Word: benz
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Since the tax threshold on cars is $30,000, most of the affected models are foreign, but U.S. dealers are complaining all the same. "It's killed us," laments Norman Scott, a Mercedes-Benz dealer in Houston. "Those guys in Washington are crazy." Consumers seeking to avoid the levy are switching to cars whose prices fall just below $30,000. Mercedes and Lexus sales have plummeted 27% and 10%, respectively, in the first quarter, but Acura dealers report no major dent in sales...
...full gear. Chrysler recently unveiled a battery-powered prototype of its popular minivan. GM is experimenting with automobiles that run on methanol, a form of alcohol that comes from such sources as coal and wood. United Parcel Service recently tested delivery trucks that burn propane rather than gasoline. Mercedes-Benz has developed a prototype car that runs on hydrogen...
...black kid (Bennett is 5 ft. 11 in., 260 lbs.) was arriving at drug night spots in a Rolls-Royce driven by a young Hispanic. This was a mistake Bennett repeated: he made himself too visible. He even drove up to a South Central car wash in his Mercedes-Benz to boast to bystanders, "I got more keys ((kilos of cocaine)) in my trunk than you all got clothes on your back...
Such potential has made the materials business one of the most hotly contested high-tech fields. Hundreds of companies, from IBM to Germany's Daimler-Benz to Japan's Sony, are investing heavily to come up with the next breakthroughs. Advanced-material sales, which will top $2 billion this year, are expected to reach $20 billion by the year 2000 as research efforts of the past decade start paying big dividends in the form of new products...
...business deals that have been partly completed but not paid for. Some of those losses will be covered by Hermes Kreditversicherung AG, the German state export-insurance program, but as much as $1.2 billion in trade with Iraq and Kuwait is not insured. Large diversified conglomerates like Daimler-Benz, Mannesmann and Ferrostaal can absorb such shortfalls, but smaller firms with proportionately larger exposure are talking about hardship and calling for a government bailout...