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...players. Chery's ambitions took a hit this week when a joint project with Chrysler to develop a small car for sale in the U.S. and elsewhere was terminated. In a statement, Mike Manley, Chrysler's executive vice president for international sales and marketing, said that the decision to cancel the cooperation agreement was made jointly by both companies because they "have realized that the economic situation and market environment around the world have changed significantly since the agreement was signed." Neither company explained in detail why the discussions on the joint project, which began in 2007, fell apart...

Author: /time Magazine | Title: China's Booming Car Market Shifts into Reverse | 12/11/2008 | See Source »

...President Bush has assured Indians that Mumbai’s prosperity will continue unchecked. I believe it. Some tour groups may cancel their visits to Mumbai. Businesspeople may be a little more leery about checking into the Taj. But it’s hard to imagine that Mumbai’s roaring engine of global capitalism will be held up for long, no matter how much destruction was wreaked by the latest group of terrorists...

Author: By Lois E. Beckett | Title: A New Coming of Age | 12/4/2008 | See Source »

...concessions would permit the automakers to delay payments to the retiree healthcare trust [VEBA] due during 2009 and cancel the controversial jobs bank immediately. The union also plans to re-open contract discussions with all three automakers and will consider what Gettelfinger describes as "modifications" to the current contract...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

Even more embarrassing was Sarkozy's subsequent decision to cancel a post-Olympic meeting with the Dalai Lama in France. Though the French President initially said that "it's not up to China to fix my agenda", he wound up declining and sent his wife Carla Bruni and Foreign Affairs Minister Bernard Kouchner instead. By the time the day of the meeting rolled around, the French press was reporting that the Dalai Lama had become so disgusted at Sarkozy's cave-in that the Tibetan leader feigned an illness to avoid having to greet the Plan B delegation. (In vain...

Author: /time Magazine | Title: Why China Keeps Picking on Sarkozy | 12/2/2008 | See Source »

...exclusively to the story. It was democracy as reality TV. Iraqis watched as politicians denounced each other across the parliament floor and as Maliki griped at a press conference that failure to ratify the pact would leave the U.S. in control of Iraqi airspace, giving Americans "the right to cancel even my flights...

Author: /time Magazine | Title: The Moment | 11/26/2008 | See Source »

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