Word: peugeots
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Dates: during 2000-2009
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...escalating pension bills are nudging their populations toward private-sector retirement funds. Jana Adler, a German mother of two, has signed up for a private pension scheme, but she's not venturing near the stock market, calling it "too risky." Others are more resolute. In 2002, French carmaker PSA Peugeot Citro?n introduced a private scheme for some employees. The fund only began investing in October, so it has managed to avoid some hard stock-market hits. But European workers must be hoping that the new schemes take note of what is happening in the U.K., and learn some timely lessons...
...Merging The Seven Seas In a dramatic about-face, the European Commission allowed Carnival's $5.5 billion hostile takeover of P&O Princess cruise lines. This reversal comes one month after an E.U. court made it more difficult to block deals. Engine Doubles Germany's BMW and France's Peugeot joined in a ?750 million alliance to develop and build motors for their smaller cars. The venture could turn out 1 million engines annually. Spanking The Banks U.S. Senate investigators testified that Citicorp, the top U.S. bank, and J.P. Morgan Chase helped Enron hide more than $8.5 billion in debt...
...game is based on them. The teams too are impressed with the information they are getting back from the system. Previously they sent staff members out with stopwatches to time runs. Now they can stay at the service park and receive far more information. Corrado Provera, boss of the Peugeot team, relishes the improvement. Says he: "The engineers are cutting the stages in many slices and analyzing why the drivers are faster or slower." In addition to introducing the new technology, Richards set about reforming the championship's sometimes haphazard organization. With the often reluctant agreement of the race organizers...
...This will support corporate transparency and our customers' and shareholders' interest in the company," VW said when the restructuring was announced last year. In fact, for a high-volume manufacturer, VW had a pretty good year in 2001. Return on sales was a robust 5%, about the same as Peugeot, but behind BMW's 7% and Porsche's double digits. Pischetsrieder says he wants to boost the company's return on investment from the current 7-8% to a figure above...
...Centre for Automotive Industry Research at the Cardiff Business School, is a little more positive, saying that the Mini's low-volume production is offset by BMW's positioning of it in the upper end of the mini market, against the likes of the Volkswagen Polo and the Peugeot 206, where margins are higher, around 5% to 6%, compared to about 3% in the Mini's previous sales bracket. Still, Rhys notes, "small cars mean small profits...