Word: bidder
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...Hummer brand, however, could be on the road to extinction if GM cannot soon finish a deal with China's Sichuan Tengzhong Heavy Industrial Machinery, the only bidder for the controversial brand. GM announced plans to spin it off while reorganizing under bankruptcy protection this past summer. (See the 50 worst cars of all time...
...problem is, it didn't quite do that. Winning the 2007 Pan American Games was considered a big, if sometimes chaotic, success for Rio. To triumph over rival bidder San Antonio, officials used the same argument - that this was Rio's turn. To back that up, they promised to transform the city with a new ring road system, something called a "via light" railway (presumably a light railway), a new state highway and 54 km of new metro lines...
...Merkel's government announced it would bankroll the Magna bid in May, pledging $2.1 billion as a bridge loan to keep Opel afloat, as well as $4 billion in future loan guarantees. The German government also made it clear it wouldn't stump cash for any other bidder. Some politicians accused Merkel of "blackmail" and warned that her government's support for Magna could backfire. Initially, GM had serious reservations about Magna's offer and seemed to favor a rival bid by the Belgian-based investor, RHJ International. One GM official said RHJ's offer was "simple and elegant...
...central problem, explains Doug Brooks, president of the International Peace Operations Association, a trade association, is "the tendency of the U.S. government to go for the lowest bidder no matter what, and the result is that even the better companies end up cutting their contracts to the bones, and as a result these problems are more frequent than you'd like." Although currently there is no law requiring the government to take the lowest bidder - though there is draft legislation to make it so - bureaucrats tend to favor the low bids so as to avoid being called up to Capitol...
...Russian oligarchs. "Neither the Chancellor's phone call with the American President nor the Foreign Minister's with Mrs. Clinton impressed anyone," wrote the conservative Frankfurter Allgemeine Zeitung in a commentary published on Aug. 26. "It is questionable whether their decision to commit themselves to a Canadian-Austrian bidder with Russian backers was helpful to achieve their ends...