Word: partnerships
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...world have changed significantly since the agreement was signed." Neither company explained in detail why the discussions on the joint project, which began in 2007, fell apart. But Lin Huaibin, an auto industry analyst at research firm Global Insight in Shanghai, believes both companies brought problems to the partnership. Chery, he says, wasn't ready to produce a car of strong enough quality for the global market, while a struggling Chrysler didn't possess the funds needed to invest in the venture. Chery's Jin says that the company's global ambitions remain intact. Chery "will of course continue...
...work. "Chairman Rangel requested the review by the Ethics Committee and is confident that he behaved appropriately in these matters," Milne said in a statement he e-mailed to TIME.com. "He looks forward to leading the Ways and Means Committee in January as the new Congress works in partnership with our new President to create jobs and help our struggling families...
...Chrysler is a bit of a mystery. CEO Robert Nardelli has been somewhat scant on details for new products other than announcing an electric-vehicle platform that has so far not impressed anybody. No one would be surprised if Cerberus, Chrysler's owner, announced some kind of partnership or merger before the year...
...skeptical of market-based solutions to climate change in general, not just REDD.) That's partly thanks to a better understanding that "if deforestation is 20% of the problem, it should be 20% of the solution," according to Benoit Bosquet, team leader of the World Bank's Forest Carbon Partnership Facility, which helps developing countries prepare for REDD projects. Tree-spotting has improved; Japan's alos satellite uses cloud-penetrating radar to detect deforestation even in the rainy Amazon, making projects cheaper to police...
...Hawaii Governor Linda Lingle and her state's largest utility endorsed plans to build more than 70,000 recharging stations for electric vehicles by 2012. The project, expected to cost upwards of $70 million, calls for a public-private partnership with the California-based battery maker Better Place, which will build the stations and supply batteries to those who choose to buy or lease an electric car. Lingle hailed the plan as a major step in curbing emissions and rising energy costs. The state needs to do something; it spends nearly $7 billion each year on imported oil. Better Place...