Word: fiat
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...CRASH WAS CAUSED BY A WHITE FIAT, POSSIBLY DRIVEN BY A BRITISH AGENT. Traces of paint found on the wreck suggest that it glanced off a white Fiat made in the '80s, and a pair of witnesses saw such a car in the tunnel where the crash occurred. But plotting a crash would have been hard since the couple decided where they were going just a few minutes before hopping into their car. And would agents really use a decade-old jalopy as a murder weapon? Of course, that might be the true genius of the plan...
...presidency with an amazing 80% approval rating. And he has scored some important wins - Mexico's first serious crackdown on drug lords and the opening to public scrutiny of its corrupt and cryptic bureaucracy. In a nation where Presidents have long ruled like Aztec Emperors, Fox eschews executive fiat and has so far avoided the ego-driven financial catastrophes that marked Mexico's last four presidencies. As a former Coca-Cola executive and state governor, Fox was thought to bring the sorely needed touch of an honest CEO. But while his probity is still unquestioned, "we all overhyped his managerial...
Just after Fiat chief Gianni Agnelli died last January, the world got a rare glimpse of the company's heir apparent. John Elkann--the grandson Agnelli had handpicked six years earlier as his eventual successor--cut a striking figure at the wake in Turin, reminding many of the young Agnelli's poise and elegance. For now, Gianni's brother Umberto Agnelli, 69, controls Fiat Corp. But Elkann, 27, has become the man to watch...
Elkann is committed to the company. While getting his engineering degree at Turin's Politecnico University, he would sneak off for incognito stints at Fiat operations: a headlight plant in England, a production line in Poland. He continues to plug away in obscurity, and has declined to answer press queries about the future. Questions in the past were related to the tragic circumstances of Elkann's rise. Originally, his cousin Giovanni Alberto Agnelli had been tapped, but he died of cancer in 1997. Three years later, Gianni's son Edoardo committed suicide...
Elkann's duties now are centered at the company's investment group, IFIL, which has broadened its holdings to include banking, retail and ownership of Turin's soccer team, Juventus. But the core of the business is still cars, and that is where Elkann's mettle will be tested. Fiat saw its share of the Italian auto market fall from 60% to 39% in the late 1990s, before striking a stock-swap deal with General Motors in 2000. Fiat needs to reaffirm the brand at home and expand abroad. That was perhaps Gianni Agnelli's greatest achievement--and could...