Electric Corsa By 2020
Vauxhall, and sibling Opel, is to debut a next-generation electric Corsa and a plug-in hybrid version of its Grandland X crossover by 2020 under post-takeover plans to bring the company back into profit.
Revealed 100 days after PSA’s acquisition of the carmaker was completed by recently appointed Opel CEO Michael Lohscheller, the PACE! performance plan is intended to secure the future for both brands, bringing them back to profit by 2020 and lowering the financial break-even point to 800,000 vehicles with improved efficiency. The plan is for all plants to remain open – including Ellesmere Port in the UK – and to undergo modernisation and “refrain from forced redundancies”, while there will be combined synergies and and a focus on ‘electrified vehicles’ to turn Opel into a “sustainable, profitable, electrified, and global company”.
Source: Fleetworld Confidential
Added: 9th November 2017