Word: stuttgart
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Dates: during 1990-1999
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...hotels. The transatlantic traffic became so heavy that DaimlerChrysler, which owns 20% of Airbus, bought an A320 and outfitted it like an NBA charter so its executives could get some sleep between meetings. The 53-seat plane (an A320 normally has 150 seats) flies four weekly round trips between Stuttgart, Germany, and Auburn Hills, Mich...
...Foster rethought this completely and realized huge savings in structural mass and energy consumption could be made by shifting the utilities underground, leaving a floating roof and walls that could open to natural daylight. This changed architects' thinking about airport design worldwide, and every major airport built since--Hamburg, Stuttgart, Kuala Lumpur--has followed Foster's design insight...
Still, the hint of a deal with Ford was enough to pull DaimlerChrysler closer to Nissan, and the German-American auto giant may still step in to save the Japanese. Even before CEO Juergen Schrempp inked a deal to acquire Chrysler Corp. for $37 billion last May, his Stuttgart brain trust was urging him to buy a controlling stake in Nissan Diesel. That would give Daimler, the world's largest commercial-truck producer, a solid foothold in Asia...
CONVICTED, COOLIO, 35, award-winning rapper; of accessory to robbery; in Stuttgart, Germany. A store owner accused Coolio (born Artis Ivey) and his band of walking off with $940 worth of goods. Coolio said the incident was a misunderstanding. He was fined $30,000 and sentenced to six months' probation...
Schrempp, who will succeed Eaton as DaimlerChrysler's chairman after the first three years, might be the kind of Mercedes executive who can bridge that gap and make this marriage work. A former apprentice mechanic, he arrived in Stuttgart in 1987 and made--and later unmade--an ill-fated deal with Dutch aerospace firm Fokker. He also did a stint at a Daimler division in Cleveland, Ohio. When Daimler fell deep in the red in the mid-'90s, he embarked on a series of American-style cost-cutting programs that reduced the work force by some...