Word: bmw
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...name in January to Extreme RVs and has outfitted its $30,000, 26-ft. toy hauler with a chrome and red-vinyl interior. Travel Supreme's new Me2, a $325,000, 41-ft. luxury motor home, includes a built-in garage with enough room to stash a stylish BMW Mini Cooper car to be used for local jaunts. (The $17,000 Mini is not included...
...wealthy clans wield outsize influence in Europe, because of family tradition and because public shareholding is less well established there than in the U.S. About 85% of companies in the European Union are family run, and families have controlling or substantial stakes in many of the biggest firms, from BMW to L'Oreal. A study by Merrill Lynch and Cap Gemini Ernst & Young estimates that 2.5 million Europeans had financial assets of more than $1 million in 2001, compared with 2.2 million North Americans. There are more American billionaires than European ones, but in a comparison of the wealthiest people...
...investor role isn't always passive; sometimes it can be passive-aggressive, as the Quandt family has demonstrated. Herbert Quandt acquired a controlling stake in automaker BMW in 1959, when it was in dire straits. His heirs today own 47% of BMW's stock. The children of Quandt's third marriage, Stefan, 36, and Susanne, 40, sit on BMW's supervisory board. In 1999, angered by continuing losses at the automaker's Rover subsidiary in Britain, they ousted CEO Bernd Pischetsrieder in a boardroom coup. In Hamburg, the fate of Beiersdorf (Nivea skin cream) has been uncertain for months because...
...newly formed Anti-Corruption Council when he was struck in the chest by a single bullet fired from an abandoned office on the third floor of a building 200 m away from the government headquarters he was about to enter. Djindjic's bodyguards bundled him into the bulletproof bmw from which he had just emerged and rushed him to the hospital, where surgeons tried for an hour to revive him. "When we opened him up," said one, "there was a hole as big as a nutmeg at the front of his heart. I think he was dead before he fell...
...tariff on foreign light trucks in retaliation for a European tariff on U.S. chicken. The tariff still exists, but foreign manufacturers evade it by building light trucks at U.S. plants or in Canada and then importing them under the North American Free Trade Agreement. That's why BMW, Honda, Porsche a* And Toyota make SUVs, as will Volkswagen, beginning later this year...