Word: auto
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...hottest seats in European business these days are in the auto industry. Last week, Volkswagen, Peugeot and Fiat all announced that they're trading in their chief executives. That leaves just highly profitable Porsche as the only significant European auto firm not to have switched bosses in the past 18 months. The turnover reflects upheaval in the industry worldwide as firms not only jostle to take advantage of new markets in Asia and elsewhere, but also struggle with unrelenting cost pressures at home. The big surprise came at VW. Bernd Pischetsrieder had just signed a new contract...
...most of the Indian capital's 15 million residents, monkeys are as much a part of the cityscape as Mughal tombs and speeding auto rickshaws. Monkeys and humans have long coexisted in India, where Hindus consider the primates sacred. In the ancient Sanskrit epic The Ramayana, the monkey god Hanuman symbolizes wisdom, devotion, righteousness and strength. On most days, devout Hindus feed Delhi's monkeys a feast of bananas and peanuts...
...victims of a car crash. “21 Grams,” his ambitious first Hollywood film, came in 2003, overwrought and under-felt. Like “Amores Perros,” it followed several fractured lives thrown together following a deadly hit-and-run auto accident. Now there’s “Babel,” which strays—slightly—from the car mishap scenario. It examines the struggles of those affected by a bullet that hits an American tourist on a Moroccan tour bus.This thematic repetition is a bit distressing...
...being denied admission to the University of Michigan filed suit in a case that eventually reached the Supreme Court, is leading the effort. The forces opposing them are vast and cover the entire political spectrum: the Democratic and Republican candidates for governor in Michigan, labor unions like the United Auto Workers, top officials at two of the state's biggest businesses, Ford and General Motors, the Chamber of Commerce groups in several of the state's cities and the Michigan Catholic Conference, as well as national groups like the NAACP and the Urban League. "It's a very lonely battle...
...Cashed up thanks to rising profits at home, Indian firms are on a shopping spree?and increasingly looking abroad. In the past year, the Tata Group has snapped up everything from American telecom firm Tyco Global to venerable British teamaker Tetley. Other Indian companies have bought foreign pharmaceutical firms, auto-parts makers and aluminum suppliers. Last week a consortium led by India's Videocon Industries agreed to buy South Korean appliance maker Daewoo Electronics for $700 million. "Indian companies have become competitive, and they realize that," says Gurcharan Das, former CEO of Procter & Gamble India and author of the best...