Merger with FCA among the best solutions to cope with crisis, says Peugeot CEO

FCA Peugeot

PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]

Emissions fines will create Chinese ‘Trojan Horse’, says Peugeot boss

Images of Peugeot 308

A major European automaker could be brought “to its knees” by carbon dioxide emissions fines, permitting a Chinese purchaser to intervene with its own electric vehicle technology, Peugeot maker PSA Group’s chief executive said. Carlos Tavares, who chairs European auto industry lobby group ACEA, stated that policymakers had failed to expect this outcome of the […]

Opel deal would find ‘speedy’ savings says Tavares

Carlos Tavares

PSA Group’s proposed acquisition of Opel would quickly produce savings and worth from the General Motors European division’s turnaround and complementary brand names, the French automaker’s CEO Carlos Tavares stated on Thursday. Including GM’s German Opel and British Vauxhall brands would bring new consumers hesitant to buy French automobiles, Tavares informed experts and press reporters, […]

Peugeot resumes dividend as profit increases

Peugeot Citroen pictures

PSA Group, the French automaker in talks to purchase Opel from General Motors, revealed its first dividend in six years and raised its medium-term profitability objective on Thursday after full-year revenue nearly doubled. The maker of Peugeot and Citroen vehicles said more stronger pricing, sales of higher-specification models and cost cuts raised the automotive operating […]

PSA CEO Carlos Tavares gives Merkel assurances on Opel jobs

Carlos Tavares

PSA Group’s CEO provided assurances to German Chancellor Angela Merkel in a call that Opel would stay independent in a merged business with PSA as well as gave jobs and investment assurances, the chancellor’s spokesman stated on Tuesday. “PSA Chief Carlos Tavares stressed that both companies would match each other well,” representative Steffen Seibert stated. […]