Word: demanding
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...about to be radically reshaped. So what will its future look like? It's difficult to imagine today, with consumers hunkering down, car loans drying up and the Detroit Three struggling to survive, but the global car business may be on the verge of a big upswing in demand. Companies that can meet consumers' needs for fuel-efficient yet stylish cars - and that have flexible manufacturing plants to turn out the hot products on demand - are likely to find huge opportunities for growth once the economy recovers. That's partly why there's so much riding on the Administration...
...Coming Car Boom Once the dust settles, the new GM, or whatever replaces it, is likely to see a marketplace of consumers finally ready to spend money on new cars. GM's executives aren't entirely off base in thinking that pent-up demand is building, because it is. "Assuming general economic recovery, in the developed markets we will see maybe 95% of what it had been," says John Paul MacDuffie, an associate professor of management and co-director of the International Motor Vehicle Program at the Wharton School of the University of Pennsylvania. U.S. auto and light-truck sales...
...Using the industry metric, which estimates that about three-quarters of current sales are replacement vehicles, demand will push past 13 million cars by 2012. O.K., so assume that some people will drive less, run their cars into the ground or - gulp - give up driving. You still don't lose much. What's known in the industry as "density" - the ratio of vehicles to drivers - continues to increase...
...advancing at a clip of 1% per year. But more important, the baby-boom echo is getting its wheels. Between immigration and the offspring of boomers now asking for the car keys, at least 2 million new drivers are entering the market every year. That invariably adds to demand...
...cure certain diseases - most famously, scrofula, a terrible skin ailment that was called "the king's evil." Thus, the miraculous contact had to be conserved. And so, whether a touch or a nod or a gaze, royal favor, like that of God, is not a subject's on demand; it is dispensed by kingly prerogative. (See pictures from the 2006 celebration of the Queen's birthday...