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...make matters worse, the company's international partner, DaimlerChrysler, has refused to provide it with new financial support. In April, DaimlerChrysler Chairman Jurgen Schrempp asked banks linked to Mitsubishi to forgive some of its $9 billion in debt as a precondition for the German-U.S. auto giant's participation in any bailout. But he was turned down. Soon after, Rolf Eckrodt, the DaimlerChrysler-appointed president of Mitsubishi Motors, resigned. DaimlerChrysler, which has already invested $3.5 billion in Mitsubishi's auto and truck businesses, says it has no intention of selling its 37% stake in Mitsubishi Motors?but, warns Standard...

Author: /time Magazine | Title: Mitsubishi's Shame | 6/28/2004 | See Source »

...shipwreck 60 miles off the coast of New Jersey. He quickly rounded up a dirty dozen of recreational divers, including a Vietnam veteran named John Chatterton, and sailed out for a look-see. A quick underwater peek revealed that the wreck was, unbelievably, a World War II--vintage German U-boat, nestled on the ocean floor. Nobody--not the Navy, not the historians, not even the few surviving German U-boat captains--knew what it was doing there...

Author: /time Magazine | Title: Books: New Jersey's Lost U-Boat | 6/28/2004 | See Source »

...team, led by the intrepid Chatterton, began to explore the mystery U-boat. At that depth they could stay down for just minutes at a time, so they had to work methodically, room by room, dive by dive. The wreck began gobbling them up just as methodically: the first to die was an affable hobbyist named Steve Feldman, who lost consciousness and drowned. Others didn't go as peacefully, but with each death the divers only became more determined...

Author: /time Magazine | Title: Books: New Jersey's Lost U-Boat | 6/28/2004 | See Source »

Wherever I went in the house, I carried both cordless and cell phones and the laptop. At one point, I was under the bathroom sink, failing to unblock the U bend, when she called to say, "I'm coming up on Oklahoma City. How do I get from I-40 to I-44?" A few mouse clicks, a look at the map, and I was able to talk her through the interchange. (That happened more often as she moved east to larger cities like St. Louis, Mo., and Indianapolis, Ind.) On the second night, Gabby found a place to stay...

Author: /time Magazine | Title: Daddy OnStar | 6/28/2004 | See Source »

...clashing charges are the latest example of the two countries' long grudge match. In his radical heyday, Gaddafi railed against the pro-U.S. Saudi monarchy, and Libyan officials claim that the Saudis are funding Libyan opposition groups. A Libyan source close to Gaddafi says, "Those groups tried to kill the leader twice," and adds that Mohamed Ismael, a Libyan in Saudi custody as a suspect in the alleged plot against Abdullah, was merely financing Saudi reformers. The source says the accusations are part of a Saudi smear campaign against Saudi dissidents. For their part, fumes a well-placed Saudi...

Author: /time Magazine | Title: Gaddafi And The Saudis: The Feud Lives On | 6/21/2004 | See Source »

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