Tag Archives: carlos tavares

Stellantis Reports Legacy FCA, PSA 2020 Financial Results

Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading

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Stellantis – a Mega Merger of Auto Companies Names Execs

Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading

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Meeting: IG Metall, Opel Works Council, PSA Group on GM Selling Opel/Vauxhall

There is, of course, a large amount of ceremonial ritual about takeovers. The acquired are treated differently once they are in the harem. Remember the merger of equals between Chrysler and Daimler, when Daimler basically took over the company and stripping assets on the way. Beijing Jeep in the world’s largest car market is now building Mercedes-Benz models. Continue reading

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Tavares Replaces Pélata as COO of Renault as Fallout from Spy Case that Embarrassed French Government Continues

Renault announced yesterday in Paris that Carlos Tavares is its new chief operating officer, replacing Patrick Pélata. It was the latest development in an industrial espionage case that embarrassed the French government and saw the firings of Remy Pagnie, Director of Group Security, as well as his two co-workers, Dominique Gevrey and Marc Tixador. Continue reading

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Nissan Americas Appoints Former GM Engineer to Head Research & Development, Replacing Japanese Executive

Nissan Americas today announced the appointment of Carla Bailo, 50, as senior vice president, Research & Development-Nissan Americas, effective April 1. Bailo succeeds Motohiro Matsumura, currently president, Nissan Technical Center North America (NTCNA), who will be returning to Nissan Motor Company in Japan to an as yet unnamed position. Continue reading

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Construction of Nissan Leaf Electric Vehicle Battery Plant in Tennessee Well Underway

Construction is progressing on Nissan’s manufacturing facility in Smyrna, Tennessee, which will produce lithium-ion batteries for the Leaf electric vehicle. Continue reading

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