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.

Featured Stories

Chrysler

100 years in, Chrysler still striving to innovate

Stellantis design chief Ralph Gilles said the diminished brand is “ripe for a new chapter.”

By:

Vince Bond Jr.

100 years in, Chrysler still striving to innovate

Executives

Trump says relationship over with Elon Musk, warns of ‘serious consequences’ if he funds Democrats

By:

Reuters News

Trump says relationship over with Elon Musk, warns of ‘serious consequences’ if he funds Democrats

Sales

Automakers blame price increases on anything but tariffs

By:

Carly Schaffner

Automakers blame price increases on anything but tariffs

GM promotes Mike Trevorrow to head of global manufacturing

By:

Lindsay VanHulle

GM promotes Mike Trevorrow to head of global manufacturing

Latest News

Auto companies ‘in full panic’ over rare-earths bottleneck

China says EV tariff talks with EU are in final stages

Can Canada’s EV supply chain regain its footing amid tariffs, industry growing pains?

Ram’s NASCAR return will be buoyed by wild marketing push

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Staying current is easy with newsletters delivered straight to your inbox.