72294
PSA is considering moving the production of electric vehicle components back to within the company.
PSA is considering moving the production of electric vehicle components back to within the company.

PSA Will Present Opel Plan in November

PSA Will Present Opel Plan in November

PSA Group will present a restructuring plan for its Opel brand in November. CEO Carlos Tavares said PSA will urge Opel to improve its sales to individual customers.
He also said it is hard to decide upon strategy for Opel’s UK sister brand, Vauxhall, given lack of clarity over Brexit, Automotive News Europe reported.
Separately, PSA is considering moving the production of electric vehicle components back to within the company, its strategy head, Patrice Lucas, said,
“We are having some thoughts regarding ‘make or buy’ concerning the electric chain of motors. We will move the components part back to within the company, but not the battery chemicals part,” Lucas said at the Frankfurt auto show on Tuesday.
Frankfurt Motor Show, one of the largest international automotive events, is an ongoing seven-day event held in the central German city. The show started on September 12.
PSA said it aimed to finalize a car financing deal with bank BNP Paribas by the end of the fourth quarter. Earlier this year, BNP Paribas announced the acquisition of Opel/Vauxhall’s financing arm for 900 million euros ($1.1 billion) with PSA.
The acquisition was announced alongside PSA’s agreement to buy Opel from General Motors in a deal valuing the brand at 2.2 billion euros.

Short URL : https://goo.gl/GUprNw
  1. https://goo.gl/VEeqWV
  • https://goo.gl/wZhMVW
  • https://goo.gl/3G2Xiv
  • https://goo.gl/p7defd
  • https://goo.gl/4W1tTL

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus