The flagship division of its revamp, electric vehicle and software entity Ampere, was being prepared for an initial public offering on the Euronext Paris in the latter half of next year at the earliest, it said.
The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes on the continent. The groups will share the division to design, develop, produce and sell components and systems for hybrid and internal-combustion vehicles, employing 19,000 people across Europe, China and South America.
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Question is though are we retiring the complete combustion engine world totally ?