Thomson ReutersMay 23, 2013 12:31
By Deepa Seetharaman
DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups.
The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has "strong interests" in the areas of clean energy, medical, healthcare, transportation and information applications.