Deals
Fiat Turns to Natural Gas as Toyota, GM Go Electric
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As Sergio Marchionne brings back Fiat SpA to the U.S. after nearly three decades, he may add another Italian speciality: the natural gas engine.
Marchionne, who is chief executive officer of Fiat and Chrysler Group LLC, says natural gas engines offer a better way to cut emissions because they’re cheaper than competing technologies. He also argues electric cars, which General Motors Co. and Toyota Motor Corp. are betting on, present “too many obstacles” such as the recharge time for batteries.