Carlos Tavares CEO of Peugot, Citroen, Vauxhall, Opel and DS brands has stated that the French car making company PSA is coming out with the electric brand for all their products by 2025
He said this on the sidelines during the Detroit Motor Show. The CEO stated in his words that the PSA group would be totally electrified by 2025 which means all their cars would come in hybrids or fully electric.
Europe’s second-biggest car maker had only committed to having electric options on 80 percent of its range by 2023 until now.
Automotive News quoted Tavares as telling the paper’s World Congress that PSA would offer 40 hybrid or fully electric models within seven years.
Tavares also announced that PSA was planning a comeback in the United States after an absence of more than 20 years.
PSA last year took over General Motors’ loss-making Opel and Vauxhall operations, in a 2.2-billion-euro ($2.6-billion) deal aimed at narrowing the gap on German giant Volkswagen in Europe.
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