Carlos Tavares, PSA/Peugeot-Citroen’s incoming CEO, laid out aggressive plans to remake the unprofitable automaker’s model lineup.Tavares, the former Renault executive who will take over as CEO next month, said PSA needs to increase research and development funding and narrow its offerings to focus on the most profitable vehicles.
Category Archives: General Talk
‘Car guy’ Tavares will become PSA chief on March 31
Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA/Peugeot Citroen CEO on March 31, is the right man to lead the automaker — at the right time.Tavares, 55, will take on the CEO role just a couple of days after the French carmaker, China’s Dongfeng Motor Co. and the French government are expected to sign a 3-billion-euro ($4.1 billion) capital tie-up negotiated by Varin.
Rinspeed XchangE autonomous concept based on Tesla Model S
Rinspeed has revealed their wild XchangE concept, which will make its public debut next month at the Geneva Motor Show.
BMW will start building Mini in the Netherlands this summer
BMW said it will build the new Mini in the Netherlands starting this summer in a move to expand production capacity beyond its plant in Oxford, England.BMW said the UK would still be the main manufacturing base for the Mini but said production of the Mini hatchback model would be split between Oxford and a factory in Born, Netherlands run by contract manufacturer VDL Nedcar.
Land Rover Discovery XXV Special Edition celebrates 25 years of Discovery
Land Rover Discovery facelift was unveiled last September and it will be a while before the all-new model comes out.
The iconic Discovery was launched in 1989 and since then over 1 million models have been sold worldwide.
