Word: auto
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Dates: during 2000-2009
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TIME: The auto industry is pretty stagnant. How do you grow...
...AUTO CHECKUP...
...ALDERSON, 90, inventor who created the first automobile crash test dummy, an articulated model of an adult male used to measure car safety; in Los Angeles. After developing dummies to test parachutes and jet ejection seats, he refined his work to suit the needs of the increasingly safety-conscious auto industry, introducing the first dummy specifically for cars, called...
Takashi Nishioka, the new chairman of Mitsubishi Motors Corp. (M.M.C.), has a difficult job ahead. While Japan is the birthplace of some of the world's most successful auto manufacturers--Honda, Nissan, Toyota--Mitsubishi is one of the most troubled. The company has been shaken over the past year by revelations of long-running campaigns in various divisions to cover up critical manufacturing defects, some of which have proved lethal. Many large investors, including DaimlerChrysler and Japanese private-equity fund Phoenix Capital, have begun selling off their stakes or announced that they plan to do so soon, leaving questions about...
...they intend to ride it to riches, baijiu and rabbit ears notwithstanding. Clissold's memoir of his years with Perkowski-- 1995 to 2002--is an instant classic. The best "business" book previously written about China is probably Jim Mann's Beijing Jeep, an account of the ill-fated auto joint venture in China's early days of experimenting with capitalism. Mr. China (Harper Business; 252 pages) joins it at the top. Clissold, despite being a banker (now working at Goldman Sachs in Beijing), writes wonderfully. The book is sharply observed, funny as hell, and educational for anyone either doing business...