Three years ago, Fiat CEO Sergio Marchionne predicted the company would lose $10,000 (€7,320 / £5,923) on every 500e they made. Unfortunately, his estimates were a little off as he has revealed the actual figure is $4,000 (€2,928/ £2,369) higher.

Speaking at the Brookings Institution earlier today, Marchionne told the crowd "If you are considering buying a 500e, I hope you don't buy it because every time I sell one it costs me $14,000 (€10,249 / £8,294)."

As a refresher, the 500e has a 24 kWh lithium-ion battery and an electric motor that develops 111 bhp (83 kW) and 147 lb-ft (200 Nm) of torque. It enables the car to hit a top speed of 85 mph (137 km/h) and travel up to 87 miles (140 km) on a single charge.

Gallery: Fiat loses $14,000 on every 500e, Marchionne asks people not to buy one - report

Got a tip for us? Email: