Renault is flattered
DIDIER LEROY, a close assistant to Renault executive vice president Carlos Ghosn until last summer, is likely to be named manager of the Toyota plant in northern France, due to start production early 2001. 'Toyota picked up one of our guys for its Valenciennes plant,' said Ghosn. 'It's rather flattering and a recognition of what Renault has achieved in the manufacturing side of the business.'
Survival of the fittest
If Ford chief Alex Trotman is to be believed, the recent merger of Daimler-Benz and Chrysler is just the beginning. Speaking at an industry conference in the UK, Trotman predicted that just six automakers would survive to dominate the world market in the next century: two each in Europe, the USA and Japan. He said current world capacity was 40 percent more than needed, and massive consolidation was inevitable in the future.
Egan was a good teacher
SHAREHOLDER VALUE is a mantra at Ford Motor Co. these days, and Chairman Alex Trotman says he learned it all from none other than John Egan. The former Jaguar chief, you'll recall, resisted Ford's advances a decade ago - before fetching $2.5 billion for a company that carried more glitter than gold. 'Everything I learned about shareholder value, I learned from Sir John Egan,' Trotman reminisced, with tongue in cheek, at a celebration of the new Jaguar S-type sedan last month.
'He said he'd do everything for shareholder value - and he did.'