Word: autos
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Rolls-Royces are typically leviathan in size and synonymous with ostentatious wealth. But the company's new Ghost model will be much more modest. A prototype of the four-door sedan that has been making the rounds at auto shows this summer is shorter and sleeker than the company's flagship Phantom limousine, making it "slightly more agile" and better for daily use, says Rolls-Royce CEO Tom Purves. It's more affordable as well, priced at just $245,000, far below the $380,000 baseline price tag for the Phantom. (See 10 things to buy during the recession...
...General Motors emerged from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...
...race riots in 1967 - there's a sparkling-new downtown arena, some bright residential complexes, the gestation of a hipster scene. But Newark is still a drug-infested, poverty-stricken place where rubble piles up on Park Avenue and the shabby Hotel Riviera sits across the street from an auto-parts joint, around the corner from an abandoned five-story building...
...McCarthy - moving more officers to night and weekend shifts, when, get this, crime is more likely to happen - were most responsible for the turnaround, the results are stunning. Murders dropped 36% in Newark - from 105 to 67 - from 2006 to 2008. Shooting incidents dropped 41%. Rapes fell 30%, and auto thefts 26%. Newark went 43 days without a homicide in early 2008, the city's longest such stretch in 48 years. In the first quarter of this year, Newark had its lowest number of homicides since...
...days). However, the cost has been steep. Toyota's operations in the U.S. are no longer profitable and Toyota overall probably can't make a profit if it's losing money in North America, Inaba has acknowledged. (See the best cars from the 2009 Detroit Auto Show...