is interviewing candidates to switch Chief Executive Philippe Varin, after Chinese accomplice Dongfeng mentioned a deeper alliance beneath negotiation will have to be accompanied with the aid of administration exchange, sources with data of the subject stated. Varin himself is major the hunt for a successor who has the caliber and experience to move a world carmaking alliance – traits that Dongfeng has emphasised when discussing a capital tie-up and accelerated industrial cooperation, in keeping with the 2 sources. After conversing at an business conference in Berlin on Saturday Varin declined to comment on a record in Le Figaro that the carmaker may just rent former Renault chief running officer Carlos Tavares as his new second-in-command. Peugeot and Dongfeng are in talks to build on their existing Chinese joint venture with cooperation in different markets and a multi-billion-euro share issue that will see Dongfeng and the French government acquire stakes within the French carmaker, sources familiar with the topic have stated.
Peugeot’s CEO prepares to step aside for Dongfeng deal: sources
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