THE WEEK THAT WAS: Carlos sharpens the pruning knife

Stay connected Subscribe to our RSS feed

PSA's Carlos Tavares wasted little time getting his feet under the CEO's table before announcing he was getting the pruning knife out to hack away at the fiendishly complicated global Citroen and Peugeot product lines, all in pursuit of a 2% operating margin by 2018 with a longer-term target of 5%.