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Head of French carmaker PSA says Europe's CO2 cuts will threaten jobs

04 March 2019 02:12 (UTC +04:00)

The EU’s plans to slash carbon dioxide (CO2) emissions from vehicles and push carmakers to go electric will threaten 13 million jobs in Europe’s auto industry and benefit Asia, the head of French carmaker PSA told Le Figaro, ONA reports quoting Reuters.

The European Parliament and EU countries struck an agreement in December to cut emissions from cars by 37.5 percent by 2030, compared with 2021, and by 31 percent from vans.

“This jeopardizes the jobs of 13 million people in the industry and could destabilize some of our European societies,” PSA’s CEO Carlos Tavares, who also heads the European Automobile Manufacturers’ Association (ACEA), said in an interview with Le Figaro newspaper published on Sunday.