Word: auto
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...FIRST TIME SINCE SUFFERING COMBINED losses of $13 billion over the past three years, the Big Three U.S. auto manufacturers have each begun to show signs of a rebound. Following a dazzling string of showroom hits that increased sales this year by 25%, Chrysler reported first-quarter earnings of $530 million. Ford's gains have been steadier, but it still managed to double analysts' predictions with net earnings of $572 million. Even General Motors turned a financial corner with quarterly profits of $513 million. Still, all three companies tempered their reports with downbeat expressions of caution. Ford's chairman, Harold...
Combining higher taxes with other strategies is the only way to meet the goal. "There's no doubt it can be done," says Alden Meyer, a climate-change expert at the Union of Concerned Scientists. Meyer suggests a host of | conservation measures, including tougher auto-fuel-economy standards, increased use of nonfossil energy sources (such as solar and wind power) and investment in energy-efficient technologies. This recalls a theme that Gore struck again and again on the campaign trail and that Clinton echoed in his speech last week: sound environmental policies can be good business. "These investments ((in energy...
Lottie's neurotic elder brother resumes an obsessive affair with Elizabeth, a shallow beauty Lottie continues to resent because of snubs in their high school years. Her 21-year-old son sleeps with Elizabeth's baby-sitter, then ignores her, and when she dies in an auto accident decreed by the author to get everyone's moping started, wonders fretfully whether he is obliged to attend her funeral. Other people behave shabbily, all of them, like Lottie, largely humorless and utterly self-absorbed. An occasional good line briefly clears the prevailing swamp gas, as when Lottie sums things...
...Caroline (Ellen Barkin) adrift in the West in the 1950s, looking for work. She's penniless, on the run from a broken marriage and an inappropriate lover. She has a good heart but not a very sensible one, and she falls in with Dwight Hansen (Robert De Niro), an auto mechanic from dreary Concrete, Washington...
...MOVE DESIGNED TO CUT COSTS AND BOOST PROduction, Mercedes-Benz is expected to announce this week a decision to build an auto plant on American soil. Daimler-Benz, the corporate parent, has been expanding its links with the U.S., recently signing a deal to become the first German company to be listed on the New York Stock Exchange. By selecting the U.S. for its assembly plant, the company is placing a huge vote of confidence in American manufacturing. It is also putting its fine-tuned reputation for quality engineering on the line. The factory will produce a new four-wheel...