Word: autos
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...auto industry wants to take another crack at it. A hybrid version of the Honda Civic, the best-selling compact car in America, started rolling into dealerships nationwide last week. Next year Ford, which has produced a string of electric cars, is expected to be the first U.S. manufacturer to introduce a hybrid vehicle. I took the politically correct version of the six-cylinder Escape for an exclusive spin earlier this month. Meanwhile, Toyota, General Motors and Chrysler have all promised a new crop of hybrid vehicles by 2004. J.D. Power & Associates, which tracks consumer tastes for the auto industry...
...sure, many CEO's are sincere in their desire to be environmentally responsible, and green groups often get a good reception with engineers and managers in the auto, chemical and other polluting industries. Why then this yawning gap between a widely shared desire to be greener within companies and the retrograde environmental agenda of their trade associations...
...gasoline carries with it costs in the form of respiratory illness, the threat of climate chaos, and pathetic deference to authoritarian and anti-American regimes in the Middle East. When these pennies eventually drop, some consumers may think, "gee, maybe I'll buy a Honda" (Honda was the sole auto company to support an increase in fuel efficiency). If just a tiny percent of consumers decide to choose brands that are friends of the earth, that could be the difference between a winning or losing quarter when companies report profits. That's when executives will discover that their trade organizations...
While KirchMedia represents one of the three branches of the business, there was speculation that TaurusHolding, the main holding company owned by Kirch, as well as the pay television operation KirchPayTV might also be forced into bankruptcy shortly. Another division, KirchBeteiligungs, holds the rights to Formula One auto racing as well as a 40% stake in the Springer publishing firm, which could both be sold off to reduce debt. While there has been a public clamor to find a "German solution" to the Kirch bankruptcy, Schr?der has said he would have no objections if Murdoch took over parts...
...Mini hit U.S. showrooms last week with a base sticker price of $17,000 that echoes the spirit of the original (1960 price: $1,700). The new Mini is produced by BMW, which bought struggling Mini maker Rover in 1994. The standard Mini has always been underpowered, but auto critics are raving about a zippier new 163-h.p. version, available this summer. Want electronic navigation or a six-speaker CD player? No problem. Personalize it with 100 color and trim combinations, from shift knobs to stripes and fender flares...