Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    2024 Ford Mustang

    June 4, 2023

    Flying automotive startup fizzling in Mich.

    June 4, 2023

    All-Electric Buzz Debut Conjures Up Tales of VW’s Past

    June 3, 2023
    Facebook Twitter Instagram
    • About Us
    • Contact
    • Privacy Policy
    • Disclaimer
    Facebook Twitter Instagram Pinterest VKontakte
    The Auto JournalThe Auto Journal
    • News
    • Car
    • Bike
    • EV
    • Comparisons
    • Reviews
    • Guide
    The Auto JournalThe Auto Journal
    Home » Former Nissan exec Palmer says automaker may have matched Tesla's valuation
    News

    Former Nissan exec Palmer says automaker may have matched Tesla's valuation

    Editor - The Auto JournalBy Editor - The Auto JournalJuly 14, 2022Updated:July 17, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    “For one reason or another Nissan did not remain on the electric track,” Palmer advised the Automotive News Europe Congress right here on Thursday. “If they had, there was a very clear rollout plan for [electric] cars. If they had followed that they could have had a valuation not dissimilar to Tesla.”

    Nissan’s actions have been doubtless a response to the excessive value of the Leaf, Palmer stated.

    Nissan doubtless rolled again its electrical ambitions as a result of concern over whether or not the longer term could be electrical and when electrical vehicles would turn into worthwhile, he stated. “Closing down the electric strategy improved the profitability of the company,” Palmer stated.

    One casualty of not pursuing EVs so strongly was a battery-electric automotive destined for Nissan’s premium model, Infiniti. The mannequin was proven because the LE Concept and based mostly on the Leaf, Palmer stated.

    Palmer steered the event of the unique Leaf throughout his time at Nissan as chief working officer. He left the automaker in 2014.

    The Leaf was developed to counter Toyota’s success with its Prius gasoline-electric automotive, Palmer stated. “Rather than following the hybrid direction we were following EV in terms of technology.”

    Nissan has since switched to Toyota’s monitor with hybrid drivetrains and is about to start out deliveries of the Qashqai E-Power compact SUV.

    The firm’s can be taking orders for its delayed Aryria midsize electrical SUV.

    Source: europe.autonews.com

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHonda Europe Wants Your Vote For The Best Custom Rebel 1100 In 2022
    Next Article All About the Benjamins, Baby: Cadillaq Celestiq Electriq Fastbacq
    Editor - The Auto Journal
    • Website

    Related Posts

    Flying automotive startup fizzling in Mich.

    June 4, 2023
    Read More

    All-Electric Buzz Debut Conjures Up Tales of VW’s Past

    June 3, 2023
    Read More

    New Texas partnership buys Stellantis, GM and Kia dealerships

    June 3, 2023
    Read More

    The Rearview Mirror: America’s Last New Automaker Before Tesla

    June 3, 2023
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    2024 Ford Mustang

    June 4, 2023

    Flying automotive startup fizzling in Mich.

    June 4, 2023

    All-Electric Buzz Debut Conjures Up Tales of VW’s Past

    June 3, 2023

    New Texas partnership buys Stellantis, GM and Kia dealerships

    June 3, 2023
    Top Reviews
    Advertisement
    The Auto Journal
    Facebook Twitter Instagram Pinterest YouTube LinkedIn
    • About Us
    • Contact
    • Privacy Policy
    • Disclaimer
    © 2023 The Auto Journal. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.