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...Importantly, all three companies promised to make money by 2012, even in a worst-case scenario of selling just 12 million cars and light trucks annually - 4 million fewer than in 2007. The key is a revamped portfolio more heavily weighted to smaller cars and crossovers, as well as to hybrids and electrics that are far more efficient than the current fleet. That's crucial because Detroit currently loses money making cars in North America. You see the problem...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

...Chairman, I don't want to make light of this," Shelby tersely replied, citing a CNN poll released Thursday that showed 60% of Americans are opposed to bailing out the automakers...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...next time you flick on a light switch, consider this: about one-fifth of the world's electricity is used for lighting, and most of it is squandered. Traditional ? incandescent light bulbs invented more than a century ago remain the norm, but they are horribly inefficient. Only about 5%-10% of the energy they consume is used to produce light, while the rest is burned off as useless heat...

Author: /time Magazine | Title: Lighting: Bright Idea | 12/4/2008 | See Source »

Bijlsma runs the consumer luminaries business for Dutch company Royal Philips Electronics. He's feeling particularly upbeat these days because he's about to launch a new line of high-tech products that use only a fraction of the energy of traditional lighting. The oblong object he's holding is a table lamp. It's just one of 50-plus lighting fixtures (luminaries, in the industry jargon) in a new range based on the latest in digital light-emitting diode (LED) technology, which can produce a warm, white light that comes close to rivaling halogen lamps but uses only...

Author: /time Magazine | Title: Lighting: Bright Idea | 12/4/2008 | See Source »

...descended on the main site of the attacks. They crowded the streets around the Gateway of India, the landmark arch the faces the historic Taj Mahal hotel, where gunmen had holed themselves up for three days. Amid the press of bodies were a few scattered pockets of space and light - either candle-lit shrines left by the public in vigil or camera crews surrounded by the vocal and vociferous crowd. They called for an inchoate assortment of things: the heads of bungling politicians, the end of taxes, the bombing of Pakistan. Similar rallies took place in all of India...

Author: /time Magazine | Title: A Rally in Mumbai: "Remember 26-11!" | 12/3/2008 | See Source »

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