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Deutsche Post Scraps Its Electric Delivery Van Built With Ford
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Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.
The company had suffered “years of losses” from developing and producing the vehicle, Chief Financial Officer Melanie Kreis said on a call with journalists today. Last year alone, the unit racked up a loss of about 100 million euros ($110 million).