed 18 Aug 2010
Chrysler ends relationship with battery supplier A123 Systems World Auto News
By kleo. Auto News , Chrysler No Comments
Less than a month before Chrysler was set to be doomed without a rescue by Fiat, the Michigan-based automaker penned a deal with Massachusetts-based A123 systems that aimed to help Chrysler play catch-up in the hybrid and electric vehicle “game.”
Now, after a consider amount of work transpired between the two companies and as the introduction of an all-electric Fiat 500 draws near, the two companies have announced the end to their partnership, according to Bloomberg. Although details are still trickling in, it appears as if A123 systems left the program, citing a “significantly diminished” program – and relationship – after a competing vendor told Chrysler that it was willing to take the business at a lower price, according to A123?s CEO, David Vieau.
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