Ailing car giant Chrysler to launch electric cars in 2010

Ailing car giant Chrysler to launch electric cars in 2010 New York  - Ailing US car manufacturer Chrysler unveiled electric versions of three of its models and said it had lost 400 million dollars so far this year, US business daily the Wall Street Journal reported Wednesday.

Despite cost cuts, Chrysler still was in the red and registered a 1.6-million-dollar loss for 2007, the paper quoted traders present at a Chrysler conference in Auburn Hills, Michigan, as saying.

According to the report, chief executive Robert Nardelli told businessmen that Chrysler had 11 billion dollars in cash.

Chrysler intends to launch one of three electricity-powered models - a Dodge sports car, a Chrysler minivan and a Jeep Wrangler SUV - in the US in 2010.

Daimler sold its majority share in Chrysler to US investor Cerberus in 2007.

Chrysler has since been repeatedly forced to disclaim bankruptcy rumours. (dpa)

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