Will Peugeot Finally Switch Drivers?
For 13 years, Jacques Calvet has ruled French auto maker PSA Peugeot Citroen with an iron grip. On Sept. 30, he's set to make way for a new president, Jean-Martin Folz. But will he? At the Frankfurt Auto Show in early September, Calvet said cryptically: "Anything is possible"--hinting that he may stay in charge a bit longer. Conspicuously absent from Peugeot's presentation in Frankfurt was automobile-unit chief Folz, anointed as Calvet's successor in May by the Peugeot family, which holds 22.7% of the stock.
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