Word: forde
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...Rive Gauche and cosmetics arms of Yves Saint Laurent were sold to Gucci in 1999. The designer has not embraced the collections of the label's new head man American Tom Ford, but the public has, and sales more than doubled the first year. Saint Laurent hung on to control of his first love, the couture house, which ran at a loss of $11 million a year. It will not continue beyond him. Couture has been pronounced dead many times before, but his departure may be the coup de grace. With an emphasis on the grace...
That's the big question: whether Lutz can push GM to produce not just one concept car that may or may not ever hit the streets but lots of beautiful, must-have cars. Despite a booming truck business and recent gains in market share against its troubled crosstown rivals Ford and Chrysler, GM still lumbers under the burdens borne by all the Big Three: in a stagnant economy, overcapacity and intractable labor costs have obliterated profit margins. Meanwhile, the soaring value of the dollar against the yen is giving Detroit's Japanese competitors an even bigger advantage than they already...
...vehicle that was recently awarded top honors by J.D. Power & Associates for customer satisfaction among light SUVs. The trouble is, not many customers can stop laughing long enough even to look inside an Aztek, whose boxy, butt-ugly design has inspired more jokes than any vehicle since the 1957 Ford Edsel. It's kind of what Lutz had in mind a year ago when he described GM's products, among others, as resembling "angry kitchen appliances...
...speed. He not only loves sports cars but also flies his own Czech L39C jet fighter and sometimes commutes to work in his own helicopter. Born to Swiss parents in Zurich, Lutz has always moved back and forth between Europe and the U.S. He smashed his uncle's Ford coupe into a wall at age eight and walked away from a helicopter accident in 1991. He started at GM in 1960, cruised through BMW, lodged at Ford and then landed at Lee Iacocca's Chrysler in 1986. Lutz has become legendary in Detroit for his fearlessness, whether he's flying...
Looking forward, auto-industry analysts are encouraged that CEO Wagoner, 48, has brought in outsiders like Lutz and chief financial officer John Devine (recruited from Ford a year ago). The hope is that they will be able to energize GM's vast talent pool, the engineers and designers largely ignored by bureaucratic prior regimes...