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...could say Chrysler has the red, white and blues. Despite spending nine years under German ownership, Chrysler remains the most American-focused of Detroit's Big Three automakers. The company - which was sold in August by Germany's Daimler to the private equity firm Cerberus for $7.4 billion - is more dependent upon the U.S. market than either General Motors or Ford. Only 8% of Chrysler cars are sold outside North America. While, in decades past, that may have been a sensible strategy, this concentration is increasingly a liability as U.S. market growth has slowed, and competition from imports is revving...

Author: /time Magazine | Title: Chrysler Eyes New Global Strategy | 9/28/2007 | See Source »

...refugees in earnest, he would be making it that much harder for an educated, moderate Iraqi middle class to reconstitute itself. How would Iraq "unleash the talent of its people and be an anchor of stability in the region," as Bush promised, if its doctors were practicing medicine in Detroit and its English speakers were in Langley, Va., translating Arab press reports...

Author: /time Magazine | Title: Access Denied | 9/26/2007 | See Source »

...prospective production plans, particularly the construction of a new assembly plant in Mexico that could be ready to export vehicles to the U.S. in about one year. Surprised union members cited job security as the key issue as they walked out of GM assembly plants around Detroit. "They just told us we were going on strike and it was about job security," said one member of UAW Local 594 in Pontiac, Mich. only moments after the strike began. In fact, UAW officials acknowledged that they had made scant preparation for the walkout until Monday morning...

Author: /time Magazine | Title: The UAW's Surprising Walkout | 9/24/2007 | See Source »

...moment, the official focus is job security. "It's about investment in new products and its about economic issues that affect our membership," said UAW President Ron Gettelfinger at a press conference at union headquarters in Detroit. Gettelfinger said talks would resume immediately, but after nearly 10 days of intense negotiations he did not sound optimistic about the prospects for a quick settlement. "It was going to be General Motors' way at the expense of the workers," Gettelfinger said. "The company walked right up to the deadline like they really didn't care." He added, "You can only be pushed...

Author: /time Magazine | Title: The UAW's Surprising Walkout | 9/24/2007 | See Source »

...York store) made it tough to compete on promotions, price or depth of merchandise. So Elfers went smaller. In 2003 she closed 32 underperforming stores and then six more before the company's 2006 sale, placing the brand in higher-end markets. The profitable East Coast, Chicago and Detroit stores remained because of their similar climate and customer profiles...

Author: /time Magazine | Title: Studying the Classics | 9/21/2007 | See Source »

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