Word: volkswagens
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...many European countries--managers have had to make tough choices that have proved politically controversial. In Europe, unions still have considerable political power, not to mention seats at the board of directors table. DaimlerChrysler has said it is looking for a reduction of 14,500 jobs at Mercedes, while Volkswagen in February announced 20,000 job cuts. In such an environment, Renault appears to be defying gravity by promising ambitious results without the pain of slashing labor costs. Indeed, Ghosn is pledging to increase annual car sales by 800,000 units by 2009, double operating profit margins and improve product...
Heidi Journey's dreams of opening her own business were shattered when the bank she applied to for a loan found out about her credit history. Journey owed $10,000 on a Discover card, had a Volkswagen Jetta repossessed after failing to make payments, broke an apartment lease, didn't pay college fees and owed money on utility and cell-phone bills...
...India. In the auto industry in particular - still the bellwether for a globally successful manufacturing sector in many European countries - managers have had to make tough choices that have proved politically controversial. DaimlerChrysler has said it is looking for a reduction of 14,500 jobs at Mercedes, while Volkswagen in February announced 20,000 job cuts. In that environment, Renault appears to be defying gravity by promising ambitious results without the pain of slashing labor costs. Indeed, Ghosn is promising to increase annual car sales by 800,000 units by 2009, double operating profit margins, and improve product and brand...
...when he was president, drove his own Volkswagen...
...Volkswagen Sources: Power Information Network, a division of J.D. Power and Associates