PSA Group spins off electric vehicle operation

PSA Group, parent of Peugeot, Citroen, DS and Opel, has created a new standalone electric-vehicle division as it seeks to catch the Renault-Nissan-Mitsubishi Alliance in the burgeoning e-mobility space. The company wants the spinoff ‘business unit’ to “respond to the challenges of the energy transition and to build an efficient and coherent offering of electric mobility […]