Word: italianity
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...General Motors fights for survival, the catalog of its recent woes must include the name Fiat. Not only did a 2000 partnership between the U.S. and Italian carmakers sputter badly - as the two companies struggled to find consumer-friendly models and integrate their production facilities - but also GM was eventually forced into an unprecedented $2 billion "divorce" payout to avoid having to purchase the then debt-plagued Fiat...
...both American and European carmakers face plummeting sales and an industry in flux, the storied Turin automaker is set to return to Detroit for a new, though less fixed, marriage. Fiat and Chrysler announced a nonbinding deal Tuesday to create a partnership that will give the Italian automaker a 35% stake in the smallest of the badly strapped American Big Three. The joint announcement stipulated that Fiat's commitment to its struggling partner would be solely an equity interest and that "the alliance does not contemplate that Fiat would make a cash investment in Chrysler or commit to funding Chrysler...
...negotiations in which GM was forced to buy itself out of the cumbersome put option in its alliance with Fiat. The then brand-new CEO of the Turin company, Sergio Marchionne, emerged as a tough-as-nails dealmaker as he sat across the table from top GM executives. The Italian-born, Canada-raised Fiat chief told his American counterparts they would cough up the full value of the put option or battle it out in court. GM blinked, and the huge payout added to its accumulating troubles that today leave the American auto giant struggling to avoid bankruptcy...
...Rabbi Hazan. I had arrived at this home expecting a warm, Jewish welcome from my host family. Instead, there I was, staring into a room of confused strangers when all I’d wanted was a bowl of Matzah ball soup. Scrounging together bits of English, Hebrew, and Italian, I attempted to explain my intrusion. I was in my third week in Rome and the winding, cobblestone streets had left me lost and alone. I had spotted a few men sporting yarmulkes—traditional Jewish skullcaps—near the metro stop. I had explained about Chabad, about...
Tucked almost invisibly into an office building at Metro Center, TOSCA is Washington's leading mecca of great Italian cuisine. One of the many lures of this quiet, well-regarded eatery - which has catered to everyone from Dick Cheney to Hillary Clinton - is its lovely bar. There, amid the politicos and lobbyists who fill the place each evening, you'll find Jay the barkeep who will make you a margarita so smooth and sublime that while you may forget where you are, you will never forget what you are drinking. And if you aren't ready for something that strong...