Peugeot (PSA) is going through a tough transition. The company is facing an European declining market and its heavy dependence on this market has been a drag on the company profits. This way, the company decided to revamp its current management team and brought the Portuguese Carlos Tavares (ex-COO at Renault) to turnaround the company. 

The first results appeared on the Q2 earnings presentation, where the company posted some interesting improvements. I have recently wrote an article about PSA, you can read it here.