PSA Group

The flagship SUV is the first product for Indian customers from the Citroën brand, has been tested on over 250,000 km in different terrains and varied weather conditions

Carlos Tavares will lead Stellantis NV, the merged behemoth of Fiat Chrysler Automobiles NV and PSA Group. He doesn't tolerate meetings starting late or dragging on.

By Foo Yun Chee

The all-share merger announced late last year would unite brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS - while targeting annual cost cuts of 5 billion euro

Under the deal, shareholders in the two groups would split the capital of the merged firm on a 50/50 basis

The merged company would have combined sales of nearly 170 billion euros per year and 11 billion euros of operating profits, the carmakers said

India will be a major export hub for PSA, says Carlos Tavares

Introducing the Citroën is part of PSA Group's plan to increase sales by 50 per cent outside of Europe by the end of 2021

The Peugeot maker is among a first handful of companies to make use of the new flexible labour measures introduced by decree within months of Macron's election last May.

Sale seals GM's exit from Europe

Savings of up to 2 billion euros ($2.1 billion) is expected from the tie-up