Carlos Tavares

PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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DOUGLAS A. BOLDUC

BLOG: Tough times for Carlos Ghosn

4:49 am U.S. ET | Sept. 2, 2014

Renault-Nissan CEO Carlos Ghosn has had three highly skilled leaders leave the alliance since last August. Nissan Chief Planning Officer Andy Palmer is the latest top-ranked executive to depart....
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DOUGLAS A. BOLDUC

BLOG: Tough times for Carlos Ghosn

4:49 am U.S. ET | Sept. 2, 2014

Renault-Nissan CEO Carlos Ghosn has had three highly skilled leaders leave the alliance since last August. Nissan Chief Planning Officer Andy Palmer is the latest top-ranked executive to depart....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET

Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
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Peugeot edges closer to rejoining key stock index

Aug. 13, 2014 13:10 CET

Peugeot, whose losses led to a government bailout earlier this year, may already be close to an important recovery milestone: a return to France's benchmark stock index....
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BRUCE GAIN

BLOG: PSA may be better off without Thierry Peugeot

12:01 am U.S. ET | July 11, 2014

PSA/Peugeot-Citroen's future could be brighter following former chairman Thierry Peugeot's departure from the automaker's board....
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Peugeot will drop 807 minivan as Tavares begins model cull

June 26, 2014 06:01 CET

PSA/Peugeot-Citroen will stop selling the Peugeot 807 minivan as part of plans by CEO Carlos Tavares to eliminate unprofitable models from the automaker's product lineup....
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PSA seeks 500 job cuts at French plant

June 25, 2014 16:27 CET

PSA will offer workers at its plant in Rennes, France, early retirement benefits to reduce headcount at the site by about 10 percent. PSA builds the Peugeot 508 and Citroen C5 in Rennes....
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BRUCE GAIN

BLOG: At PSA, Tavares echoes Renault's management template

12:01 am U.S. ET | June 24, 2014

PSA/Peugeot-Citroen CEO Carlos Tavares's new executive committee structure is very much like the one he left behind at Renault when he was Carlos Ghosn's No. 2....
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Citroen's move down-market key part of PSA's turnaround plan

June 22, 2014 12:11 CET

Citroen's C4 Cactus is more than just another compact car. It's a manifesto on wheels for the brand's move down-market as parent PSA struggles to return to profit....
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Tavares names Europe chief, reshuffles top jobs at PSA

June 18, 2014 11:23 CET

PSA CEO Carlos Tavares has appointed a boss for the company's European operations and recruited a former top Renault executive to head manufacturing in his latest management changes at the automaker....
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PSA will defend position as No. 2 carmaker in Europe, Tavares says

12:01 am U.S. ET | June 9, 2014

PSA Peugeot Citroen will defend its position as Europe's No. 2 carmaker after Volkswagen Group, CEO Carlos Tavares said at last week's Automotive News Europe Congress. "We want to keep a strong No. 2 position in Europe."...
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2014 AUTOMOTIVE NEWS EUROPE CONGRESS

PSA will defend its position as Europe's No. 2 carmaker, Tavares says

June 5, 2014 11:01 CET

PSA aims to maintain its No. 2 position in Europe after VW Group, CEO Carlos Tavares said at the Automotive News Europe Congress. But to ensure that, the CEO must bring the automaker back to profit after years of losses....
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2014 AUTOMOTIVE NEWS EUROPE CONGRESS

Renault committed to expanding upscale offerings with Initiale Paris, CFO says

June 4, 2014 16:58 CET

Renault is committed to expanding its upscale offerings with its Initiale Paris badge, Dominique Thormann, the carmaker's Chief Financial Officer, said at the Automotive News Europe Congress....
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