PSA/Peugeot-Citroen’s move to name former Renault No. 2 Carlos Tavares as its future CEO stands to help secure an alliance with Dongfeng Motor Corp., which may be the carmaker’s last chance to end its reliance on Europe’s slumping car market.
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Carlos Tavares confirmed as next PSA CEO
PSA/Peugeot-Citroen has hired former Renault Chief Operating Officer Carlos Tavares to lead the French manufacturer out of a six-year slump in European demand that has sapped the finances of the region’s second-biggest carmaker.
