Word: carse
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It is no surprise that the row revolves around cars, an industry badly hit by the downturn. Sarkozy's loan package was announced the day Peugeot Citroen revealed 11,000 job cuts worldwide. Sales at German firms such as VW, Europe's biggest carmaker, dropped 16% in January, BMW, the...
Auto manufacturing is Europe's biggest industry, employing some 2.2 million people directly, while another 10 million are indirectly involved through a long supply chain. Car manufacturers' association ACEA says passenger sales in Europe fell 7.8% in 2008 and are expected to drop a further 15%. (January's figures are...
The quickest way to help the auto industry would be to make sure that no one in the U.S. defaults on a car loan. Certainly the government could make sure that people who are employed and do not have a history of being deadbeats get a portion of their car...
"Think about two cars colliding in an intersection," says Nicholas Johnson, head of NASA's Orbital Debris Program. "The individual speeds [of the satellites] were about 17,000 m.p.h., but the collision speed was 26,000." (See pictures of meteors that hit Earth.)
But the heart of the initiative is Masdar City, a community designed for 40,000, set to be completed by 2016, that bills itself as the city of the future. Cars will be banned, so residents will be whisked around the city on a personal rapid transit (PRT) system, an...