Word: gm
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Dates: during 2000-2009
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...develop their own hipster cars. Toyota is doing a bang-up job financially, forecast to post profits of $10.8 billion in its 2005 fiscal year, according to Prudential Equity Group. The company is gunning for 15% of the global market by 2010, which would most likely vault Toyota past GM as the world's largest automaker...
...GM's story is laced with warnings for its fast-rising rival. While GM is still the world's biggest automaker, its North American market share has slid for years despite costly incentive programs. Saddled with excess capacity and sluggish sales of all-new cars like the Pontiac G6, the company recently forecast a first-quarter loss of nearly $850 million. Highly profitable, full-size SUVs like the Chevy Tahoe risked looking like beached whales as record gas prices crimp sales and consumers shift to smaller models and hybrids made by rivals. (Until recently, GM dismissed passenger-car hybrids...
...starred as a hard-rock singer at Peter Gammons' annual charity fundraiser in Boston in January-Arroyo and his cornrows, and now he's got a CD of Pearl Jam and Stone Temple Pilots covers coming out in July. Theo himself was on guitar that night: a Yalie GM rock star...
General Motors certainly hopes that will be true. The company is betting its reputation and resources that the Saturn project will be the factory of the future. If GM succeeds, American industry will have proved that it has not lost its vision and verve. --By Charles P. Alexander. Reported by Barbara Dolan/Detroit and Joseph J. Kane/Spring Hill
Spring Hill is a scenic town set amid rippling cornfields and rolling meadows. Last week its citizens were almost as excited about GM's imminent arrival as they were over an important Little League game in which Andersen's Hardware blasted Jack Warren's Stables by a 30-14 score. At the Poplar Inn on Main Street, where townspeople and truckers can always enjoy pork tenderloin, biscuits and the latest gossip, diners were abuzz about how Maclin Davis, a Nashville lawyer, had accumulated options to buy 4,000 acres around Haynes Haven farm. A few residents had mixed emotions...