Stellantis sees Q1 2024 drop in revenue, but EV sales were up
Stellantis Q1 2024 revenue fell 12%, but global EV sales were up, and it’s optimistic about growth and profitability in H2 2024.
Expand Expanding CloseStellantis Q1 2024 revenue fell 12%, but global EV sales were up, and it’s optimistic about growth and profitability in H2 2024.
Expand Expanding CloseJust days after revealing the new Chrysler Airflow Concept electric crossover at CES and promising to go 100% electric by 2028, Stellantis began to take steps toward meeting that goal by reducing the engine options for its European Citroën Berlingo, Opel Combo Life, and Peugeot Rifter models down to one. And it’s electric!
Expand Expanding CloseA previously uncertain future for Vauxhall’s Ellesmere Port UK manufacturing factory has found new life in producing battery electric vehicles. This electric conversion comes off a recent announcement from parent company Stellantis promising a £100 million investment with the aid of the British government. By the end of 2022, the revamped factory will produce both passenger and commercial electric vans for Vauxhall, Opel, Citroën, and Peugeot.
Expand Expanding CloseIt’s happened yet again: Another EV sold out before it launched. This time, it’s the upcoming Opel Mokka-e that is sold out in Europe, even though the car won’t hit the road until next March. Opel says they were “totally surprised” by the demand and were expecting a “high-four-digit” number of sales next year.
Opel is not the first company to experience this. GM, Ford, Porsche, VW, and others have all had a hard time meeting initial demand for their vehicles, or sold them out well in advance of launch. So if this keeps happening, what’s it going to take to convince manufacturers that consumers want electric cars?
Expand Expanding CloseAfter unveiling the all-electric version of its highly popular Corsa car earlier this year, Opel has now confirmed that it’s bringing its first own electric car to production in “early 2020.”
Expand
Expanding
Close
Opel has introduced the first all-electric version of its Corsa with the new Corsa-e.
Opel announced its electrification plan last year and it will involve “4 electric vehicles (BEVs and PHEVs) by 2020 and a complete electrification of its lineup by 2024.”
Now they also want to get involved in EV infrastructure as they announce that they want to turn their hometown of Rüsselsheim into ‘Electric City’ with 1,300 charging stations.
Expand
Expanding
Close
Earlier this year, Opel announced plans to build its own electric cars as its Chevy Bolt EV deal with GM isn’t working out.
Now the European automaker is unveiling a stunning new all-electric concept, which the company says ‘stands for electrification of all Opel models by 2024’.
Expand
Expanding
Close
The Chevy Bolt EV came to Europe as the Opel Ampera E around the same time that GM sold its European operation to PSA.
The change affected the rollout of the electric vehicle in Europe, but Opel announced this week that it is bringing an electric Corsa, which is in the same segment as the Ampera E, to market.
Expand
Expanding
Close
Around the time GM sold Opel and all its European operations to the PSA Group, then Opel CEO Karl-Thomas Neumann floated the idea of the brand going all-electric.
Currently, Opel’s only EV is the Chevy Bolt EV, which is sold as the Ampera E, but now the company announces that it is expanding its lineup to have 4 electric vehicles (BEVs and PHEVs) by 2020 and a complete electrification of its lineup by 2024.
Expand
Expanding
Close
Things are moving fast these days at Opel, GM’s European brand. Both GM and the PSA Group, Peugeot-Citroën, have confirmed that they are in talks to further their collaboration and that it could lead to the sale of Opel to PSA.
At the same time, the company’s top management has been working on a strategy to completely transition the brand to only sell all-electric vehicles.
Expand
Expanding
Close
Last week we reported on GM CEO Mary Barra announcing that the company’s European brand Opel will launch a version of the all-electric Bolt in Europe. Now we learn through a report from a German magazine (via Auto News) that the European version of the Bolt, the Opel Ampera-e, will be built alongside the Bolt in the US.
Expand
Expanding
Close
GM Chairman & CEO Mary Barra announced this week that the company’s European brand Opel will launch a version of the all-electric Bolt. The new vehicle will be called ‘Ampera-e’, keeping up with the automaker’s naming scheme since the Volt is called the Ampera in Europe.
Expand
Expanding
Close