Word: germane
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Dates: during 2000-2009
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...their doors for good. Meanwhile, each of the Big Six (the three domestic carmakers plus Toyota, Honda and Nissan, which together account for 75% of all vehicle sales in the U.S.) reported double-digit declines in sales. The declines ranged from 11% at Ford to nearly 42% at Chrysler. German automakers such as Volkswagen, BMW, Porsche and Mercedes-Benz also reported double-digit declines. (See the 50 worst cars of all time...
...German carmakers faring? They aren't doing great. Volkswagen, BMW, Porsche and Mercedes-Benz have all reported double-digit sales declines so far this year. On the plus side, the overall German share of the market is up slightly, but hanging on doesn't guarantee success. Both Porsche, which is in danger of being swallowed by BMW, and Mercedes-Benz parent Daimler AG have gone to the Middle East for more cash...
...German government held high-level talks with top security and intelligence chiefs in Berlin on Thursday to discuss the growing threat posed by Islamic extremists and to coordinate counterterrorism measures. Intelligence officials are alarmed by the rising number of videos posted online by militant Islamists who say they are specifically targeting Germany. Up to 13 videos are reported to have appeared on the Web since January, many of them referring to the deployment of German troops in Afghanistan. (See pictures of U.S. Marines opening a new offensive in Afghanistan...
...nasty, vindictive battle that, in keeping with bad cases of sibling rivalry, risks spiraling out of control and hurting everyone involved, including the shareholders, customers and workers at the two German automakers. And, as so often in family battles, it seems to center on power and control rather than substance. (See the 50 worst cars of all time...
...Porsche turned to the German government for help, but was rebuffed. Wiedeking has been negotiating with the Gulf state of Qatar over a cash infusion, but has so far failed to reach any deal. Piech sees the crisis as an opportunity to turn the tables and for VW to take control of Porsche, rather than the other way around. He's offered to buy Porsche's auto operations - but in a manner that provoked a furious response. Last weekend, the usually press-shy Wolfgang Porsche fired off an angry statement to the media accusing his cousin of issuing an ultimatum...