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Industry: Email Alert RSS FeedExecutive changes boost share prices.(News)(Column)
Automotive News Europe, October, 2005 by Saint-Seine, Sylviane de
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Byline: Sylviane de Saint-Seine
Those investors who rely only on number crunching to make their decisions were in for a shock in the last quarter.
It appears that people also matter, especially those at the top.
After years in the doldrums, Germany's Volkswagen group and DaimlerChrysler gave shareholders the best returns of all European automakers following significant changes in their capital or management structures.
Best of all was VW group, whose share was boosted 15 percent by sports car maker Porsche's bid to buy a 20 percent stake in VW.
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