DETROIT - Chrysler LLC is setting up an engineering division to design and build electric and hybrid vehicles, according to Automotive News.

Called ENVI, the division will be at Chrysler's headquarters in suburban Detroit. It will be headed by Lou Rhodes, a Chrysler veteran who has worked in the company's advanced vehicle engineering organization and product design office.

"The creation of ENVI allows us to focus on the development of a new generation of environmentally responsible Chrysler, Jeep and Dodge vehicles," Chrysler CEO Bob Nardelli said in a statement today.

Chrysler says ENVI will be staffed with specialists in engineering, manufacturing, procurement and supply.

Originally posted on Fleet Financials

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