The chairman of French carmaker PSA Group wants to create a “European car champion” with the potential purchase of General Motors’ European car business, and pledged to work with governments and unions worried over job cuts. After reporting a near-doubling in 2016 profits, Carlos Tavares lauded the benefits of a deal that could reshape the continent’s car market and see PSA, the maker of Peugeot and Citroen cars, leapfrog the Renault Nissan alliance to become Europe’s No.