Carlos Tavares, PSA Peugeot Citroen’s incoming CEO announced plans to use €5.27 billion ($7.26 billion) in funds from investors to overhaul the automaker’s lineup. The former Renault executive who will take over as CEO of PSA Peugeot Citroen on March 31 said that the French automaker needs to increase R&D funding and focus on the most profitable vehicles. Read more »
