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...typically competes. At the same time, he is wringing costs out of manufacturing through design changes and by getting relief from VW's expensive German work force. The firm recently announced that net profit was down 51% in the third quarter compared with a year earlier, and CFO Hans Dieter Potsch warned that the firm would take a charge of "a couple hundred million" euros this quarter to offset R.-and-D. costs...

Author: /time Magazine | Title: A Pitch to the Rich | 11/24/2003 | See Source »

...been no threat to the Mercedes S Class and BMW 7 Series, selling less than 8,000 units.) The strategy is taking its toll: last week, the company announced that net profit was down 51% in the third quarter compared to a year earlier, and Chief Financial Officer Hans Dieter Pötsch warned that the company would take a charge of "a couple hundred million" euros this quarter to offset R&D costs. Pischetsrieder insists the high-end strategy will pay off once the cars take hold with consumers...

Author: /time Magazine | Title: Revving Up Volkswagen | 11/2/2003 | See Source »

...declare their income to the taxman. So far, so good. But critics think it's strange - and possibly futile - to single out the Meisterbrief when the real causes of the country's economic stagnation lie elsewhere. "We have no lack of potentially self-employed persons," argues Dieter Philipp, president of the National Federation of German Skilled Crafts and Trade. "On the contrary, we have a reserve of 130,000 master craftsmen who would be willing to strike out on their own if the economic situation made it possible. Our poor business figures have to do with the economic situation alone...

Author: /time Magazine | Title: Let the Start-Ups Begin | 5/25/2003 | See Source »

DIED. ROBERT ATKINS, 72, influential, hackle-raising weight-loss guru; of severe head injuries from a fall on an icy sidewalk on April 8; in New York City. He bucked convention in his 1972 best seller Dr. Atkins' Diet Revolution, which advised dieters to trash the fruit salad in favor of high-protein, high-fat goodies like bacon cheeseburgers and butter, arguing that without carbohydrates to burn, the body would burn its own fat. Many of the 30 million who have tried the diet swear by it. But his regimen rankled mainstream medical groups, which called it extreme and said...

Author: /time Magazine | Title: Milestones Apr. 28, 2003 | 4/28/2003 | See Source »

...that creeping weed underfoot could be a sought-after (and very expensive) delicacy. German epicures are developing an appetite for native herbs and long-forgotten indigenous vegetables. This hunger is triggered by "the appeal of turning something simple and outdated into something special and new," says award-winning chef Dieter M?ller, whose three-star restaurant in Bergisch Gladbach's elegant Schlosshotel Lerbach offers such exotic treats as veal filet coated with turnip-rooted chervil and flat-leaf parsley...

Author: /time Magazine | Title: The Call of the Wild | 12/16/2002 | See Source »

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