Chairman sets modest goals for Peugeot

Article Abstract:

PSA Peugeot Citroen's new Chairman JeanMartin Folz, has declared the company will focus on cutting costs, developing new products and selling cars, instead of engaging in acquisitions and partnerships, in order to achieve growth. Folz also denied reports it is investing in Perusahaan Otomobil National Ltd. (Proton), a Malaysian car manufacturer, to expand into Southeast Asian markets. Folz is confident that Peugeot, which is expected to feel stiffer competition once the competition barrier that limits Japanese car makers from selling cars in Europe is lifted in 1999, has already taken up steps to win competition with Japanese car makers even in markets where they have the advantage of selling cars that are assembled locally.

Comment:

New Chairman JeanMartin Folz says firm will focus on cutting costs, developing new products and selling cars to achieve growth

France, All Other Plastics Product Manufacturing, Plastic Transport Eqp Parts, Peugeot S.A., Transportation equipment parts

---

BNL chairman leaves post, citing tensions

Article Abstract:

Banca Nazionale del Lavoro (BNL) Chairman Mario Sarcinelli has announced that he will quit his post due to conflicts with the Italian treasury concerning the company's privatization. Sarcinelli also announced that he would relinquish his decision-making and executive functions at Italy's fifth-largest bank, claiming that the treasury is shutting him out of the privatization plans. Market sources think that BNL managing director David Croff will be appointed to replace Sarcinelli because Croff had larger involvement with plans to privatize BNL.

Comment:

Its Chairman Mario Sarcinelli announces he will quit his post due to conflicts w/ Italian treasury about the bk's privatization

Italy, All Other Nondepository Credit Intermediation, Finance Leasing, Lease financing, Banca Nazionale del Lavoro

---

Dow Jones to nominate new chairman

Article Abstract:

Dow Jones and Company Inc. is nominating M. Peter McPherson for the position of non-executive board chair, to replace Peter Kann, who is retiring. Mr. Kann has served the company for over forty years.

Newspapers, United States, Officials and employees, Newspaper publishing, Elections, Appointments, resignations and dismissals, DJ, Dow Jones & Company Inc., McPherson, M. Peter, Kann, Peter

Similar abstracts:

• Abstracts: European PC sales continue to surge. British Air sees ruling soon on alliance. Posco, Nippon Steel strengthen relationship
• Abstracts: Glaxo cuts price of HIV drugs for world's poorest countries. Pfizer tries to sell research spending
• Abstracts: Web surveys versus other survey modes: a meta-analysis comparing response rates. Comparing methods of brand image measurement
• Abstracts: United Assurance's profit rises, despite decline in new business. Time Warner profit rises 34 percent
• Abstracts: Lowrie is leaving posts at BP Amoco in unexpected move. Virgin puts biofuels on maiden voyage. High costs slow quest for ultraclean diesel

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.