Street Diaries

Chrysler said that getting the Fiat brand to the U.S. is taking a little longer than originally planned.

Confirmed today by a board member, automakers Chrysler Group and Fiat SpA are working together to develop an electric car.  This comes not long after former Chrysler CEO Bob Nardelli unveiled several plans for electric and gas efficient vehicles before the company files for bankruptcy protection and was purchased by Fiat SpA.

Lancia and Chrysler, both owned by Fiat-Chrysler, will now share all future models between the two brands, starting with the upcoming Chrysler 300-based flagship which will be re-badged to replace the recently discontinued Lancia Thesis.

Chrysler’s new CEO, and current CEO of Fiat, Sergio Marchionne is stepping down from his position on the board of directors for swiss bank UBS next year, according to reports from the financial institution.