Stellantis, an aimless ocean liner looking for captain in the car storm

It has rained a lot since Carlos Tavares took over PSA's leadership, back in 2014. At that time, PSA, owner of two historic French brands such as Peugeot and Citroën, had been losing more than 7.3 billion euros between 2012 and 2013. The company, which was a ruin, then undertook a capital increase of 3 billion to give its shareholding to the Chinese Dongfeng, which would have the same weight as the French State and the Peugeot family: all 14%.