Word: staking
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...industry has already undergone considerable consolidation. Along with its equity interest in Kia, Ford Motor Co. owns Jaguar PLC and a one-third stake in Mazda and is considering an alliance with Samsung Motors Inc. GM, still the world's largest automaker, owns Germany's Adam Opel AG, the U.K.'s Vauxhall Motor Cars Ltd., Holden's in Australia, 50% of Saab Automobile AB in Sweden and about a third of Isuzu. On top of that, GM operates a joint venture in Canada with Suzuki Motor Corp. and an assembly plant called NUMMI in California with Toyota...
...business is too capital and customer hungry to care about flags. Witness last week's other big news: Volkswagen's $713 million deal to buy Rolls-Royce, the once regal, now tarnished marque of British motoring. Ford also announced last week that it will consider increasing its 16.9% stake in Kia Motors Corp., South Korea's troubled No. 2 automaker, which filed for bankruptcy last summer. Audi is apparently considering purchasing Lamborghini. VW and Renault could be next...
...shrimp fishing, the wto ignores its own charter provision that allows actions that protect natural resources. The "enemy" of wildlife and the environment is not free global trade; it is poorly crafted trade policies that sell short the protections in which all citizens of the world have a stake. MARK VAN PUTTEN, President National Wildlife Federation Vienna...
KIRK KERKORIAN Billionaire raider sees his post-merger Chrysler stake treble to $5 billion. Gee, them that...
...just California is at stake. In the 1996 election, the AFL-CIO spent $35 million nationally, most of it in ways that favored Democrats. Now the G.O.P., which tried and failed two years ago to get a bill nearly identical to Prop. 226 through Congress, is hoping that 226 will propel the dues-permission idea across the U.S. At least eight states are considering the same kind of ballot measure. Supporters of 226 say it's a fairness issue. Why should union members have to finance campaigns for candidates or ideas that the workers may not support? In recent years...