Word: chryslers
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...Clearly that has changed, and young companies like GEM are taking advantage. GEM, which stands for Global Electric Motorcars, is a Fargo, North Dakota, subsidiary of Chrysler that's been selling small electric vehicles for a decade - or as GEM President Rick Kapser has said, "back when gas was a $1.25 a gallon." GEMs may look a bit like golf carts - and they may occasionally be used as golf carts as well - but they are real, street-legal vehicles, drivable on any road with a speed limit of 35 mph or less. Their success provides a good window into...
Similar thinking is behind Mainetti's purchase. He has been building his Michelangelo Fund around investments in so-called trophy properties, which have historical or architectural value beyond the typical calculation of location and square footage. In 2005, he bought a 27% stake in the company that owns the Chrysler Building. A year later he acquired a minority share in the Flatiron, which today is valued at a total of $180 million. With the latest deal, he holds a 53% share of the famous building. "The Flatiron is expensive, but with the [cheap] dollar, it made sense to increase...
...idea of just how similar the attacks on Japan were in the 1980s to those launched at China today, take a read of these comments by Lee Iacocca, made when he was chief at Chrysler (before the Germans bought it, then dumped it). He wrote in his autobiography that "our economic struggle with the Japanese is critical to our future" but that "the field where this game is being played is not level." He complained that "their currency manipulation is enough to bring you to your knees." The solution, he determined, was to "replace free trade with fair trade...
...with hip-hop ostentation? -Jens Jensen, ChicagoI don't think so. I think one watches the Grammys, one watches the fashion shows, and the reality is that sports, music, fashion - they're global trends. I knew that to be the fact when I saw Lee Iacocca appear in a Chrysler ad with Snoop Dogg. Or when water was being advertised by 50 Cent. You know, c'mon guys. We don't court it, we don't overly promote it. Charles Barkley took me to task for having Big & Rich at the Denver All-Star Game (in 2005) because they weren...
...take the hit. Raise prices, and consumers foot the bill. Cut costs, and companies may be forced to fire the very workers that unions are supposed to protect. The United Auto Workers union, for example, has crippled Detroit automakers with high labor costs. Now, workers are feeling the pain. Chrysler LLC plans to lay off 12,000 workers this year after cutting 13,000 jobs last year. Americans are wary of unions for good reason. After shooing workers into Big Labor’s arms, Obama will shame businesses with the Patriot Employer Act. It offers a one percent...