Bold moves, positive results highlight Tavares' 1st year as PSA boss

Two symbolic events epitomize how PSA/Peugeot Citroen CEO Carlos Tavares has put Europe’s second-largest automaker back on track a year after it needed a 3 billion euro bailout to survive Europe’s long economic slump. One event shows that Tavares is a skilled financial strategist and the other highlights that he is fearless when it comes to slashing the automaker’s fixed costs.