Word: profitability
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Dates: during 1990-1999
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...trend toward comprehensive component systems had been gathering steam for decades, but it was the recession of the early 1990s that got things boiling, especially in Europe. With profit margins pushed beyond the agony point, companies began letting their suppliers do more of the engineering and preassembly of integrated systems in increasingly complex cars. Air-bag makers like Sweden's Autoliv, for example, started buying up or forging partnerships with companies that make sensors, steering wheels and other related products and offering car companies complete, preassembled safety systems...
...Metallgesellschaft. Budd Automotive, which introduced the all-steel body in 1914, is now part of Thyssen Budd Automotive, which will soon be folded into emerging industrial conglomerate Thyssen Krupp AG. Carmakers themselves are also creating new players. Both Ford and GM have turned their component divisions into distinct profit centers with fancy names like Visteon and Delphi, and Renault and Fiat recently announced they were blending their foundry activities into a $2 billion-a-year systems supplier...
...managers, who, whatever the merits of their case, put a lie to the assumption that all politicians are driven solely by polls and survival instincts. One could wonder where their compass pointed, but no one mistook it for a weather vane. Henry Hyde argued that "there's no political profit in this. A President Gore would not be helpful to the Republican Party." But when Hyde faced the Senators, he challenged them to larger purposes: "I have always believed that there are issues of transcendent importance that you have to be willing to lose your office over...
Republicans are hoping they can profit from Clinton's shortcomings in a subtler way, by playing up questions of character without tying them to particulars of sexual behavior. In a speech in New Hampshire last week, Elizabeth Dole talked about how "the presidency has been tarnished...words have been devalued, and institutions have squandered respect." Other Republicans are refining the language they will use to accuse Al Gore of passive complicity in the actions that brought Clinton to the brink of removal from office. "If Clinton is Teflon, Gore may be Velcro for a lot of this," says Castellanos...
...creator of the mischievous storybook monkey Curious George, bequeathed 20 percent of her estate to PBHA. Her will divided the remaining 80 percent among 15 other non-profit organizations, with WGBH and the Longy School of Music receiving the next largest shares...