Renault SA Chief Operating Officer Carlos Tavares proposed taking on a wider role at the French carmaker in meetings this week with Chief Executive Officer Carlos Ghosn, two people familiar with the matter said.
As the top lieutenant to Renault SA Chief Executive Officer Carlos Ghosn, Carlos Tavares admits he’s unlikely to succeed his boss, who’s just 59. So he wants to run General Motors Co. or Ford Motor Co. instead.
PSA Peugeot Citroen, Europe’s second-largest carmaker, will cut its lineup by almost half and turn the Citroen unit’s DS badge into a separate premium brand in a bid to return the automotive division to profitability.
Renault SA needs to develop in the premium-car segment to highlight its capabilities and better use the auto maker’s Formula 1 successes, Chief Operating Officer Carlos Tavares said in an interview, Le Figaro reported.