France's PSA Group to offer 40 electric vehicles by 2025

FILE - In this Thursday, Feb. 23, 2017, file photo, the logo of PSA Group is pictured in Paris. The maker of Peugeot and Citroen cars hopes to lay off 1,300 people this year and hire another 1,300 under new labor rules championed by President Emmanuel Macron to give companies more flexibility to hire and fire. SA is among the first big companies to apply the new rules, which came into effect this month. (AP Photo/Christophe Ena, File)

The CEO of France-based automaker PSA Group says it will offer 40 fully electric models across its lineup by 2025 and it plans to sell vehicles in the U.S. within 10 years

DETROIT — The CEO of France-based automaker PSA Group says it will offer 40 electric models across its lineup by 2025, and it plans to sell vehicles in the U.S. within 10 years.

Carlos Tavares told the Automotive News World Congress in Detroit on Wednesday night that PSA already offers mobility services in the U.S. and soon will start car-sharing in some major cities. It will use its experience to learn the market and return to U.S. sales.

Such an approach "will minimize the risk of not understanding what the U.S. consumer is expecting from us," he said.

Tavares wouldn't say exactly when the company that makes Peugeot and Citroen vehicles will come to the U.S. or which brand it will offer.

PSA, which is Europe's No. 2 automaker, completed a $2.5 billion takeover of the Opel and Vauxhall brands from General Motors last year. Tavares said the Opel brand will develop products for the U.S.

The company plans to start meeting with auto dealers in the U.S. this year as it considers how it will distribute its vehicles, Tavares said.

"If you want to be a global player, you have to be there," he told the group.

Tavares said all models from each of PSA's five brands will offer an array of power systems including at least one electric vehicle. It was not clear whether those would be fully electric or gas-electric hybrids.

Related News

UK promises to maintain EU funding for farming, science

Aug 13, 2016

The British government says it will keep paying for European Union-funded agriculture, infrastructure and science projects until 2020, even if Britain leaves the bloc before then

Director: New Mexico spaceport positioned for next frontier

Aug 13, 2016

New Mexico's Spaceport America has hosted nearly 30 vertical rocket launches and its futurist hangar and runway are ready for tourists as all the infrastructure is in place for the next step in the commercial space race

US agency studies how to detect algae bloom outbreaks

Aug 13, 2016

U.S. Geological Survey scientists spent this week studying how nutrient levels contribute to algae bloom outbreaks at two major Utah lakes

Broaden News

About Us

Stillsurge is a home for individuals to find the latest day-to-day Science and Technology news which electrify and empower their knowledge.

Contact us: sales@stillsurge.com