Word: supported
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...Chairman Richard Wagoner said in February that as part of the company's ongoing restructuring the automaker was withdrawing its support from Saturn at the end of 2011 model year. Vice Chairman Robert Lutz told reporters at the North American International Auto Show in January that GM had mounted an expensive overhaul of Saturn by adding a new sedan, a new crossover and a new hybrid. Saturn sales, however, have fallen by more than 40% during the first two months of 2009, and appear to have tumbled again during March. "Everyone is hurting, but Saturn is hurting more," says...
...course, many Saturn employees and dealers hope for more than a sales boost. They want a white knight. "I've felt for more than a year that GM could not support the Saturn brand the way it should be supported," says Jay Cimino, a Saturn dealer who operates five Saturn Dealerships around Denver and Colorado Springs. "If we were spun off to the right people, it would be great," he adds...
...Geithner's fixes are little different from the rules that traditional banks already abide by (and make plenty of profits under). And even the GOP might not have as many philosphical objections as one would expect. On the same day that Geithner rolled out his proposals, House Republicans expressed support for a step the Obama Administration has so far resisted: turning to the FDIC, or an entity like the Resolution Trust Corporation used during the savings-and-loan crisis, to temporarily take over today's failing big financial companies loaded down with toxic assets...
...nation was watching as Chen, nicknamed the "Son of Taiwan," walked into the courtroom a much thinner man after more than two months in detention. Chen was known during his eight years in office for irritating China with his open support for a greater Taiwanese independence from the mainland. Taiwan's current President Ma Ying-jeou has moved quickly to forge closer economic ties with China since his election last year. Taiwan and China have since opened up tourism, palace museum exchanges, direct charter flights and are planning to discuss further economic agreements this year. (Read TIME's conversation with...
...continue to assist the authorities through policy advice," the fund said in a statement on Wednesday, after its team finished a two-week visit to the poverty-stricken country. But "technical and financial assistance from the IMF will depend on establishing a track record of sound policy implementation, donor support and a resolution of overdue financial obligations to official creditors, including the IMF." Zimbabwe owes the IMF and other institutions more than $1 billion...