Word: gm
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Dates: during 2000-2009
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...GM finally turning a corner? Fueled by deep discounts, sales for the troubled automaker surged 47% in June. But that prompted Chrysler and Ford to offer generous incentives too, setting the stage for a brutal price war. GM is also banking on redesigned SUVs to lift sales, despite a shift in consumer sentiment away from the gas guzzlers. High profit margins on SUVs are critical to GM's bottom line. But just 34% of shoppers are now considering an SUV, a three-year low, according to a recent survey by Kelley Blue Book. Sales of fuel-saving hybrids, meanwhile...
...Jeff Israely and Adam Smith Keep On Rolling Were the obituaries for the auto business premature? Just a few months ago, major Western carmakers were on the skids. Standard & Poor's slashed the credit ratings for mighty Ford and General Motors to "junk" status in May; a month later, GM announced plans to cut 25,000 jobs. Sliding sales and depleted cash bumped Britain's MG Rover into administration in April. But it's summertime, and there are signs of life: GM's Employee Discount for Everyone promotion bumped its U.S. sales up by 41% in June, the best monthly...
...Jayram, 53, who own a five-bedroom house in Coral Springs, Fla., are about to trade in their 2002 Mercedes--it's time for something newer. That spells opportunity for General Motors, which has begun pushing Cadillacs in desi circles. "This is a great market," says Jean Liu-Barnocki, GM's manager for Asian-American marketing, "and we're putting some very targeted resources behind reaching...
...speak English, but we don't speak the same language," says Vivek Sharma, senior manager of India Abroad, a U.S.-based newspaper that, along with titles such as India Today, India-West and New India Times, is attracting ads from the likes of Mercedes-Benz, Lufthansa, New York Life, GM, Western Union, AT&T and the New York Times. Just consider that Sean, in typical eyebrow-raising rock-star fashion, picked actress Bipasha Basu for his music video in part because she was racy enough to have had an onscreen kiss--a rarity for a Bollywood star. The mores...
...GM plant in Dayton two weeks ago, 49 people were arrested for using and selling cocaine on the site, and 29 GM employees among those apprehended were fired. That capped a nine-month investigation by local police at the company's request, during which undercover agents purchased large amounts of marijuana and cocaine. On Jan. 2, the agents bought half a pound of coke for $14,000. Said Detective Nels Munson: "That's when we knew we had to move...