It was just a few months ago that the rumor mills were buzzing in Detroit about the fate of General Motors Chairman Rick Wagoner as Carlos Ghosn was collaborating with investor Kirk Kerkorian on the possibility of Renault/Nissan buying a stake in the world's largest automaker. It appears that others should have been worried about their positions on the pedestals of power. In the past few months, a number of high-caliber auto executive have been sent packing: Helmut Panke of BMW, Jean-Martin Folz of PSA and, most recently, Bernd Pischetsrieder of Volkswagen. But the biggest opportunity rests inside Volkswagen, which has proven yet again that even though Ferdinand Piech left the helm years ago, he still wields the power.
PARIS - PSA Peugeot Citroen SA will introduce an environmentally friendly car that shuts down its engine when the vehicle is stopped at a traffic light or in a traffic jam, the French car maker said Tuesday. The car can cut fuel costs by up to 15 percent in urban driving with heavy congestion, Peugeot Citroen CEO Jean-Martin Folz said. Carbon dioxide and particle emissions are reduced proportionately.
... commission composed of Jean Martin Folz, the former president of PSA; Christian Raysseguie...
...--Jean-Martin Folz - PSA Peugeot Citroen . Best investor relations du...
GENK, Belgium - In its heyday, the Ford Motor Co. plant in this verdant corner of rural Belgium was the company's biggest in the world. Some 14,000 well-paid workers cranked out 2,200 family cars and 500 commercial vans every day. Less than a decade later, there are only about 5,000 jobs and car production is less than half what it was. The best-selling vans are now built in Turkey, where wages are a third of Belgian levels and people work six days a week with no bonuses.
... of France's PSA Peugeot Citroen, Jean-Martin Folz, dismissed worries that a new factory in Slovakia ...
GENEVA -- Automakers offered sneak peaks of their newest models at the International Motor Show Tuesday, but behind the sheen of the meticulously waxed vehicles, there was concern about the weak outlook for sales in Europe and North America this year. Moody's Investors Service shifted its overall outlook for European carmakers from stable to negative Tuesday because of expectations that neither the European nor the North American markets would experience any significant growth this year.
...Jean-Martin Folz, chief executive of France's PSA Peugeot Citroen, ...
FRANKFURT, Germany -- After some initial skepticism, the world's automakers are embracing hybrid vehicles in an effort to match Toyota's success and give customers more options to combat high gas prices. At the Frankfurt auto show this week, German automakers Volkswagen AG, Audi AG and Porsche AG said they were forming an alliance to develop hybrid engines. Last week, BMW AG joined General Motors Corp. and DaimlerChrysler AG in a similar partnership.
..., Chairman and Chief Executive Jean-Martin Folz said. Audi unveiled the first gas-electric hybrid ...
SAN FRANCISCO - Volkswagen, in mid-overhaul, and rival Peugeot, fighting to revive flagging sales, both tapped new leadership Tuesday to take over at critical junctures for Europe's two biggest automakers. In a surprise announcement, Volkswagen said that Chairman Bernd Pischetsrieder will be replaced by Martin Winterkorn, head of the company's luxury Audi division, at the end of the year.
... didn't come as surprise after Jean-Martin Folz already had said that he would step down by the en...
... presidente de Peugeot Citröen, Jean-Martin Folz, dijo que la planta era la "coronación" del compr...
BERLIN -- Volkswagen AG, Europe's biggest automaker, said Tuesday that Bernd Pischetsrieder will step down as chief executive after four years and be replaced by Martin Winterkorn, head of the company's premium Audi unit. Pischetsrieder, who got a five-year contract extension in May, leaves with the company profitable but in the midst of a painful cost-cutting program.
...Streiff replaces Jean- Martin Folz, who announced in September that he planned to ste...
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