TECH - Nissan Walks Its EV Talk | Benzinga
Until recently, Tesla Inc (NASDAQ: TSLA) rivals were mostly all about the EV talk, but Nissan Motor Co Ltd (OTC: NSANY) is among the first to walk its EV talk. Nissan CEO Mokoto Uchida made an official statement on September 25th, in which the automaker committed to all-electric vehicles in Europe by the end of the decade. Also on September 25th, Nissan celebrated the 20th anniversary of its Nissan Design Europe studio in London and unveiled its all-new sporty urban electric concept car for the occasion, named Nissan Concept 20-23.
Automakers Are Still Do Walk Their Talk
General Motors (NYSE: GM) CEO Mary Barra also committed to phase out all internal combustion engines by 2035 but the undergoing strike will undoubtedly complicate things. Back during the fourth quarter of fiscal 2019, General Motors took a $3.6 billion hit, its bottom line that is, from the 40-day UAW strike. The industrial action is a major setback for GM who is trying to capitalize on demand. But additionally, adhering to UAW’s terms could jeopardize its EV cost structure where GM is already at a disadvantage ...