Fleet News

Group rules out production of hybrid vehicles

EUROPE'S second largest car maker has no intention of producing hybrid models for the foreseeable future. Instead, PSA Peugeot Citroen will focus on building 'more realistic' products, vice-president Gilles Michel said.

Asked if the group planned to compete with Japanese manufacturers by launching petrol-electric cars, Michel said: 'We don't have a plan to make a full hybrid available.

'We have looked at these technologies and their potential, but our vision is for our products to take a more realistic approach.

'We think there is no technological solution at present that makes the hybrid a viable and economic proposal. Building a prototype hybrid is 100 times more expensive than a current car and we believe the cost of producing a hybrid is still more than 10 times greater. Other companies may make a different choice, but PSA is not in the business of subsidising technological innovation.'

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