New strategy: Workers install a new Stellantis NV logo banner at the automaker’s technical centre in Velizy-Villacoublay near Paris. Stellantis is going back to the drawing board in China, where Fiat Chrysler and PSA had struggled to make inroads. ─ Bloomberg
LONDON: Stellantis NV boss Carlos Tavares’ public debut as head of the automaker formed from the merger of Fiat Chrysler and PSA Group was a testament to the delicate balancing act he has ahead.
The 62-year-old chief executive fielded one question after another about how the automaker with deep ties in Italy, France and America can possibly preserve jobs, plants and brands while achieving the €5bil (US$6.1bil) of annual synergies promised to investors.
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