When Quemard took over purchasing at PSA/Peugeot-Citroen in January 2008, then-CEO Christian Streiff ordered him to cut the French carmaker's annual purchasing budget by 6 percent. Then the financial crisis hit in the second half of 2008. Targets Quemard had planned to meet in 2010 were suddenly due by year end. New contracts for everything from travel to mobile phones cut $563.0 million from operating costs in 2008. Quemard promises his team will do even better in 2009. He also is working with PSA's 500 principal component suppliers to improve their costs. In 2008, Quemard said, PSA helped suppliers cut costs by $281.5 million. It looks for a similar improvement in 2009.