The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
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FCA passenger cars to move to PSA platforms
FCA passenger cars to move to PSA platforms
TURIN – In outlining the industrial side of their merger, PSA Group and Fiat Chrysler Automobiles said that more than two-thirds of their production would be concentrated on just two platforms, with 3 million cars per year on a compact/midsize platform and 2.6 million on a small platform.
The smaller platform will be PSA’s CMP architecture and larger cars will be on the group’s EMP2, industry sources told Automotive News Europe. Ram pickups and larger Jeep models will continue to use FCA underpinnings.
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