From Breakingviews: Stellantis CEO Carlos Tavares is living up to his reputation, writes LJucca
Given his track record, Tavares’s upgrade should not surprise. Under his watch, PSA’s adjusted operating margin rose to 8.5% in 2019 from 5.9% two years earlier. His ambitions for Stellantis go beyond that.
Yet he now boasts a North American business that delivers consistent double-digit returns. Expected savings of 4 billion euros over four years will give him a further edge. Investors can sit back and enjoy the ride. SocGen revamp starts on right foot
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