GM's Euro Electric Car PlansBy
With some help from the British taxpayers, General Motors is bullish about the U.K. market for its E-Flex vehicles that can be engineered for electric propulsion or petrol. How many electric cars does GM think it can sell in Europe where petrol is hovering around $10 per U.S. gallon? According to GM’s product boss Bob Lutz, the automaker believes it could move as many as 30,000 units in the first year of availability, with the worldwide figure of one million by 2020.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Producer and DJ Known as Avicii Has Been Found Dead
- Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Wells Fargo's $1 Billion Pact Gives U.S. Power to Fire Managers
- Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
- The U.K. Just Went 55 Hours Without Using Coal for the First Time in History