Automakers

Tavares: Keeping PSA, FCA merger on track an 'incredible' achievement

"We have had more than 600 people working intensively on this [merger] process since December 2019," PSA CEO Carlos Tavares said. (© Arnd Wiegmann / Reuters/REUTERS)
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December 08, 2020 05:00 AM

PSA Group CEO Carlos Tavares already had a busy 2020 ahead of him when the COVID-19 pandemic hit. He and his teams were preparing for a merger with Fiat Chrysler Automobiles to create Stellantis, the world's fourth-largest automaker by volume, and to roll out a full slate of electrified models to meet the EU's new emissions standards. But Tavares was able to navigate these stormy seas, keeping the merger on track, growing PSA's electrified sales substantially -- and also outperforming rivals by recording an operating profit in the first half despite lockdowns around the world. Tavares spoke with Automotive News Europe Associate Publisher and Editor Luca Ciferri and News Editor Peter Sigal via video chat about how these challenges were overcome and what is ahead for Stellantis.

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