PSA's Tavares sees more auto deals, and some failures, in electric shift

PSA Tavares rtrs 3 web.jpg — PSA is no longer investing in internal combustion engines as Europe and China push for cleaner driving, CEO Carlos Tavares said.

By:

Reuters

November 16, 2020 03:39 PM

PSA Group CEO Carlos Tavares expects more consolidation in the auto industry as automakers invest vast sums to make EVs, he said, while predicting some would not make it through the coming decade.

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