Word: gm
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Dates: during 2000-2009
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...fatal flaw of former Mets GM Steve Phillips was his refusal to rebuild, his stubborn belief that the team would contend and reach greatness with one or two added pieces. He didn’t grasp the concept that baseball isn’t like the NBA, where two superstars can turn any last-place team into championship material. Baseball teams can’t be fixed so easily. Successful teams build from the ground up and then fill in the pieces...
...COOLEST TECHNOLOGIES The diesel-fueled hybrid Opel Astra, which gets 60 m.p.g; Ford's Mercury Meta One, a prototype of a hybrid-powered SUV; and BMW's H2R racer, fueled by liquid hydrogen. GM also will reveal the hybrid system it plans for full-size pickups and SUVs...
Chinese pirate companies have long been accused of illegally copying easy stuff like shoe polish and digital movies. Now General Motors says a Chinese firm knocked off an entire vehicle--and Americans could soon start buying its cars. A unit of GM last month filed a lawsuit in Shanghai accusing Chery Automobile Co., the Chinese automaker, of filching production-line blueprints for a compact car, the Chevrolet Spark, which GM says cost "hundreds of millions of dollars" to develop. Chery's car, called the QQ, does indeed look like an identical twin to the Spark and comes in candy colors...
...GM has not revealed how it thinks Chery obtained the plans. But since Chery was once partly owned by GM's Chinese joint-venture partner, Shanghai Automotive Industry Corp., many suspect that GM's comrades passed along trade secrets. Regardless, Chery plans to build on its success at home to become the first Chinese automaker to crack the American market. It revealed plans to offer five models last week, including an SUV, at costs below anything riveted together by Detroit's Big Three. It has teamed with a legendary partner--Malcolm Bricklin, who brought the Subaru to America...
...huge impact on America. The reason is overcapacity. Although executives in Detroit would drink windshield-wiper fluid through a straw for the roughly 15% growth in car sales that China saw last year, in China that increase might be too slow to keep up with production. Foreign firms like GM, Volkswagen and Ford have invested billions of dollars in China to make far more cars than the market can absorb. Last year Chinese consumers bought about 2.2 million cars, and assembly lines in China should be able to make up to 8 million vehicles a year by 2010, even though...