Word: volkswagen
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...early 1960s GM was having trouble building small cars to compete with imports like the Volkswagen Beetle. Chevrolet's ill-fated Corvair, which Ralph Nader judged to be "unsafe at any speed," made few inroads against imports. Yet GM was lulled into complacency by the success of its Pontiac GTO and other trend-setting muscle cars. When buyers flocked to small cars during oil crises in the 1970s, GM's failure to produce a winning model was ominous. "They had become so arrogant and efficient at defining trends that when a fundamental shift took place, they failed to adapt," says...
...going the way of vinyl records. In a move that signaled the end may be near for a dying industry, Smith Corona announced it would shut down its last U.S. factory, in Cortland, N.Y., costing 875 jobs. The factory's operations are moving to Mexico, where they still make Volkswagen Beetles...
...Miami, who forced Christic to pay $1 million in court costs as damages for making frivolous charges). The generally conservative Perot and the left- leaning Christic are the oddest of allies. Nonetheless Christic general counsel Daniel Sheehan confirms that he drove Perot around Washington in a battered blue Volkswagen to call on secret sources...
...investments in environmental technology, says Hugh Faulkner, executive director of the Business Council for Sustainable Development. The council was set up to advise the Earth Summit about industry's views on environmental issues. After a year's work, executives from such firms as Chevron, Mitsubishi, Royal Dutch/ Shell and Volkswagen agreed on a set of business principles, including the need for sustainable management of resources, the charging of environmental costs against corporate profits, and the rule that polluters, not the public, must pay for cleanup...
...federation is making sure that everyone will be driving a Volkswagen when the competition opens at La Plagne. It will be a very hot model to be sure, but new, strict standards have been set for sled dimensions, materials and design. Only slight room is left for the fine-tuning of aerodynamics. The Americans, who have won no medals since 1956, hope to have a tiny advantage with sleds created for them by a sculptor who used to design autos. But success this time depends mostly on the person in the driver's seat. Among the best: Germany's Rudolf...