Word: gas
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...that changed with hybrids. Although Honda launched the Insight, which had gas mileage superior to its main competitor, the Toyota Prius, the latter vehicle seized the public imagination, thanks to better drivability and better marketing. "In North America, Honda got caught with its pants down on hybrids," says Eric Noble, head of the auto-consulting company the CarLab. "They've been badly eclipsed by Toyota on looking green...
...engine. Diesel is the choice of fuel-guzzling 18-wheelers, but it burns as much as 30% more efficiently than gasoline. It's also dirtier. But last month Honda unveiled an engine that uses a new catalytic converter to block pollutants like soot and nitrogen oxide, a greenhouse gas. Honda says the engine, which it expects to market in the U.S. by 2009, will meet California's new emission regulations, the toughest in the world. That could translate to a competitive advantage, since big states like California can shape the global market. "It's a real coup," says Philip Gott...
...certainly better at listening to consumers," says Noble. John Mendel, senior vice president for American Honda, notes that there are "robust conversations" between the design and the sales sides but says the emphasis on conservation means that Honda has long anticipated consumer desires. "We were doing fuel efficiency when gas prices were a $1 a gallon," he says. "This is not a change...
This history is pretty clear, but what happens next, less so. The North complied with its obligations to freeze its nuclear program but later began to cheat by secretly receiving components for a gas-centrifuge uranium-enrichment facility from Pakistan. The Clinton Administration planned to take up the matter with the North, but time...
...green or otherwise. In its annual survey of equity funds, Barron's/Value Line ranked him the top manager in the aggressive-growth category and the ninth best overall this year--quite a feat for an investor who won't go near certain sectors of the market, like oil and gas, even if they are sizzling...