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15Carlos Tavares named CEO of PSA Peugeot Citro├źn

Carlos Tavares is a man of ambition. As well he should be, because you don't get to the top ranks of a major industrial group without it. But as chief operating officer of Renault, there was only so far he could go in the shadow of his boss Carlos Ghosn. So with an eye toward running a major automaker, Tavares left Renault a couple of months ago, expressing his desire to run an automaker like Ford or GM. Now Tavares has gotten what he wanted, but he won't have to move to Detroit to get it. Inste

5PSA Chairman Thierry Peugeot keen on merger

PSA/Peugeot-Citroen incoming CEO Philippe Varin (left) and chairman Thierry Peugeot (right)

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