Word: chrysler
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...chairman's relatively cautious strategy. The same may not be said of Kirk Kerkorian, the casino mogul and billionaire who owns nearly 10% of GM shares. He has lost an estimated $390 million on his stake and has indicated he may seek board representation. Kerkorian tried to take over Chrysler, and while he isn't expected to try that with GM, he's likely to lobby for Wagoner to speed up the turnaround, if not agitate for a tougher-minded outsider to take the helm...
Remele, who took design classes at Parsons School of Design in Manhattan and concentrates in the History of Art and Architecture, is full of intellectual and artistic allusions about his collection. Art Deco, Russian Constructivism, even the design of the Chrysler hood ornament, all come into play. He has fanciful names for colors: cream, thistle, champagne, dove...
...back on fuel-saving technologies. But the next generation of SUVs and pickups won't guzzle quite so much fuel. GM says its 2007 full-size models will get 9% better mileage. The 2006 Ford Explorer boosts mileage 10%, thanks to improvements like a six-speed transmission. Chrysler is reducing the electrical demand of the rear defroster, gaining one-tenth of an m.p.g. Little things like that won't erase our energy woes, but they're a start...
...giving it out for free as a “non-alcoholic alternative” from the Newsweek-sponsored Current Magazine tent (Estes, a Crimson editor, is president of Current Magazine). And, though not on company payrolls, many other student groups aggressively pursue sponsorship deals with companies like Daimler-Chrysler, Morgan Stanley, and Puma, holding events off-campus, where they say Harvard officials can claim no jurisdiction. None of these groups have been scrutinized by the College.According to the Student Organizations Handbook, a student group may accept cash and gifts from a sponsor. And as long as the display isn?...
...Mercedes, replacing Eckhard Cordes, a Schrempp confidant who had been in the post only a year. Zetsche says he plans to stay on as head of Mercedes even when he takes over the whole works. He is quick to caution against comparisons between Mercedes in 2005 and Chrysler in '02, but it didn't take long for Zetsche to strike. Mercedes just announced 8,500 job cuts in Germany. That's about 9% of the work force--by German standards a huge layoff. The company's hands were tied by a previous deal with unions that guaranteed jobs until...