Word: detroit
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...Last month, when Washington and Ottawa pledged to invest $60 billion in Detroit's biggest car company, Mexico - a partner in NAFTA and an integrated North American auto industry - was conspicuous by its absence at the negotiating table. (See the best cars from the 2009 Detroit Auto Show...
...promised to keep 16% of combined U.S.-Canada output north of Detroit, but unless its new models can win market share from Ford and Toyota, it will continue its painful slide into oblivion. Also, as GM continues to shrink at home, it can trim a proportionate amount of production in Oshawa without breaking its promise to the Canadian government. Early on July 8, GM reported a 34% decline in June sales, to 176,571 cars and light trucks, in its domestic market. Year-to-date sales have collapsed 41%, to 954,356 vehicles...
...best cars from the 2009 Detroit Auto Show...
...jazz-loving Marchionne, who left Italy as a teenager to move to Canada and for a while lived just across the river from Detroit, is not a micromanager. He declined to be interviewed, but in a first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...
...Pittsburgh Penguins wrested the NHL's Stanley Cup from the defending champion Detroit Red Wings in seven games...