After separating from Citroen, as an individual brand, DS choose Iran as one of its first target markets. This company expanded its dealerships in Iran but after the ban of vehicle imports, this company faced a huge obstacle.
Evelozcity, an electric car startup based in Los Angeles and formed by ex-Faraday Future staff, announced last week the appointment of Karl-Thomas Neumann as the new head of mobility and European operations.
Registrations advanced to 1.21 million in the European Union and European Free Trade Area from 1.17 million a year earlier, industry association ACEA said in a statement on Thursday.
Opel will reduce the number models it sells to concentrate on high-margin segments and will also develop electric expertise for PSA Group, Frankfurter Allgemeine Zeitung reported.
The recent PSA Group takeover of the Opel and Vauxhall brands has forced the former General Motors (GM) subsidiaries to shelve plans for a flagship SUV, according to a new report out of the UK.
PSA Group put new managers in place at Opel and Vauxhall on Tuesday, completing a 2.2 billion euro ($2.6 billion) takeover which helps the French company to become Europe's second-largest carmaker by sales.