PSA Group

French group wants to 'swallow' the FCA group or Jaguar Land Rover
Carlos Tavares, who heads the second largest carmaker in Europe, will aim to push the PSA Group even further - which has not only saved bankruptcy, but also put it on a growth path, after having acquired the Opel / Vauxhall brands, in mid-2017, to General Motors (GM).
The excellent results achieved under his leadership will have helped the Portuguese manager carte blanche to move forward with mergers or acquisitions, allowing the group to expand. In statements to the French publication Les Echos, Robert Peugeot - representing the Peugeot family, which owns 12% of PSA shares - has confirmed that Tavares has a green light to move forward.
We have supported the Opel project from the start, "he said, noting that despite that, no one expected the recovery to be" so fast. " That is why the French group does not exclude new purchases or partnerships: "If another opportunity arises, we will not stop. Carlos (Tavares) knows this. " Autonews