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...world's assembly lines is a normal part of any recession. As demand shrinks, so must production. But now that the recession is easing, there is considerable debate among economists about whether manufacturers will be rehiring workers and restarting assembly lines anytime soon. Despite aggressive downsizing by industries like auto manufacturing over the past 18 months, there are fears that the world remains stuck with so much excess production capacity that any recovery will be anemic, plagued by deflationary pressures, high unemployment and ailing bank-loan portfolios. "Unless we deal with the excess capacity situation, we will have a protracted...
...first film, 1989's Roger & Me. It starts with home movies of the child Mike and his blue-collar family in their hometown of Flint, Mich., and follows the adult Mike as he stalks General Motors chairman Roger Smith in the hopes of confronting Smith for closing the auto plant in Flint and turning the city into a Hooverville. Along with critical praise, Moore earned charges of twisting the facts and distorting the sequence of events. Either way, the movie made him famous...
...Capitalism, he's back outside the gates of GM--which, after declaring bankruptcy, was far less solvent than Moore. Talk about the little guy triumphing over the system: somehow, in the past 20 years, the free-enterprise system has been kinder to the agitprop indie filmmaker than to his auto-giant adversary. A man who made his career attacking corporate America has become a pretty big business himself...
...will cost around $7,000. Although the price is more than triple that of Tata Motor's Nano city car, "its aggressive pricing from Ford," says Hormazd Sorabjee, editor of AutoCar India magazine in Mumbai. "It could be the cheapest Ford in the world." Says Colin Langan, auto-industry analyst for UBS Financial Services: "Ford's latest moves are all about gaining market share." (See the 12 most important cars of all time...
...Jagdish Khattar, former managing director of Suzuki India who now runs Carnation Auto, an independent multibrand auto sales start-up, attributes Ford's poor showing to a lack of the right mass-market product. Its India models - the Fiesta, Ikon and Fusion - are relatively large and expensive (for India). Small cars - those powered by engines of 1.5 liters or less and generally costing no more than $8,000 - drive 70% of auto sales in the country. "Ford was operating in just 30% of the market," says Khattar. "All the action was happening elsewhere." The diminutive Figo is Ford...