Peugeot CEO Tavares- China strategy needs rethink

FILE PHOTO: Carlos Tavares, chief executive officer of PSA Group, speaks during the annual results news conference at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier

RUEIL-MALMAISON, France – On Friday, Peugeot boss Carlos Tavares announced that PSA and Fiat Chrysler (FCA) might have to relook at their China strategy after shutting down the merger between the two groups.

Tavares stated that they are in China to stay and emphasized the need for a formula in order to succeed.

PSA China car sales dropped over recent years.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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