PSA CEO Tavares eager to get started with Opel turnaround

Tavares: "It makes sense for the PSA Group to have two legs: A cutting-edge, efficient carmaker from one side, a preferred mobility supplier from the other."

PS

By:

Peter Sigal

January 02, 2018 05:00 AM

It has been an eventful year for PSA CEO Carlos Tavares. After guiding the French automaker to an industry-leading automotive profit margin in 2016, Tavares agreed to buy Opel and Vauxhall, General Motors' money-losing European brands. The 2.2 billion euro deal vaulted PSA into second place by volume among European automakers, behind Volkswagen Group.

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