Business
From 1865, Armand and his cousin Eugène became involved with the running of the company, then called Peugeot Frères Aînés. They took it into cycle manufacture in 1882, and exhibited a steam powered tricycle at the 1889 World Fair in Paris. They created their first car in their workhouse which is located in eastern France.
By 1892, the company name was Les Fils de Peugeot Frères, and they had begun to manufacture cars with Daimler engines. Armand wanted to increase production, but Eugène did not want to commit the company to the necessary investment. So, on 2 April 1896, Armand set up his own company, Société Anonyme des Automobiles Peugeot. He built a factory at Audincourt, dedicated to the manufacture of cars with an internal combustion engine.
In February 1910, without a male heir, he agreed to merge his company with Eugène’s. When he stepped down from managing the company in 1913, Peugeot were the largest car manufacturer in France, producing 10,000 cars per year.
Read more about this topic: Armand Peugeot
Famous quotes containing the word business:
“Laughter on American television has taken the place of the chorus in Greek tragedy.... In other countries, the business of laughing is left to the viewers. Here, their laughter is put on the screen, integrated into the show. It is the screen that is laughing and having a good time. You are simply left alone with your consternation.”
—Jean Baudrillard (b. 1929)
“Faultless honesty is a sine qua non of business life. Not alone the honesty according to the moral code and the Bible. When I speak of honesty I refer to the small, hidden, evasive meannesses of our natures. I speak of the honesty of ourselves to ourselves.”
—Alice Foote MacDougall (1867–1945)
“As for your friend, my prospective reader, I hope he ignores Fort Sumter, and “Old Abe,” and all that; for that is just the most fatal, and, indeed, the only fatal weapon you can direct against evil ever; for, as long as you know of it, you are particeps criminis. What business have you, if you are an “angel of light,” to be pondering over the deeds of darkness, reading the New York Herald, and the like.”
—Henry David Thoreau (1817–1862)