Word: auto
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...land of Confucius, Lu Weiding carries a heavy family responsibility. His father owns a $1 billion auto-parts supplier that controls the biggest privately run firm on China's stock exchange. But while Lu Guanqiu wanted his son to succeed him, the younger Lu rejected filial obligation and spent his teens careering around rural China in jeeps and on motorcycles. When he rear-ended a dump truck, Dad finally packed him off to Singapore to study and, says Lu, "to save me from becoming a failure...
Ghosn will remain CEO of Nissan, becoming chief executive of two car companies with headquarters on two continents. If anyone is up to the task it's he. A French citizen and engineer who speaks six languages, Ghosn is a legend in auto circles for transforming Nissan from clunker to race horse. Puncturing the myth that no foreigner could change Japan's clubby corporate culture, he laid off thousands, revitalized product design, streamlined Nissan's supplier network--and became a cult hero in the local press. Nissan's 11% operating margin is among the industry's highest. Sales...
...Harvard lost to BU three times last year, lost to Maine, managed a tie with BC and lost to Northern Michigan—have been a thorn in the team’s side for years. Last season, when Harvard made the NCAA Tournament without the ECAC auto-bid, it was despite the team’s abysmal showing against anyone outside the ECAC...
Pischetsrieder insists the strategy will pay off once the new cars take hold with consumers. Investors seem to think so. VW's share price rallied 34% from the start of the year to early November, outperforming the Dow Jones auto index by 14 percentage points. The Touareg is off to a strong sales start, both here and in Europe. The Phaeton is not. Available in Europe for more than a year, it has been no threat to the Mercedes S Class and the BMW 7 Series, selling less than 8,000 units (in 2002 BMW sold 14,670 7 Series...
...concert hall and an indoor skating rink. Still, last week, Kudrin tersely told Abramovich that such donations must come from "the state budget" rather than his tax breaks. Whatever his reasons, Abramovich looks as if he wants to keep selling. He recently ditched another 37.5% stake in the Ruspromavto auto company. So will the richest Russian swap his Chukotka governorship for the title of Sir Roman? That might depend on how much money Putin will let him withdraw from Russia. And the extent of Putin's generosity may tell other oligarchs how much of today's riches they might...