Word: gm
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Dates: during 2000-2009
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...losses at Chrysler and Mitsubishi (in which he bought a ruling share last year) don't sink the entire company. Ford CEO Jacques Nasser has a collection of premium brands in his stable: Aston Martin, Jaguar, Land Rover and Volvo. But amid a weak economy, sales at Ford and GM are down some 15% this year, and even the luxury brands are under new pressure from smaller Japanese and German automakers...
Conservation is cool beyond the cappuccino-sipping communities. Much of Big Business is ahead of the Administration. Automakers may lack the single-mindedness that regulation may bring, but they have been making ever more economical cars. Ford and GM are dueling it out over whose emissions are lower and whose suvs will get more mileage. Toyota and Honda are spending billions on hybrid engine cars, while companies like GE and Whirlpool are developing more efficient low-BTU mousetraps, like dishwashers that can be programmed to click on in the middle of the night. A few bones thrown...
...FUEL EFFICIENCY With Ford and GM arguing over who is greener, it may be time to raise fuel-efficiency rules. Closing the light-truck loophole that holds SUVs to a lower standard could save almost a billion barrels of oil a year...
...message that "black power without green power is no power." In North Philly, that meant pooling black parishioners' greenbacks to build grocery stores and job training centers after race riots left shops and hopes in ruins. When he became General Motors' first black director in 1971, it meant persuading GM and other companies with business in South Africa to desegregate workers and pay them equally. The Lion of Zion left Philly in 1988; I first heard him roar 10 years later at a reunion sermon. The old-timers said it felt like 1968 all over again...
GETTING GREENER More companies are adding socially responsible funds to their 401(k)s. Even Ford and GM have started offering a few, including the Domini Social Equity index fund, which refuses to invest in environmentally unfriendly carmakers. Greens tend to be tech-heavy, and some index funds paid the price. The top-rated managed funds were able to beat the S&P with a clear conscience...