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By Reuters Staff 2 Min Read MILAN (Reuters) - Stellantis Chief Executive Carlos Tavares is touring the group’s Italian plants, getting relations with local unions off to a good start as the newly-formed automaker seeks over 5 billion euros ($6.1 billion) a year in savings. FILE PHOTO: Carlos Tavares, when Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau The world’s fourth-biggest carmaker was officially created on Saturday from the merger of Fiat Chrysler (FCA) and Peugeot-maker PSA, with former PSA boss Tavares becoming group CEO. ....
With Stellantis targeting over 5 billion euros ($6.1 billion) per year in savings, CEO Carlos Tavares is currently visiting the group’s Italian facilities in order to meet local unions and solidify relationships. Tavares stopped by some of the main production sites in Italy, such as Turin’s Mirafiori on Wednesday, Melfi on Thursday and Cassino on Friday, reports Reuters. It seems that he already made a good impression during his visits. “It had never happened that a CEO had sat down to take questions from representatives at such a grassroot level,” said Marco Lomio of the UILM union in the Basilicata region (Melfi), adding that Tavares took time to listen and to actually answer all questions. ....