Word: carred
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...Working largely behind the scenes, Elkann has focused recently on the family's holding company, IFIL, Italy's largest company, with stakes beyond the car business in banking, corporate consulting and publishing. Increasingly, though, the new capofamiglia of the Agnelli dynasty is spreading his wings. Elkann was one of just a handful of executives quoted in the press after last month's keynote address by new Bank of Italy governor Mario Draghi. Three weeks ago he participated for the second time at the annual Bilderberg meeting, an invitation-only gathering of the international business and political élite. Elkann also...
...right. Thank you for awakening us. Nicholas Kerton-Johnson Bristol, England Consumers vs. Climate Change I was pleased to see Jim Ledbetter's essay [June 5] pointing out that individuals need help to slow global warming. I could put solar panels on my house, buy a hybrid car, collect and use rainwater and do a host of other things to curb my contribution to global warming, but the cost to do so is way beyond what I can afford. I am more than happy to do my bit, but someone has to help make it possible for me. Ron Kernahan...
...called Rules of Engagement that every U.S. soldier lives under are constantly changing as the insurgents adopt new tactics. As one U.S. serviceman who served in Iraq explains, "The nature of the fight over there has widely expanded the definition of threat. Car drives too close to your convoy - suicide bomber or stupid driver? Male with a shovel on the side of a road at 2 a.m. - coming home late from work or digging an IED hole? On the roof of a house within line of sight of an IED explosion - trigger man, cameraman, or just enjoying an evening...
...world's second largest tea business (Tata Tea); Asia's largest software firm (Tata Consultancy Services); a steel giant (Tata Steel); a worldwide 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 Ratan Tata became chairman in 1991, he has multiplied Tata group revenues seven times to an annual $21.7 billion. Since 2000, the group's market value has jumped 14 times to $39.9 billion. And over the past six years Tata has been on a $1.9 billion...
...Tata's answers is the $2,200 car, a four-door, rear-engine runabout that he designed himself and that is currently under development (he aims to sell a million of them a year in India after its release in 2008). Another is the Ace, a 700cc truck that Tata Motors sells for less than $5,000 and, since its launch in southern India in May 2005, has accounted for two-thirds of all trucks sold domestically. Purchases of these vehicles are supported by low-interest consumer loans from Tata Finance. Following the same model, Tata's hotel chain...