Sturdy independent

Article Abstract:

PSA Peugeot Citroen is mentioned as a possible acquisitions target, though the company's chief executive, Jean-Martin Folz, wants to stay independent. The company has increased its return on capital employed and its stake in the European market. Europe accounts for 86% of the company's sales, and the European market has been affected byprice deflation and overcapacity. Larger companies have more potential to benefit from economies of scale. Co-operative deals are one way of cutting costs. The company cannot risk making mistakes given difficult market conditions.

Peugeot S.A.

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The prince and the pauper

Article Abstract:

Ford Motor has a 40% stake of voting stocks held by the Ford family that founded the company, and Billy Clay Ford will be chairman, with Jacques Nasser as chief executive. This power sharing and the family stake are both unusual for a large car company. Ford reported a larger profit than General Motors, its rival, in 1997, but Ford has to boost margins in a market hit by overcapacity. The company also has to tackle the issue of power sharing, which raises questions about the roles of the two men.

Ford Motor Co., F

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Changing gear at Toyota

Article Abstract:

Toyota is the leader in the automobile business because it keeps looking for new ways of making cars and selling them around the world. President Hiroshi Okuda hopes to expand Toyota's international operations further while gaining a stronger market share at home in Japan.

Column, Toyota Motor Corp., Market share, Foreign business enterprises, Okuda, Hiroshi

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