PARIS, Sept 12 France's PSA will
launch car-sharing services in Los Angeles in partnership with
Bollore Group, CEO Carlos Tavares said on Monday, as
the maker of Peugeot, Citroen and DS cars steps up its
PSA is investing in start-ups and expanding in areas ranging
from vehicle leasing to parts distribution as part of its
turnaround plan after the brush with bankruptcy that led to
Tavares's appointment in 2014.
"We're working with a good number of cities, including LA,
to offer car-sharing solutions with Bollore Group," Tavares said
at a seminar organised by business daily Les Echos, adding that
the company had "other discussions in progress".
Tavares also said that PSA aims to generate 300 million
euros ($337 million) in revenue from its new mobility services
division by 2021.
PSA announced its partnership with Bollore last year. The
French conglomerate already supplies electric car-sharing
services in Paris and other cities and had previously flagged
Los Angeles as a potential location.
($1 = 0.8896 euros)
(Reporting by Laurence Frost and Gilles Guillaume; Editing by