MARCHIONNE: Do not buy Fiat 500E

(Photo: Aleksandar Parezanović)

Fiat Chrysler Automobiles CEO Sergio Marchionne has a request for potential buyers of the automaker's Fiat 500e electric car: Don't buy it, the web portal SEEbiz cited Reuters as reporting.

Marchionne revealed that his company was making losses by selling this model of electric car.

- I hope you don't buy it because every time I sell one it costs me $14,000. I'm honest enough to tell you that - he said.

He pointed out Tesla Motors was the only company making money on electric cars and that was because of the higher price for its Model S sedan.

Marchionne said for the company in 2025 to maintain the same type of U.S. sales mix it has now, hybrid vehicles that are powered by both gasoline and electric engines will make up more than half if not close to three-quarters of sales.

Fiat 500e starts at USD 32,650 in the USA before federal tax credits. Standard Fiat 500 can be bought at as low as USD 16,195.