Word: auto
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Dates: during 2000-2009
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...since 1982 have negotiators for the United Auto Workers and Chrysler squared off for comprehensive contract talks. When U.A.W. President Owen Bieber and Tom Miner, Chrysler's vice president of labor relations, shook hands last week to open new negotiations, the circumstances were very different from those surrounding the earlier talks. In 1982 Chrysler was just starting to come back from a brush with bankruptcy, its veins full of bailout money. Today the company is robust, its sales up and Government-backed loans of $1.2 billion paid...
...Singapore's AutoAsia, an automotive data company. In fact, with a compounded annual revenue growth of 20% over the past five years, Hyundai has been the world's fastest-growing major automaker since 1999, according to Lehman Bros. Hyundai is "putting pressure on everybody," says Rob Hinchliffe, an auto analyst at UBS. Even Toyota vice chairman Fujio Cho last year acknowledged the blur that is getting bigger in his rearview mirror: "Hyundai has quality and prices that have caught customers' attention, not to mention ours...
...making the Santa Fe, Hyundai's popular SUV. The highly automated factory, Hyundai's most modern, is a sea of frenetic welding and painting robots. Components are shuttled about by electronic sensors in the floor. Chung says the factory gives Hyundai "firm ground as a global leader in the auto industry...
...less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged up a mere 2% while sales grew 10%. Lehman Bros. auto analyst Zayong Koo says, "They need to show a track record of good-quality cars in order for them to take that next step and raise pricing...
...fortysomething closet video-game addict, I'm not at all surprised by the features of the new Xbox. I'm no conservative moralist, but I am worried by the incredible darkness in the gaming world. Most current game designs (besides those of sports and auto-racing titles) are oppressively heavy and angst-ridden. I hope the next breakthrough in gaming ends the ceaseless marketing to the basest instincts of the 18-year-old male psyche. I will stick with sports games, but I am concerned that my 10-year-old son is growing up in a world in which even...