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...succeed Jean-Martin Folz, 59, after he failed to reverse slumping sales. Streiff, 52, who has a reputation as a tough cost cutter, recently resigned as head of Airbus after just three months in the job. In Italy, meanwhile, Sergio Marchionne, 54, announced that after restoring Fiat's car division to profitability over the past two years, he'll be moving up next year to run the whole Fiat group. A replacement hasn't been announced, but whoever does get the job would be well advised not to expect lifetime tenure...

Author: /time Magazine | Title: In—And Out—Of The Driver's Seat | 11/12/2006 | See Source »

...teams have their own versions of software that analyzes thousands of variables--from weather and road conditions to fuel levels and competitors' probable actions--and how they may interact to affect a car's performance, before and during a race. The program spits out possible options and assesses the chances of success. Now that racetrack technology is coming to the equally fast-paced world of business...

Author: /time Magazine | Title: Very Rapid Response | 11/12/2006 | See Source »

...including the world's second largest tea business (Tata Tea), Asia's largest software firm (Tata Consultancy Services), a steel giant (Tata Steel), a hotel chain (Indian Hotels) and a sprawling vehicle-manufacturing arm (Tata Motors) that includes a bicycle factory in Zambia and a project to make a car selling for $2,200. Since Tata became chairman in 1991, he has multiplied the Tata group revenues seven times to an annual $21.13 billion. Since 2000, the group's market value has multiplied almost 18 times to $49.1 billion. For the past six years, Tata has been...

Author: /time Magazine | Title: Empires: India's Tiger | 11/12/2006 | See Source »

...Tata's answers is the $2,200 car, a four-door, rear-engine runabout he designed himself that's currently under development. Another is the Ace, a 700-cc truck that Tata Motors sells for less than $5,000; it's a runaway success. Purchases of these vehicles are supported by low-interest consumer loans from Tata Finance. Tata's hotel chain is building 200 hotels across India under the Ginger brand, offering air-conditioned rooms with wireless Internet access for 1,000 rupees ($22), one-twentieth of the cost typically paid by business travelers today...

Author: /time Magazine | Title: Empires: India's Tiger | 11/12/2006 | See Source »

...might have done better to perfect her recipe for humble pie. Allen's verbal missteps were amplified by an arrogance that even town car drivers were known to comment on, and that showed its ugly face when Allen was forced to comment on an unusual office accessory that had once graced his desk: just a "little old noose." Of course. Hardly big enough to hang a mouse, but quite large enough to rope in numerous allegations of racial intolerance, ranging from the credible (he has a peculiar fondness for the Confederacy) to the ridiculous and untrue...

Author: /time Magazine | Title: How Allen Blew It in Virginia | 11/9/2006 | See Source »

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