Word: auto
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Dates: during 2000-2009
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...various songs, as the Duppy Conquerer (for his power over the spirit world), the Small Axe (who can cut down the big tree) and a Soul Rebel. For a time, disillusioned by his struggles in the cutthroat Jamaican music scene, he lived in Wilmington, Delaware, worked in an auto plant, and went by the alias Donald. But he soon returned to Jamaica and embraced his destiny as a music superstar as well as the name that we now know him by: Bob Marley...
...INDICATORS In Reverse Fourth-quarter earnings at General Motors, the world's largest carmaker, tumbled 37% due in part to spiraling losses at its European operations and a $220 million write-down of the remaining value of its stake in Italy's Fiat Auto...
Never mind its sexy, carbon-fiber chassis or that it can zip from zero to 60 in less than 5 sec. What's really impressive about the Venturi Fetish, which made its North American debut at the Los Angeles Auto Show this month, is that it produces nary a puff of smoke: the Fetish is powered by 100 rechargeable batteries that keep it going for 200 miles. The Fetish is emblematic of a trend in the automobile business: carmakers realize that if they hope to sell more environmentally friendly vehicles (which account for less than 1% of the cars...
Chery has already done crazy things to China's auto market, which in turn could have a huge impact on America. The reason is overcapacity. Although executives in Detroit would drink windshield-wiper fluid through a straw for the roughly 15% growth in car sales that China saw last year, in China that increase might be too slow to keep up with production. Foreign firms like GM, Volkswagen and Ford have invested billions of dollars in China to make far more cars than the market can absorb. Last year Chinese consumers bought about 2.2 million cars, and assembly lines...
...standards. The real threat will come from foreign makers in China with nowhere to sell their cars. "If they can compete on price, Ford and Nissan will likely start exporting" to America within a decade, predicts Eric Harwit, a professor at the University of Hawaii who researches China's auto industry. The Cherys you'll soon see in car lots could be the vanguard for Detroit's own made-in-China cars. --By Matthew Forney/Beijing