Word: auto
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...much the same, and what many are ignoring is that they have been for years.In contrast to the blaring heavy-metal, pop punk, and rap lineups of such popular series as “Tony Hawk’s Pro Skater,” “Grand Theft Auto,” and “NBA Jam,” more sophisticated games have long relied on soundtrack music for subtle mood manipulations. While “Super Mario Brothers” and its ilk had their share of minor-key tunes to cue the player that...
...January 1994. The lion's share of $200 billion of foreign investment that has rolled in since then--two-thirds from the U.S.--went to the north, both to maquiladora assembly operations in border towns and to Monterrey and nearby Saltillo, also known as Little Detroit for the sizable auto investments there, especially by the U.S.'s Big Three. Thirty percent of Mexico's GDP comes from manufactured exports, 80% of that auto related, and the U.S. accounts for 60% of that...
Grupo Industrial Saltillo, with eight business units, shows the link and how NAFTA's market access is accelerating this corporation's global evolution. More than half its roughly $1 billion in sales last year went to the U.S., Canada, Japan and Australia, and 84% was auto parts. That will expand when a $136 million engine factory, a joint venture with Caterpillar, opens next year. Saltillo's building-products division, on the other hand, is 90% dependent on the domestic market. Within five years, this proportion is projected to be evenly split between domestic and foreign sales, a feat that...
...bank accounts or insurance, so the potential market is enormous. In the retail sector, dominant state-owned companies and small-shop owners alike are certain to feel the pinch as foreign chains launch offensives. "It's going to change very quickly," Pincus says. "Big supermarkets, big restaurant chains, big auto-repair shops will come in and offer better service?and customers will flock to them...
...ethanol-powered flex-fuel cars this week. And his market-centric approach may find an ally in Michigan's John Dingell, the Democrat who will be in charge of the House Energy and Commerce Committee. Unlike many of his party colleagues, Dingell, a friend of his state's auto industry, is against mandating higher fuel-efficiency standards for carmakers...