Chrysler said it’s decided to withdraw its application for an Advanced Technology Vehicles Manufacturing loan from the U.S. Department of Energy. The firm said it “remains confident in its strategy to bring competitive, fuel-efficient vehicles and technologies to market on schedule.”
“Since it was formed in June 2009,” the company said, “Chrysler Group LLC has announced investments of more than $4.5 billion; added more than 9,400 jobs; repaid U.S. Treasury and Canadian government loans in full, with interest, six years early; launched 16 new or significantly refreshed vehicles in our first 19 months; launched production of the all-new C-segment Dodge Dart, which is being built in the U.S. using a Fiat-based architecture and fuel-efficient technology; and in 2011, Chrysler Group U.S. sales increased 26%.”
Chrysler is widely expected to bring natural gas vehicles to the U.S. market soon, starting with CNG pickups.
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