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...auto industry crisis was beginning to look complicated, the latest news from Chrysler is sure to make it a head spinner. The deal announced this week not only gives Italy's Fiat S.p.A. a flexible stake in Chrysler, but turns the ultimate control of the automaker into the financial equivalent of a five lane roundabout...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...present, Chrysler officials believe Fiat is indeed serious about the deal. Fiat executives came through Chrysler's design studios in Auburn Hills in mid-December to look at Chrysler's latest designs and future products, says Chrysler vice president Ralph Gilles, who believes they left with a better understanding of where the company is headed from a design perspective and of Chrysler's potential. "We're very flexible," he added...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

...relatively stable economy, quarterly earnings releases and public company forecasts can be useful guides to Wall St. Corporations can actually look out a three to six months and forecast how their business should do with some degree of accuracy. But, as securities analysts have shown time and time again, missing projections is commonplace even when the business world is at peace...

Author: /time Magazine | Title: Why Earnings Don't Matter in the Current Economy | 1/23/2009 | See Source »

...verses. "Don't say that everything within is Western-style," wrote one detainee. "Even if it is built of jade, it has turned into a cage." Added another: "Imprisoned in the wooden building day after day/ My freedom is withheld; how can I bear to talk about it?/ I look to see who is happy but they only sit quietly...

Author: /time Magazine | Title: The Other Ellis Island | 1/22/2009 | See Source »

President Evo Morales, Bolivia's first indigenous head of state, prides himself on state control over natural resources he nationalized the country's (massive natural gas reserves in 2006). If the past is any indication, electric carmakers should look to the Andes with sober eyes. "This is a unique opportunity for us," says Bolivian Mining Minister Luis Alberto Echazu. "The days of U.S. car companies buying cheap raw materials to sell expensive cars are over." Indeed, Bolivia's lithium abundance could put car manufacturers in the position of replacing one energy-rich Latin American U.S. critic - Venezuelan President Hugo Chavez...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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