That’s over $1.3 million US a month that Tavares receives for his role as Stellantis’ CEO.
GM was issued these warrants by Peugeot SA in 2017 as part of the sale of its Opel-Vauxhall business.
The folks at Fifth Gear, the British motoring magazine series, just took aim at the new Citroën Ami, in a road test test where they took the urban runabout to the track to test handling parameters.
PSA’s strategy, since acquiring Opel from General Motors, of sharing as many elements as possible with its new subsidiary is starting to pay off.
It’s like Michelin took inspiration from Citroën with the chevron structure of their new airless Uptis tire.
We’ll all miss André – he was a real visionary for Citroën. These remembrances are from André – told to Ken Nelson when he visited him around year 2000:
We’ve covered GM’s involvement with Citroen in the past, but today in Hemmings Daily there is an excellent article by Daniel Strohl that nicely discusses GM’s interest, as early as 1919, into buying into the company. Highly recommended reading that you can find here: https://www.hemmings.com/blog/2019/03/07/not-long-after-it-was-founded-100-years-ago-citroen-nearly-became-a-gm-subsidiary/?refer=news#comments-block
PSA Group is betting that size matters in Europe’s saturated car market as closes its deal with GM to buy Opel and its UK sister brand Vauxhall. Despite years of losses for the two under GM, PSA will pay 1.8 billion euros ($1.9 billion US) as the French manufacturer bolsters …
GM and PSA Group (Peugeot and Citroën), confirmed today that discussions are underway to “exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.” Both companies said there is “no assurance that an agreement will be reached”. While little is …
General Motors announced Friday that it sold its stake in PSA Peugeot Citroën SA for $343 million, well below the approximately $400 million it paid in March 2012 to get a 7 percent stake in Europe’s second-largest carmaker. Although no reason was stated for the sale it is speculated that …