May 24 -- The Fords aren't the only family that is re-asserting itself in the automobile business.
The Peugeot family is buying back stock in PSA/Peugeot Citroen because family members want more than 50 percent of the company.
Why? To protect the company from short-sighted management. At least thats what 69-year-old Pierre Peugeot told Automotive News Europe.
Not every family is that involved. The Agnelli family, which controls Fiat Auto, is very likely to sell the rest of that automaker to General Motors.
The Quandt family, which has a controlling interest in BMW, seems content to let engineers run the business on their behalf.
It must have something to do with having your name on the products.