Word: bmw
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Dates: during 2000-2009
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...Rolls-Royce offer this kind of luxury at such a relatively cut-rate price? One place the company saved money is in the electrical and safety systems, which Rolls-Royce borrowed from its parent company, BMW. The Ghost also has a steel frame, unlike the Phantom's aluminum skeleton, making it less expensive to manufacture, although also less adaptable to customization. (Read TIME's 2007 story "Rolls-Royce: Rolling in Dough...
...risks. Reva faces a growing list of potential competitors that plan to launch all-electric and plug-in hybrid vehicles over the next several years. GM's Chevy Volt is expected to debut in the U.S. in 2010; BMW says it will test-market an electric car in Britain and other countries later this year; while Renault-Nissan plans to make an electric car by 2012. A Frost & Sullivan study reckons that by 2020, at least 15% of all new cars sold will be electric. (See the 50 worst cars of all time...
...each of the Big Six (the three domestic carmakers plus Toyota, Honda and Nissan, which together account for 75% of all vehicle sales in the U.S.) reported double-digit declines in sales. The declines ranged from 11% at Ford to nearly 42% at Chrysler. German automakers such as Volkswagen, BMW, Porsche and Mercedes-Benz also reported double-digit declines. (See the 50 worst cars of all time...
...German carmakers faring? They aren't doing great. Volkswagen, BMW, Porsche and Mercedes-Benz have all reported double-digit sales declines so far this year. On the plus side, the overall German share of the market is up slightly, but hanging on doesn't guarantee success. Both Porsche, which is in danger of being swallowed by BMW, and Mercedes-Benz parent Daimler AG have gone to the Middle East for more cash...
After receiving his degree from Harvard Business School in 2000, Sweet started a four-year stint as a principal for the Boston Consulting Group—traveling to different states and even consulting for BMW in Germany for a year, according to Mrs. Sweet. He then served as executive vice president for administration and finance at Baylor College of Medicine before taking the reins of FAS finances last September...