Word: gm
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Dates: during 2000-2009
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...cost automaking tools worldwide, says Jay Baron, president of the Center for Automotive Research; marketing assembled cars is the next logical step. A common Chinese auto strategy has been to join forces with foreign firms to develop the home market. The Shanghai Automotive Industry Corp. has partnered with GM, and DaimlerChrysler AG is raising its stake in a venture with Beijing Automotive Industry Corp. to 50%, up from 42%. The converse is happening as Chinese makers aim for the 16.9 million-- vehicle U.S. market. The first player may be Chery, based in Wuhu City, which is partnering with Visionary Vehicles...
Ever wonder what a global shift in corporate power looks like? Take a look at this month's acquisition of Atlanta-based MortgageRamp, a unit of GMAC (GM's credit subsidiary), by OfficeTiger, an outsourcing firm based in Madras, India. The $25 million deal will expand OfficeTiger's U.S. reach and give it entry into a highly skilled business: real estate. MortgageRamp is critical for banks investing in the superhot real estate market; its employees size up risks in commercial properties, evaluating everything from environmental hazards to tenants' credit profiles...
...environmental downside? Groups like the Sierra Club say the rules would have the perverse effect of encouraging carmakers to bulk up vehicles so they would fall under more lenient m.p.g. standards. Automakers such as Ford and GM might even be tempted to give up building small cars altogether because they would no longer need them to improve their overall fuel-efficiency numbers...
...Condoleezza Rice on the seventh floor of the State Department, they are seated down the corridor from Rice's office, in a drawing room decorated with patterned carpets, Georgian furniture and a grandfather clock. Above one sofa hangs a framed, four-page document, typewritten and signed with the initials "GM." It is the original copy of the most famous speech ever made by a U.S. Secretary of State: George Marshall's commencement address at Harvard in 1947, the speech that led to the passage of the European Recovery Act, later known as the Marshall Plan. By today's standards...
...deal with Verizon Wireless, Nick loyalists can download three-minute videos of Blue's Clues or other shows on their mom or dad's cell phones. Even the family car is now a Nick zone: in a partnership with General Motors, episodes of Nick's series are programmed into GM Chevy Uplander SUVs equipped with specially designed portable digital systems...