Word: globality
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Dates: during 1990-1999
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...would attempt: an electric bicycle. "I spent all my life putting minivans and Jeeps in American garages," he says. "I think I have one vision left in me before I die, and it's electric." Fine, but a bicycle in the land of muscle cars? Definitely. Iacocca's EV Global Motors (as in, Electric Vehicle) plans to start distributing the Taiwan-produced E-Bike in February. His sales target for this year is an astonishing 1,000 bikes a week, a goal skeptics say is far too ambitious. "Can Iacocca go from zero to 50,000 in sales...
Keep in mind that, outlandish as it sounds, this scheme comes from a man who made his career betting against the short-term odds. No one is longing for environmentally correct transportation. But there has never been as much global political pressure to produce nonpolluting vehicles. In Asia and Europe, where noisy, gas-powered scooters are fast being outlawed, electric bicycle markets are exploding. Analysts like retired GM engineer Frank Jamerson expect even the minuscule U.S. market, led by enviroconscious California, to double this year, as it did in 1998, to a total of 30,000 bikes sold. "How deep...
...Iacocca launched EV Global in late 1996. Now EVG has 10 employees, support from Taiwan's Giant bicycle (which produces the E-Bike) and backing from private Swiss and Italian financiers ("Europe is our next stop," he says). Iacocca has also invested in Energy Conversion Devices, an innovative Detroit batterymaker run by former General Motors chairman Robert Stempel, and in Unique Mobility Inc., which designs some of the world's most advanced electric motors. "We're assembling all the people who want to be part of the electric-vehicle revolution," says Iacocca. "This is how you get it started...
...Gore weighed in on the world financial crisis today with a plea to Japan to restructure its financial system and open up to free trade. "America cannot be the importer of only resort," the vice president said. "Please, we need your help to deal with this global economic crisis...
...President said that he would achieve both objectives by "putting a human face on the global community." I am not sure what this means, or how it will help turn the United States into both a protectionist and a freely-trading nation. Maybe Clinton thought what works for him will work for the world--he seems to have been very successful at putting human faces on himself...