Peugeot’s boss, Carlos Tavares, plans a merger with Fiat Chrysler

IN 2013 TWO Carloses sat atop the Renault-Nissan alliance. One was Carlos Ghosn, the Brazilian-born architect of the Franco-Japanese carmaking colossus. His protégé was Carlos Tavares, the Portuguese chief operating officer of Renault, who made sure that good cars rolled off the production line. But Mr Tavares, an engineer and racing driver, was not content trailing the fast-living Mr Ghosn. As he revealed in an interview that year, his ambition was to lead a big car company, such as General Motors. Mr Ghosn was horrified. Shortly afterwards, Mr Tavares quit Renault. A few months later he was boss of PSA Group, maker of Peugeot and Citroën, Renault’s domestic rival. It was the start of a series of manoeuvres that have now made him the talk of the car industry, much like Mr Ghosn before and after his arrest in Japan last year on charges of financial misconduct (which Mr Ghosn denies).

On October 30th the boards of PSA and Fiat Chrysler Automobiles (FCA), an Italian-American company, said the two firms planned to merge. Mr Tavares would become chief executive of the combined group and John Elkann, FCA’s chairman (who sits on the board of The Economist’s parent company), would chair its board. It would create the world’s fourth-biggest carmaker by vehicle sales, with a market...



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