Word: brandsness
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It seemed like anywhere you looked last week, there was a major car company in crisis. Britain's MG Rover was the worst off. On Friday, with its already-meager sales sliding, its cash depleted and its last hope for an 11th-hour rescue by a Chinese buyer seemingly dashed...
appointed Eckhard Cordes, his point man on the 1998 merger with Chrysler, as CEO of Mercedes with clear orders to clean things up fast. And there was good news on other fronts. Schrempp said he expects the Smart division to break even in 2007 and that, despite the huge restructuring...
not implementing E.U. reform directives, the ease with which Germany's utility mammoth E.ON sidestepped competition laws to acquire Ruhrgas in 2003 suggests stronger remedies may be needed. "Incumbent monopolies are like elephants," says one Commission official. "They live long lives, have long memories and do not take gracefully to...
And, as Carolina Miranda reported for an item I wrote in the Apr. 4 issue of TIME, AAR is enjoying monthly double-digit ballooning in ad sales revenue - a rate that Jon Sinton, AAR's president, expects to continue for the next two years. Commercials for national brands like Geico...
Meanwhile, Klein-Becker has some wrinkles of its own to worry about. There is competition from alleged knock-off brands, which so far has prompted the firm to file 16 trademark-infringement suits in federal court. Then there's a Federal Trade Commission suit scheduled for trial in July against...