Mar. 4 - New Peugeot CEO Carlos Tavares talks to Reuters about how the firm’s Chinese tie-up is the first step to revival.
The French car industry is now the -- of total loss for us is cults. Will timer and of course call scone now facing down Carlos Alvarez incoming boss of Persia Citron. And it's a very personal rivalry -- principles that chief operating officer of ran out before an abrupt and seemingly acrimonious departure lost year. He takes over possession at a critical juncture. Often use of losses due to makers now set to take an infusion of cash from the French state and China's don't follow all time. Cover his gave his first and use those ripples that's an event in Paris or was by French trade publication 7 PM all time in collaboration with Royces. He says the company's financial position means he may have to go you -- a plan for one point five billion euros of cost cuts by 2015. I'm not the kind of guy is going to stop the object because yes -- -- -- What is important is that we make sure that we have in the company. The competitive mindset. That gives kids -- the ability to have a sustainable business. Which means. Profitable business. So we'll see in 2016 where we are. If we have an opportunity to go beyond what should we stop. With multiple sat together by the French state -- is now more than ever a symbol of Bronx. Let's -- support potentially means less freedom to cut jobs and close factories. Fabrice says he will all the existing commitments to unions in that respect until 26 they evolved and that he may try to sell more change to the French government. I think it is is -- of my -- we explained. To our shoulders where other levers. For profitability will believers for sustainable profitable growth. That will be part of my job and will be with of course. And then we'll see but everything that we have seen so far from the presence of the -- states that you not competitor's world. It seems to indicates concretely. That things can be done. That leaves one mystery the exact circumstances of temper as his departure from -- He says the full story of that will remain -- a matter between him. And the other tall office.