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...only suitor to emerge this fall, has said it's no longer interested; another potential suitor, Russian tycoon Oleg Deripeska, is fighting to keep his own empire from being shredded by economic distress. Renault-Nissan, a third potential suitor, is pulling back in the face of what its chief executive, Carlos Ghosn, has warned could be a long global downturn...

Author: /time Magazine | Title: What Uncle Sam Gave Detroit For Christmas | 12/26/2008 | See Source »

Moreover, the financial crisis and drastic slump in sales that has sent companies like Toyota reeling has rocked Chrysler to its foundation. Four senior executives, including the chief marketing officer and the head of Chrysler's fledgling operations in Asia, have left the company in the past 10 days...

Author: /time Magazine | Title: What Uncle Sam Gave Detroit For Christmas | 12/26/2008 | See Source »

President-elect Obama named Harvard physicist John P. Holdren as his chief science adviser, marking the latest in a string of Harvard faculty appointments to Obama's transition team or top advisory positions...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Obama Appoints Harvard Prof As Chief Science Adviser | 12/26/2008 | See Source »

...from the ranks of the GOP, Barack Obama wasn't breaking tradition but extending it. In 2000, George W. Bush tapped Democrat Norman Mineta for the post-the lone cross-aisle appointment of his Administration. There's reason to believe LaHood - a veteran Illinois pol who counts Obama's chief of staff, Rahm Emanuel, as a close friend - will play far more than a token role in the incoming Democratic regime. At Transportation, LaHood will shepherd the massive public works program Obama announced on Dec. 6 as the centerpiece of a plan to jumpstart the economy by creating millions...

Author: /time Magazine | Title: Transportation Secretary: Ray LaHood | 12/24/2008 | See Source »

...This idea that Rahm is a guy who can't get along with Republicans is just not true. The truth is in politics, you can count your friends on one or two hands, but he's been a true friend." -on his relationship with incoming White House Chief of Staff Rahm Emanuel, Bloomberg...

Author: /time Magazine | Title: Transportation Secretary: Ray LaHood | 12/24/2008 | See Source »

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