Word: low-cost
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...understand why, let's go back to May 2005. Back then, CEOs loved China because it had become the world's low-cost, increasingly high-quality manufacturing hub. They loved its vast and growing ranks of middle-class consumers. Most of all, the capitalist bosses loved working with officials of the nominally communist Chinese government, who were far easier to deal with than the politicians back home. And why not? On one side, you had autocrats who feared losing their grip on power if the economy didn't keep growing; on the other were autocrats who feared losing their grip...
...Bird. JetAmerica, a new low-cost airline, is scheduled to start service in July to four U.S. cities - Toledo, Ohio; South Bend, Ind.; Lansing, Mich.; and Melbourne, Fla. The new venture is starting small, flying just one Boeing 737-800, with plans to add new aircraft by July 2010. For now, the big draw is JetAmerica's fares: depending on the flight, the first nine to 19 seats will sell for just $9 each, with the rest of the seats sliding up in price to $199, depending on how quickly you book. No matter how low your base fare, there...
...mantra proved fleeting. The first imperative of commerce - to add value and thus earn profits - is too narrow to host all the civic expectations attached to the auto industry. If GM's only task were to make money, the company would shutter its car factories (or move them to low-cost countries) and churn out light trucks...
...Bargain-basement housing is a departure for Tata, which previously has developed luxury apartments costing upwards of $220,000, along with office complexes and shopping malls. The property company is planning to build 4,000 of the low-cost homes across India over the next four years. Projects near Bangalore in the south and Gurgaon in the north are the next destinations...
Strong initial orders for Tata Motors' new ultra-cheap car, the Nano, have boosted the struggling Indian carmaker's finances while prompting competitors to launch their own low-cost models. (Read "The World's Cheapest Car Debuts in India...