OTCPK:KATFF - Post by User
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topdopon Nov 04, 2019 1:13pm
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Post# 30306206
PSA & Fiat: Planned EV Investment & Growth
PSA & Fiat: Planned EV Investment & Growth
Last week's announcement of a 50-50 merger between PSA & Fiat could create the worlds largest automaker, producing about 9m vehicles per year.
Prospective CEO, Carlos Tavares is thought to be eager to develop the new alliances output of EV's.
The merged company is planning on spending +$10bn producing all-electric versions of it's successful small car platforms & popular mid-size Jeep brand SUVs.
Tavares said in an interview at the Frankfurt Auto Show that he is willing to fight for EVs, and will launch a blitz of EVs over the next five years.