Word: builded
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China then has the oil to provide fuel for automobiles, the metal to build them and the country seems to be ready to shop for car companies. According to Reuters, the chief of China's large Chongqing Changan Auto Co. is prepared to take a vulture-fund approach to buying assets. He said, "The longer the crisis lasts, the bigger the chance of failure or a scale-down of some American and European automakers." It is a brutal but honest assessment of the industry, and a clear and public sign that China believe that "money talks...
China plans to compress the decades that Japanese companies needed to build large branded auto firms. It plans to complete the process in a year or two by simply acquiring existing, well-known brands. There is no reason that a Chinese car firm cannot use government money to bid for Chrysler's assets if it is forced into bankruptcy. In France, Citroen and Peugeot are facing financial problems that could get much worse if car sales remain anemic. GM's (GM) Opel unit in Europe needs immediate capital and may be sold at a loss for the No.1...
...trains. And, while, Amtrak’s trans-continental lines may be the object of ridicule, ridership on the Acela line has grown rapidly as fuel prices have made air and car travel less attractive to business commuters. We hope that new plans for high-speed rail expansion will build on this progress and make American rail travel a viable option once again...
...early days of Somali piracy, those who seized trawlers without licenses could count on a quick ransom payment, since the boat owners and companies backing those vessels didn't want to draw attention to their violation of international maritime law. This, Charo reckons, allowed the pirates to build up their tactical networks and whetted their appetite for bigger spoils...
...sufficient and took the unusual step of penning an Op-Ed in the Washington Post to say so. Meanwhile, Michael Wynne, the ousted secretary, was left to grumble in the blogosphere that Gates' blueprint is a "searing indictment of America's capability to design and build modern weapons" that will ultimately weaken the nation...