Word: carse
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Last month, when Washington and Ottawa pledged to invest $60 billion in Detroit's biggest car company, Mexico - a partner in NAFTA and an integrated North American auto industry - was conspicuous by its absence at the negotiating table. (See the best cars from the 2009 Detroit Auto Show.)
That's more than a little surprising when you consider that Mexico has overtaken Canada in production of GM vehicles, making such popular name plates as the Chevy Silverado and Suburban. Last year GM made a total of 504,858 vehicles at four assembly plants in Mexico; that's 9...
With such a dramatic cost advantage to making cars in Mexico, it's no surprise that GM plans to max out production in that country as it struggles to shake off Chapter 11 bankruptcy protection and return to profitability.
Yes, GM has promised to keep 16% of combined U.S.-Canada output north of Detroit, but unless its new models can win market share from Ford and Toyota, it will continue its painful slide into oblivion. Also, as GM continues to shrink at home, it can trim a proportionate amount...
Even 18 months after her assassination, Benazir Bhutto's presence is ubiquitous in Pakistan. Portraits of the former Prime Minister, killed in a terror attack on an election rally in December 2007, continue to adorn government buildings, supporters' cars, and vast billboards. Visitors to Islamabad land at Benazir Bhutto International...