Word: consumerized
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The price of halfway restructurings was steep. In 1985, GM aped Japan's practice of building global cars - the idea was to share chassis and parts across brands, a strategy that made sense at the engineering level. At the consumer level, it was a disaster. Internal clashes for control removed...
Kids get so many values and messages from media. As a parent, you've got to have a dialogue with them about that. Whether you're talking about sex or violence or commercialism, a lot of the messages kids are getting come from the media. So you have to have...
It would be a mistake, however, to interpret the financial world's sanguine reaction to such a serious attack on India's financial and commercial capital as a sign of great hope for India's future. Business comes to India simply because it can't ignore a billion-strong consumer...
"To be fair, the circumstances are unusual ones," said GM's Chairman Rick Wagoner. "It's been a terrible for the industry. These are pretty bad numbers," he said, adding that the company is stretching its cost-cutting targets in response to collapsing consumer demand. "We hope our case is...
UAW President Ron Gettelfinger said Wednesday afternoon that the union was taking two immediate steps to help bolster the three struggling automakers, which he said are suffering a triple calamity of collapsing sales, tumbling consumer confidence and the frozen credit markets. (See pictures of the recession of 1958.)