Tavares 'starting to deliver' on PSA turnaround plan

Carlos Tavares became PSA CEO soon after the company was rescued by the sale of stakes to China's Dongfeng Motors and the French government. His turnaround plan focuses on improving cash flows, reducing high inventories and axing unprofitable cars.

February 15, 2015 05:00 AM

Nearly 12 months after PSA/Peugeot-Citroen was rescued from financial disaster, CEO Carlos Tavares is on track to turn around the troubled automaker, industry watchers say.

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