#PeugeotCitroen
PSA Hires Ex-Renault COO Tavares As Next CEO
PSA confirmed that former Renault COO Carlos Tavares will take over the reins starting January 1st. Tavares assumes the role at a fortunate point in time fo…
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French Paper: PSA Low On Cash
PSA Peugeot Citroen told Reuters it is not true that it is low on cash, and that it needs to ask shareholders for an infusion. France’s La Tribune says that Peugeot is looking at a capital raise after burning through 2.5 billion euros ($3.23 billion) of cash in the past year.
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