Word: autos
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...another Senator named John--this one aiming for the White House. Edwards, a Navy brat, is an accomplished bankruptcy lawyer who married her law school classmate before he made millions dazzling juries across North Carolina. Their 16-year-old son's 1996 death in an auto accident sent them in other directions: him, into a meteoric rise in politics; her, into a second round of motherhood, having one baby at 48 and another at 50. Heinz Kerry and Edwards had a lot to say about where life has brought them--and where they hope it will still take them...
...week may have met its match. More and more employers in France, Germany and the Netherlands are giving their workers a stark choice: agree to longer hours or wave goodbye to your job as it migrates to another country. Last week, an overwhelming majority of the 820 employees of auto-parts maker Robert Bosch who work at a Bosch factory near Lyons voted to give up their 35-hour week in return for a guarantee that their jobs would not be moved to Eastern Europe. "Everyone had come to accept the fatality of it - either they approved it or they...
DIED. RODGER WARD, 83, one of auto racing's most prominent figures during the glory days of the Indianapolis Motor Speedway; in Anaheim, Calif. Before winning the Indy 500 in 1959 and 1962, Ward almost quit racing because of his involvement in two fatal crashes--one that killed his former crew chief Clay Smith, and another that claimed the life of his friend and two-time Indy 500 champion Bill Vukovich...
...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...
...cars and trucks, while the total market has shrunk by about a quarter since its 1990 peak. Mitsubishi's market share in passenger- and mini-cars has sunk to a meager 3.8%. The company "could disappear tomorrow, and no one would miss it," says John Harris, a Tokyo-based auto consultant...