Having taken over in 2014, Peugeot's Chief Executive Carlos Tavares quickly slashed costs by reducing the number of cars it makes and cutting the workforce, while preaching the dangers of expanding too fast or chasing sales with discounts. He has recently changed his tune, mounting an audacious bid to buy General Motors' troubled Opel unit and Malaysian auto maker Proton Holdings Bhd. ("Peugeot Resumes Dividend as Profit Jumps," at 0608 GMT, misstated the CEO's name in the fifth paragraph.)

(END) Dow Jones Newswires

February 23, 2017 02:24 ET (07:24 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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