Man, cleaning house in the, uh, House and cleaning house in the... this isn't working. So:
Automotive News reports: PSA/Peugeot-Citroen names former Airbus chief as CEO
PSA/Peugeot-Citroen's supervisory board has named Christian Streiff, the former CEO of European airplane maker Airbus, as the successor to departing CEO Jean-Martin Folz.Meanwhile, The NY Times (registration required) reports: After Power Struggle, Volkswagen Ousts Its Chief.
Streiff, 52, will succeed Folz on Feb. 6, PSA said in a statement. But he will join PSA/Peugeot-Citroen on Wednesday, Nov. 8, to get acquainted with the company.
In a sharp reversal, Volkswagen today ousted its chief executive, Bernd Pischetsrieder, six months after he appeared to win an internal power struggle by signing a new contract.Also, what's up with having air dudes running car companies? Think they'll kick some arse?
Volkswagen, Europe’s largest carmaker, gave no reason for the decision by a select committee of its supervisory board, which voted to replace Mr. Pischetsrieder with Martin Winterkorn, the head of Volkswagen’s Audi division. The change will take effect at the end of the year.