Summit Notebook
Exclusive outtakes from industry leaders
Reports of the death of the car industry are premature-Valeo
A glimmer of light in a world of darkness for stressed-out car industry managers. Jacques Aschenbroich (pronounce Ashenbrough), the new CEO at French car supplier Valeo has been visiting the Frankfurt and Tokyo motorshows, as well as travelling to places such as China.
“This is not a dying industry, this is an industry in strong mutation,” is the verdict of the man who joined Valeo in March after a career with construction materials group Saint-Gobain.
For him the future is about smaller cars (in size and engine) that are more comfortable and safer.
In the more immediate future of 2010, he said he looked at the year with caution and added ”Everything can happen, even good news.”
from Funds Hub:
Watch hedge fund manager Colin McLean give his market outlook
McLean was speaking today at London leg of the Reuters Hedge Fund and Private Equity Summit.
