DETROIT — Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025.
Peugeot has "people working on cars now" for the U.S. market, Tavares said.
Tavares used a speech at the Automotive News World Congress in Detroit, a Detroit Auto Show event packed with auto industry executives, to outline an ambitious agenda for pushing his company into the front row of the industry's technology race. He plans to use the 2017 acquisition of GM's European Opel and Vauxhall operations as the springboard for global expansion.
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