Word: carli
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...talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia's Sberbank. According to the German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...from other European sources. According to a report in the Times of London, U.K. business secretary Peter Mandelson is offering GM some $800 million if GM could guarantee the 5,500 jobs at its Vauxhall unit. Last week, Mandelson slammed the Germans for trying to buy protection for their car workers at the expense of GM employees in the U.K., Spain and elsewhere in Europe. (Read "Is This Detroit's Last Winter...
...closing days of Cash for Clunkers, car dealers were turning buyers away, the government website crashed trying to keep up with the paperwork, and even the purple cars were selling. So, what does it tell us about our national character when the most popular government program in years is an economically dubious, environmentally negligible, politically lazy handout from 99% of the population to the other 1%, all aimed at reviving the economy from its vegetative state...
...father Joe and his brothers Bobby and Jack, who also, historians say, probably strayed from their marital vows. In 1969, after leaving a party with a young single woman under ambiguous circumstances, Ted Kennedy steered an Oldsmobile into the waters off Massachusetts' Chappaquiddick Island. Kennedy escaped the sinking car, but the woman, Mary Jo Kopechne, died. He waited about 10 hours before reporting the accident to police and later pleaded guilty to leaving the scene of an accident. (See a video of Kennedy at the 2008 Democratic National Convention...
...nitrate, which can be used to make bombs. The PETN explosives matched those used in the July 29 ETA bombing of a police barracks in Burgos in northern Spain that injured around 40 people. Investigators say they believe materials in the caches can also be traced to the ETA car bomb that exploded on July 30 on the tourist-packed island of Majorca, killing two Spanish police officers...