Deals

Peugeot Owner's CEO Said to Seek Deals After Reviving Europe

French carmaker has $10 billion cash, appetite for global push
GM, Fiat Chrysler said to be attractive options for more scale

Tavares discusses the potential for buying another car maker.(Source: Bloomberg)

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By Tommaso Ebhardt, David Welch, Ania Nussbaum, and Daniele Lepido

March 4, 2019 at 4:11 PM UTC

Updated on

March 4, 2019 at 4:37 PM UTC

This article is for subscribers only.

PSA Group is too small to satisfy the global ambitions of Chief Executive Officer Carlos Tavares.

The French maker of Peugeot, Citroen and Opel cars is seeking a deal that will expand its footprint outside of Europe, according to people familiar with the matter. Tavares has met with advisers to consider potential collaborations or mergers, said the people, who asked not to be identified because the matter is private.