Varin’s potential payout of 7.75 million euros over 25 years was called “inappropriate” by the French government given that PSA is cutting more than 10,000 jobs.
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PSA CEO succession seen as key to completing Dongfeng alliance deal
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.
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.
production cuts at two PSA French factories Considered
PSA/Peugeot-Citroen may close an assembly line at its Mulhouse plant in eastern France unless production picks up to more profitable levels.
Spain fourth car incentives program in one year
Spain’s government offered the fourth car incentives program in one year, extending a program to boost sales as the economy tries to emerge from a two-year recession.
