Stellantis CEO Sees Fiat-PSA Merger Shielding Brands, Jobs
- Savings from joining forces will protect plants, Tavares says
- Carmaker will rip up script in China to achieve better results
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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 Tuesday about how the automaker with deep ties in Italy, France and America can possibly preserve jobs, plants and brands while achieving the 5 billion euros ($6.1 billion) of annual synergies promised to investors.