Carlos Tavares

PSA's blue-chip index comeback may spur recovery

March 6, 2015 10:40 CET

PSA will return to France's benchmark CAC-40 index, stock market operator Euronext said, delivering a likely boost to the carmaker as it emerges from a prolonged European sales slump and bailout....
Read More »

NEWS ANALYSIS

Tavares 'starting to deliver' on PSA turnaround plan

Feb. 15, 2015 08:41 CET

Nearly 12 months after PSA/Peugeot-Citroen was rescued from financial disaster by the sale of stakes to China's Dongfeng and the French state, CEO Carlos Tavares is on track to turn around the troubled automaker, industry watchers say. PSA, which presents its 2014 financial results this week, has been boosted by surging sales in China, a recovery in Europe and the first results of Tavares' “Back in the Race” strategic plan....
Read More »

PSA's China sales boom may mark industry shift in favor of mass-market carmakers

Jan. 14, 2015 11:45 CET

PSA/Peugeot-Citroen's 32 percent increase in China vehicle sales last year, almost double the 17 percent BMW achieved, may mark an industry shift in favor of mass-market carmakers over premium brands in a cooling market....
Read More »

PSA may take low-cost step with Moroccan outsourcing

Nov. 6, 2014 15:36 CET

PSA will open an engineering center in Morocco and may build cars in the country as part of CEO Carlos Tavares' plan to reduce costs and return the automaker to profit, sources said....
Read More »

Mahindra will buy 51% stake in PSA's money-losing scooter unit

Oct. 7, 2014 10:38 CET

Mahindra & Mahindra will buy a majority stake in PSA/Peugeot-Citroen's money-losing scooter unit, giving the Indian tractor and SUV maker access to European technology....
Read More »

BRUCE GAIN

BLOG: Tavares brings PSA back in the race

5:56 am U.S. ET | Oct. 3, 2014

PSA CEO Carlos Tavares is already achieving positive results with his turnaround plan at the money-losing automaker. So much so, that one analyst believes the operating targets Tavares has set for the automaker to hit by 2018 are way too conservative....
Read More »

PSA's Tavares keeps door open to partnerships

Oct. 1, 2014 16:42 CET

PSA CEO Carlos Tavares says the carmaker is open to potential partnerships but must first complete its restructuring. In July, PSA reported a surprise surge in first-half cash flow and the first auto-division profit in three years....
Read More »

DOUGLAS A. BOLDUC

BLOG: Tavares, Palmer, Gales ready to shine in new CEO roles

2:00 am U.S. ET | Sept. 30, 2014

A year ago Carlos Tavares was unemployed, Andy Palmer was Nissan's planning chief and Jean-Marc Gales was leading supplier group CLEPA. All three are now CEOs ready to stand in the spotlight at the Paris auto show this week....
Read More »

DOUGLAS A. BOLDUC

BLOG: Tavares, Palmer, Gales ready to shine in new CEO roles

2:00 am U.S. ET | Sept. 30, 2014

A year ago Carlos Tavares was unemployed, Andy Palmer was Nissan's planning chief and Jean-Marc Gales was leading supplier group CLEPA. All three are now CEOs ready to stand in the spotlight at the Paris auto show this week....
Read More »

Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET

Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business....
Read More »

Ghosn defectors mount as Nissan's Palmer joins Aston Martin

Sept. 3, 2014 10:18 CET

Nissan's loss of Chief Planning Officer Andy Palmer to Aston Martin is fueling concern that the talent pool surrounding CEO Carlos Ghosn is drying up....
Read More »

Automotive News Cover
News by Brand