By on November 26, 2013

450x222xjpg-3-450x222.jpg.pagespeed.ic.8kqTWHzuOU

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 for PSA: an alliance with Chinese car maker Dongfeng is underway, and Tavares’ predecessor, Philippe Varin, has already completed the difficult task of closing factories and cutting thousands of jobs, a difficult task in a country like France.

Now, Tavares will be tasked with helping PSA turn things around, with a slate of new product, a leaner organization and  reorganized brand structure. Despite Varin laying much of the groundwork for a potentially revitalized PSA, Tavares could end up in the right place at the right time – able to fulfill his dream of running a car company, while presiding over a successful turnaround.

By on May 29, 2013

PSA and partners - Picture courtesy popsop.com

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.
(Read More…)

Recent Comments

  • 96redse5sp: “Genius” Putin had started to make plans to invade Ukraine after they toppled his buddy (and...
  • 96redse5sp: I was thinking Chuck Barris.
  • kjhkjlhkjhkljh kljhjkhjklhkjh: “”We WaNt FrEeDuMb Of ChOiCe!!1111!!!!”” scream the pubes...
  • MRF 95 T-Bird: I have a neighbor who owns a GLA. When it’s idling you can hear the diesel like chatter.
  • Jeff S: I have learned a lot about different cars from Corey’s excellent series. Corey’s writing is a...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber