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...Another is that despite a hefty profit margin on trucks, GM's overall global operating margins last year were a paltry 1%, to Toyota's 7%, according to Morgan Stanley's Girsky. Today's weak yen worsens that situation by boosting Japan's dollar profits even further. GM's vast overseas operations, with the exception of its joint venture in China, remain a disparate amalgam of brands like Saab and Opel and partnerships with struggling automakers like Isuzu and Fiat...
...plus side, in recent years GM has made vast engineering gains that are beginning to show in components like the light, powerful new I-6 Vortec engine. In marketing, last September GM initiated the 0% financing program, applied it widely and got a bigger sales boost than its rivals. That lifted its U.S. market share nearly a point, to 28.1%. Analysts warned the program would result in fewer buyers in 2002. But GM has drawn down its inventories enough that new customers will have to pay top dollar for particular models they want--which could offset incentive costs...
Looking forward, auto-industry analysts are encouraged that CEO Wagoner, 48, has brought in outsiders like Lutz and chief financial officer John Devine (recruited from Ford a year ago). The hope is that they will be able to energize GM's vast talent pool, the engineers and designers largely ignored by bureaucratic prior regimes...
...articles about the Seinfeld Curse--which has been blamed for the quick demise of both The Michael Richards Show in the fall 2000 season and this season's Jason Alexander bomb, Bob Patterson. But 0 for 2 in the world of sitcoms is actually about right. The vast majority of shows don't make it past one season. Louis-Dreyfus attributes that to the difficulty of writing for the medium. "The thing about comedy is that you can't fake it. With a drama you can fake it," she says. "You can't fake the funny...
Koch understood material substance, and he matched it with an unfailing sense of the beauty of paint as an autonomous surface, something to be enjoyed in its own right. His still lifes are exquisite. He was not attracted to raw landscape--liking neither vast American space nor the feeling of bugs in his trousers--but rather to the panoply of stuffs and textures with which he and Dora lived surrounded, the Great Indoors, and the light that bathed them. Everything gets equal attention from this light, and the structure of shadows and highlights Koch could raise from...