Word: gm
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Dates: during 2000-2009
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Last week the answer came: an explosion that hurled Perot off the GM board of directors and into the headlines. At a session that Perot agreed to skip, the other members of the GM board voted unanimously to buy back his 11.3 million shares of company stock for $700 million. In effect, they told the brash Texan that he could take his money and his loud mouth and go away...
...partnership had once seemed so promising. Both men shared the same vision and goal: to use technology to thrust General Motors boldly into the 21st century. When GM in 1984 bought Dallas-based Electronic Data Systems, the computer-services firm that Perot had founded, Smith was trying to inject high-tech know-how and a can-do spirit into a stodgy company. But the job of grafting an entrepreneurial operation onto a highly departmentalized, regimented and unionized organization proved to be more troublesome than anticipated...
...companies is that the wild swings in petroleum prices are spooking the auto industry. After years of paying lip service to improving fuel economy, automakers finally seem intent on producing alternatives to the internal combustion engine. That was apparent at the Detroit auto show this month, where GM and Ford unveiled advanced battery-powered concept cars such as the Chevrolet Volt and Ford Airstream. Even if the Detroit automakers don't build those models - and they probably won't - they know they need to get higher-mileage vehicles on the road, be it hybrids, hydrogen fuel cell vehicles, next-generation...
Computers are certainly doing some of the work. Companies like eBay, GM and Motorola have all used software from Massachusetts firm Idiom Technologies to help power their efforts in localization, as language targeting is sometimes called. Still, it often takes a real brain to differentiate terms in context: the word trunk can refer to a suitcase, a car hatch or an elephant's snout, for example...
...ominous as this sounds for Detroit, the flipside is that China represents one of the most promising markets for its products. General Motors' market share in China grew to 12.2% through the first nine months of 2006. GM's main Chinese joint-venture partner, Shanghai Automotive Industry Corp., produces Buicks, Chevrolets, even luxury Cadillac CTS sedans, and in 2006 GM's Chinese sales surged 32% to 876,000 cars and trucks, helping fuel profits in GM's Asia-Pacific region. GM expects sales in China to top 1 million units this year - making it one of the few fast-growing...