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By Drew Dowdell
PSA CEO Carlos Tavares said on the BFM Business radio station none of the brands would be let go after the merger of PSA and FCA is complete. He said it will be a challenge to manage all of the brands to cover the market, but that he sees "that all these brands, without exception, have one thing in common: they have a fabulous history."
While acknowledging that the combined companies would have a significant number of brands, it would still be lower than the number Volkswagen manages.
The combined companies would field Peugeot, Citroën, DS, Fiat, Opel, Vauxhall, Fiat, Chrysler, Dodge, Jeep, Ram, Alfa-Romeo, Maserati, and Lancia.
Both companies will aim for efficiencies of scale and are are willing to make concessions to the European Union in order to get the okay to merge.
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By Drew Dowdell
PSA CEO Carlos Tavares said on the BFM Business radio station none of the brands would be let go after the merger of PSA and FCA is complete. He said it will be a challenge to manage all of the brands to cover the market, but that he sees "that all these brands, without exception, have one thing in common: they have a fabulous history."
While acknowledging that the combined companies would have a significant number of brands, it would still be lower than the number Volkswagen manages.
The combined companies would field Peugeot, Citroën, DS, Fiat, Opel, Vauxhall, Fiat, Chrysler, Dodge, Jeep, Ram, Alfa-Romeo, Maserati, and Lancia.
Both companies will aim for efficiencies of scale and are are willing to make concessions to the European Union in order to get the okay to merge.
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By Drew Dowdell
GM's Lordstown facility has been sold to startup Lordstown Motors. Lordstown Motors will produce the Workhorse Endurance pickup truck, an all-electric truck, at the site.
The Endurance has all-wheel drive via 4 motors, one for each wheel. It also has outlets to allow for the use of power tools. Workhorse is also in the bidding to make plug-in mail trucks for the U.S. Postal Service. Workhorse has 6,000 orders for a truck based on the W-15 Prototype, and those orders would be moved to Lordstown for production. Workhorse is targeting fleet buyers. With fewer moving parts and lower fuel costs, it could translate to lower cost-to-own for fleet operators.
Lordstown Motors still needs to go through several more rounds of fund raising in order to continue development, conduct safety testing, and retool the plant for production.
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Score! Picked up these two albums at the Goodwill, London cast and American Cast. Grand total $1.26 for both.· 0 replies
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