Correction to Peugeot Dividend Story
February 23 2017 - 2:39AM
Dow Jones News
Having taken over in 2014, Peugeot's Chief Executive Carlos
Tavares quickly slashed costs by reducing the number of cars it
makes and cutting the workforce, while preaching the dangers of
expanding too fast or chasing sales with discounts. He has recently
changed his tune, mounting an audacious bid to buy General Motors'
troubled Opel unit and Malaysian auto maker Proton Holdings Bhd.
("Peugeot Resumes Dividend as Profit Jumps," at 0608 GMT, misstated
the CEO's name in the fifth paragraph.)
(END) Dow Jones Newswires
February 23, 2017 02:24 ET (07:24 GMT)
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