Mexican Media Brands
PSA Says Opel EVs Must be Profitable
PSA Group backs the idea of its newly acquired Opel brand becoming a maker of electric cars, but only if doing so is profitable.
#hybrid
Share
PSA Group backs the idea of its newly acquired Opel brand becoming a maker of electric cars, but only if doing so is profitable.
CEO Carlos Tavares tells Bild am Sonntag that PSA will give Opel access to its electrification technologies to develop its own EVs. But he says there would a “big problem” if the EVs that result don’t sell well enough to contribute to Opel’s profitability.
Opel had been developing plans to become an all-electric carmaker before General Motors Co. sold the chronically unprofitable unit to PSA in August, sources to a report in February by Manager Magazin. The company sold modest numbers of Ampera hybrids, a European variant of GM’s Chevrolet Volt hybrid, and Ampera-e all-electric sedans based on the Chevy Bolt EV.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.