Word: gm
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Dates: during 2000-2009
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...place has felt the pain of General Motors' collapse quite as completely as Flint, Mich., which is about an hour's drive north of Detroit. Back in the early 1970s, GM had as many as 80,000 employees around Flint, making it one of the premier company towns in the U.S. But as GM's fortunes have fallen, so have those of Flint. GM is still the largest employer in town by far, but its Flint payroll has dropped to fewer than 8,000. Meanwhile, the Genesee County Land Bank owns more than 4,000 vacant residential properties...
...Rogers believes some eternal truths: that even God-fearing politicians lie about their intentions, and that governments will steal from you. "Think it won't happen here?" he asks. "Just look what they did to GM bondholders...
...GM's great hopes...
...Capitalism, he's back outside the gates of GM--which, after declaring bankruptcy, was far less solvent than Moore. Talk about the little guy triumphing over the system: somehow, in the past 20 years, the free-enterprise system has been kinder to the agitprop indie filmmaker than to his auto-giant adversary. A man who made his career attacking corporate America has become a pretty big business himself...
...segment is getting crowded. Toyota, Volkswagen, GM and Nissan are expected to roll out small cars in India over the next two years. Suzuki India, king of the tiny automobile, is investing $2.28 billion in the country over the next five years to upgrade factories and strengthen distribution for a raft of new models. Even GM on Sept. 24 announced an unusual collaboration with Bangalore's Reva Electric Car, makers of the G-Wiz, to produce small, affordable electric vehicles for India. Mulally said recently that India would play a big role in accelerating Ford's presence in the Asia...