Word: auto
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Dates: during 2000-2009
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...facilities abroad, while another 32% are "investigating" a transfer of their factories. Tens of thousands of production jobs have already migrated from Germany to Central European countries like the Czech Republic, Hungary and Poland, making everything from light bulbs to high-end Audi automobiles. Last month, for example, German auto-parts maker Bosch said it would eliminate 830 jobs at its factory in Hildesheim, Germany, and move production to a new plant in Miskolc, Hungary. The move will reduce the workforce at the German factory by almost half. Some executives are thinking about even more radical moves, such as transferring...
...thing that infuriates voters is the knife-point targeting of the taxes being introduced by Schröder and his Finance Minister, Hans Eichel. Dog owners will get slapped with a tax of 16% on pet food; company cars will be hit with a 1.5% tax, leading the auto industry to predict 150,000 fewer cars will be sold next year. Air travelers were threatened with a 15% tax on frequent-flyer miles, prompting national airline Lufthansa to say it was considering moving its program overseas, which would eliminate 500 jobs. The government will impose a flat...
...Canada's car-parts giant Magna International. His return to Austria--after 12 years in Germany and Brazil with Volkswagen--comes at a critical time for Magna Steyr, whose parent company hopes to spin it off next year. But Demel's move could be a watershed for the auto industry. As major carmakers sell more specialty cars, such as convertibles and four-wheel-drives, they are contracting out more of their manufacturing--even design and assembly--to suppliers like Magna Steyr. BMW has agreed to allow Steyr by 2004 to assemble its X3 "sports activity" vehicle--the first time...
...buying "hot rod" gaming PCs that are about 20 times as fast as the average office machine and sport sleek cases and paint jobs that suggest racing cars. The PCs are made to optimize the wild 3-D graphics and surround sound of video games like Grand Theft Auto 2 and Tony Hawk's Pro Skater 4 (and of course they can handle any spreadsheet or logo redesign). Made by private companies like Falcon Northwest, based in Ashland, Ore., and Alienware in Miami, gaming computers are custom assembled and can be personalized with neon lights and just about any graphic...
...course, the Hy-wire is just a prototype, and getting the first production units on the road by 2010 would require the notoriously sluggish auto industry to shift gears a lot faster than usual. For one thing, the roadside infrastructure that fuels and services today's gas guzzlers would have to be redesigned to dispense hydrogen and reprogram faulty control systems. But if the result were a fleet of safe, fuel-efficient, nonpolluting cars and trucks that reduced or eliminated the world's dependence on fossil fuel, it would be worth the effort. --By Anita Hamilton