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...Perhaps most surprising: in China's hotly contested emerging car market, Hyundai's joint venture with Beijing Automotive sold more cars than any other automaker in the first two months of this year. In fact, with a compounded annual revenue growth of 20% over the past five years, Hyundai has been the world's fastest-growing major automaker since 1999, according to Lehman Bros. Hyundai is "putting pressure on everybody," says Rob Hinchliffe, an auto analyst at UBS. Indeed, even Toyota vice chairman Fujio Cho has acknowledged the blur that is getting bigger in his rearview mirror. "Hyundai has quality...

Author: /time Magazine | Title: Hyundai Revs Up | 4/18/2005 | See Source »

...quality-improvement efforts, admits, "When I first came to Hyundai, I, too, didn't think quality cars were important." But the new chairman made blemish-free manufacturing the top priority. To break down interdivisional barriers, Chung forced designers, engineers and factory managers to work as a team by creating joint committees to examine blueprints of new models and weed out potential defects. Twice a month, Chung summons senior managers of Hyundai and Kia into a conference room at his Seoul headquarters to analyze reliability issues, sometimes bringing in a whole car and lifting it up on a hydraulic platform...

Author: /time Magazine | Title: Hyundai Revs Up | 4/18/2005 | See Source »

...abducted lawn fixture from North Carolina with a conical red hat. In the real world, despite competition from Expedia and Orbitz , the Sabre subsidiary has also proved unforgettable, posting $4.9 billion in travel bookings for 2004 and $500 million in revenue. Next on her itinerary: Travelocity Europe and two joint ventures, Singapore's Zuji and Japan's Tabini...

Author: /time Magazine | Title: People to Watch in International Business | 4/17/2005 | See Source »

University President Lawrence H. Summers and Law School Dean Elena Kagan, in a joint statement issued early yesterday afternoon, acknowledged that Tribe committed “a significant lapse in proper academic practice” in the composition of the 1985 book. But Summers and Kagan said they are “firmly convinced that the error was the product of inadvertence rather than intentionality...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: School Won't Punish Tribe | 4/15/2005 | See Source »

Lisa Brooks, of Abenaki descent—who currently is a lecturer in History and Literature—received a joint appointment as Assistant Professor in the History and Literature Program and Folklore and Mythology Program...

Author: By Joy C. Lin, CONTRIBUTING WRITER | Title: Native American Profs Get Tenure | 4/12/2005 | See Source »

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