Word: shrank
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...firm has an 18% share in Western Europe and has sold almost 2 million cars in the first nine months of 2003--it is struggling on this continent. The VW brand's U.S. sales fell 14.6% over that same period, to 221,177, and operating profits in North America shrank to $68 million in the first six months of the year, down from $944 million during the same period in 2002. While North American sales accounted for just 20% of Volkswagen's $101 billion in global revenues in 2002, they delivered 27% of its $5.4 billion in operating profits...
...market share in Western Europe, and sold almost 2 million cars in that region in the first nine months of 2003 - the company is struggling in the U.S. The VW brand's U.S. sales plummeted 14.6% over that same period and operating profits in North America shrank from $944 million to $68 million in the first six months of the year. While North American sales accounted for just 20% of Volkswagen's $101 billion in global revenues in 2002, they delivered an outsized 27% of its $5.4 billion operating profits. And VW clearly aims higher: around one-third...
...might expect the Prime Minister - tasked with running domestic policy while President Jacques Chirac plays diplomatic chess with George W. Bush - to be feeling a little anxious himself. It's not just his popularity that's taking a beating. The French government recently announced that the economy shrank by 0.3% in the second quarter, and in August unemployment figures started creeping up again. The government is still reeling from accusations that it bungled the response to the summer's heat wave, which left nearly 15,000 dead, and it faces condemnation from the European Commission for flouting...
...series of mini-scandals, like paying a $2,000 fine for improperly accepting box seats to a Jimmy Buffett show and other concerts. But voters haven?t been so tolerant of the ?Rockin? Rowland Tour,? as the local press dubbed it, since the economy tanked and state revenues shrank. Rowland has seen his approval ratings free fall from a high of 78% to 31% in July. He now jokes with state pollsters about not being so eager to field surveys...
...after events in the first half of 2003, circumstances not outright painful were bound to seem like relief. The Iraq war and SARS devastated numerous Asian economies. In the second quarter, previously dynamic South Korea slipped into its first recession since the 1998 Asian crisis, while Singapore's GDP shrank by 4.2%?that country's worst quarterly performance on record...