Word: auto
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Dates: during 2000-2009
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...ways reflect those of its signature car company. The task will fall to new DaimlerChrysler CEO Dieter Zetsche, 52, who has already worked miracles in overhauling the once disastrous Chrysler division. "In the land of the blind, the one-eyed man is king," says Peter Schmidt, a British-based auto-industry consultant. "Zetsche is a brilliant choice, but it will be very arduous to get Mercedes back to where...
...rapidly changing world. The prosperity of both company and country has been built on engineering excellence and high-quality manufacturing. Mercedes stumbled, as Germany is stumbling, because of external pressures: in today's fiercely competitive global marketplace, there's little margin for error, especially for high-cost producers. With auto manufacturers worldwide racing to produce ever better cars ever more cheaply, Mercedes slipped because it became too complacent about its technological prowess, took on too big a workload and rushed out new models before they were ready. "They partly got into this mess by resting on their laurels," says consultant...
...character. The imperious Schrempp, by contrast, continued to lurch from crisis to crisis until the Daimler board showed him the exit, three years before his contract expired. DaimlerChrysler stock soared about 10% on the news. The change of leadership "dramatically alters investor perceptions," said Merrill's London-based auto analyst Stephen Reitman, who upgraded the stock to neutral...
...they ruled from the shadows, only venturing out at night, clad in black masks, nervously keeping a finger on the trigger even when they reluctantly agreed to talk to a journalist. But on a recent day in Gaza City's Zeitoun neighborhood, two white jeeps roll up to an auto shop trailing the green flags of Hamas. The burly, bearded drivers step out, clad in black T-shirts, olive pants, and matching green Hamas baseball caps decorated with the opening verse of the Koran. Since Israel's withdrawal, these gunmen of Hamas's Izzedine al-Qassam Brigade can go about...
Another recipient, Rahul Bajaj, MBA ’64, has run the Indian auto manufacturer Bajaj Auto Ltd., the fourth-largest manufacturer of three-wheeled scooters and motorcycles in the world, for the past four decades...