With a track record of streamlining Peugeot’s portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France’s most profitable carmaker with Fiat Chrysler (FCA). FCA, which is merging with Peugeot owner PSA in a $50 billion combination, has so far failed to reach sustainable profitability for its small passenger car business in Europe, something which Tavares found a successful formula for at Opel and Peugeot, which are both heavily exposed to the segment. Before Tavares took on Peugeot in 2014 it was loss-making, requiring a capital injection from the …read more
Source:: Yahoo Finance
