Former Opel head advises carmakers to spin off electric mobility
German carmakers are ill-prepared for the shift to electric mobility, according to Karl-Thomas Neumann, former head of German carmaker Opel, which used to be a GM subsidiary and is now part of French PSA Group which also makes Citroen and Peugeot cars. Neumann said the companies should spin off e-mobility businesses into new brands because managers could not run old businesses efficiently while also focusing on new units effectively dedicated to destroying the old business. Neumann now works for Californian EV start-up Evelozcity.
Read the article in German here.
For background, read the dossier BMW, Daimler, and VW vow to fight in green transport revolution.