PSA: before the restructuring plan, then any new alliances
The PSA Group is always open to potential partnerships at the international level, but first it must complete the difficult process of restructuring.
This was stated by the new President, Carlos Tavares, according to which the French Group recovery program will be finalized within two years, three at the most.
This program seems to be continuing on the right way as shown in the financial statements for the first half, which ended with the first positive cash flow since long time and with the return to profit of the car division after three years. The PSA target is to generate an automotive operating margin of 5% by 2023.