Word: carse
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It's a convenient American stereotype: Detroit makes cars, Dixie races them. But as the entire tortured debate in Washington over whether to bail out the ailing U.S. auto industry has shown, that distinction is as tired and broken as the Big Three's business models. In fact, the political...
And the foreign automakers based in the South, who account for almost a third of all cars built in the U.S., have now become the benchmark against which the Big Three are measured. As the various aid packages were being negotiated, first on Capitol Hill and then this week on...
It's late evening outside the Taj Mahal hotel on Delhi's Mansingh Road, and the row of cars lining up for security checks at the entrance is fast lengthening into a small traffic jam. Coming just as the wedding and party season was starting up, the brutal Mumbai attacks...
Auto dealers are putting out their own message of distress. Annette Sykora, chairwoman of the National Automobile Dealers Association, said that with each passing day, more dealerships are closing and more people are losing their jobs. "We've heard encouraging words from the White House, but time is of the...
Take, for example, the 1999 collapse of South Korea's gargantuan Daewoo Group in the wake of the Asian financial crisis. The end of Daewoo, one of the country's four largest industrial conglomerates, was a shocker, but not because anyone was surprised by Daewoo's abysmal financial condition. That...