Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions

PSA boss Carlos Tavares

“We do not dictate, we do not give guidance, I just ask questions – sometimes meaningful, sometimes stupid.”

(Photo: Reuters)

ParisCarlos Tavares is known as a tough guy. On Thursday at the annual press conference, the head of the auto company PSA (Peugeot, Citroën, Opel) gave even more unforgiving: “We must be Darwinian, because we live in a chaotic world.”

The year 2017 was “hell”, the sales people worked “under hellish conditions”. But with 29 new models have laid the foundation of success: an increase in operating margin to 6.1 percent, Opel locked in. Without Opel however, it was over seven percent: the German-British group hangs like lead on PSA,