The top stories from Automotive News Europes June 5, 2000, issue – and how they developed.
Navarris ambitious goal
Valeo, the worlds 10th largest supplier, wants to be in the top 5 by no later than 2004, said Andre Navarri, the companys new CEO.
Navarri has replaced Noel Goutard, who retired last month after 13 years as chief executive. Navarri said he aims to boost Valeos sales from E7.7 billion last year to E15 billion within four years.
Navarris brief tenure was brought to an abrupt end barely 10 months after taking over from Goutard by a coalition of unhappy shareholders and a frustrated predecessor. He was replaced by Thierry Morin, previously chief operating officer. Morin remains head of Valeo, which reported sales of E9.44 billion in 2004, ranking it 13th in the world, according to the Automotive News Europe 2005 Global Market Data Book.
VW fires Sachs
Volkswagen brand sales boss Hans-Ulrich Sachs was fired after just 10 months on the job. Sales of every mainstream VW car declined in Europe during the first four months of 2000. Sachs, 47, will be replaced by Detlef Wittig, head of marketing at VWs Skoda unit in the Czech Republic.
Today, Sachs heads the Stuttgart-based consultancy Han-Ulrich Sach GmbH, which specializes in restructuring mid-sized businesses. Wittig is chairman of Skoda.