Word: slovakia
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...take a grinding wheel to costs, which are among the highest in the industry because of expensive labor in Germany, where it runs 10 plants. VW has moved production to eastern Germany--to qualify for government aid and take advantage of lower wages--and to lower-cost countries like Slovakia. Pischetsrieder, known as a gearhead with a good grasp of finance and marketing, hopes to save $3.4 billion over the next five years. Some of the savings will come from sharing more components, like engines, transmissions and ventilation systems, across VW's models and brands. To instill a sense...
After a busy off-season that included coaching the US Under-17 National Team at the Five Nations Cup in Slovakia and a hectic first couple weeks as a Harvard assistant that included recruiting stops in Central Canada, Gene Reilly has finally unpacked his bags in Watertown and is hanging his skates and whistle at Bright Hockey Center...
...because its labor costs in Germany, where it runs 10 production locations, are some of the highest in the industry. VW has tried to offset the cost by moving production to eastern Germany, where it qualifies for government aid and wages are lower, and further east to countries like Slovakia. Pischetsrieder - known as a "gear-head" with a good grasp of finance and marketing - is implementing a plan to save $3.4 billion over the next five years. He wants to cut costs by sharing more components across VW's models and brands, like engines, transmissions and ventilation systems. To instill...
...Pope John Paul II prepares to celebrate a quarter-century as Pontiff on Oct. 16, Vatican officials are growing increasingly concerned about his weakening physical condition. On a trip to Slovakia that ended a week ago, the Pope, 83, could finish no more than a few sentences of his opening remarks at the Bratislava airport. Vatican insiders say the apparent effects of Parkinson's disease have become more difficult for the Pope's doctors to control with medication. "They no longer are able to predict how he will be from one day to the next," said a longtime Vatican observer...
...already virtually unable to walk on his own, and his growing struggle to speak for any extended period is forcing changes. Prepared remarks are shorter, and even brief speeches are increasingly finished by an aide. The Pope did appear to bounce back a bit after his return from Slovakia, meeting with diplomatic delegations and reading most of the text during his Wednesday general audience. Senior aides insist that proposed trips to France, Poland and Mexico next year haven't been ruled out. But the day may be near when the Pope is simply a silent presence. "We are rewriting...