Word: bmw
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...collapse of the new-car market in the second half of 2008 translates to pain all around. Every major carmaker, with the exception of Subaru, reported a sales decline in 2008, including luxury manufacturers Mercedes-Benz and BMW - once considered invulnerable to a recession...
...Still, most southerners champion their region's low-tax, non-union style of economic development, which they credit for luring overseas car companies like BMW and Kia to build major plants from Kentucky to South Carolina to Texas. More important, after spending the 20th century as America's industrial backwater - and after watching the conservative Reagan revolution they once led fade away in last month's presidential election - they hail the idea that the South is rising again in the 21st century. "The sense of confidence is palpable," says Jim Cashman, a management professor at the University of Alabama...
...biggest problems is the way teams are funded. The bulk of the resources for top performers comes from major carmakers. BMW, for instance, contributed an estimated $200 million to its team this year, nearly six times the sum invested by Indian Vijay Mallya, the billionaire owner of Fisichella's Force India. Small teams struggle to make up the difference through sponsorship or their share of the sport's commercial rights...
...happens, Ferrari and other big teams say they would consider abandoning Formula One. Perhaps, as has been suggested in the past, a few big teams might even set up rival races. "Why would Toyota want to use somebody else's engine? Why would Ferrari? Or Honda? Or BMW?," asks Jackie Stewart, a three-time world champion and former team boss. "The whole reason they're in the sport is not only to be able to win on Sunday and sell on Monday - it's also a gymnasium for talent and technologists...
...video as well ... Mobile phones have evolved into small computers, and the iPhone has changed people's views of what a phone should be ... Your television is going to be connected, as is your set-top box ... Your automobile is going to be connected. We're working with BMW, they have wonderful products they're designing into cars coming out in four or five years that can provide real-time information, like traffic updates and other information that's important to you. So having that technology be pervasive and be useful to us, I think will improve the quality...