Word: worldly
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...gaffe heard around the globe. Last November, just two days after Barack Obama's historic election victory, the world's collective jaw dropped when Silvio Berlusconi quipped that the next U.S. President was "young, handsome and even has a good tan." Though the Italian Prime Minister refused to apologize for the failed attempt at humor, Obama and his aides gave Berlusconi a pass. The incoming President was not going to be sidetracked by a diplomatic incident with a man already notorious as a loose cannon. Berlusconi kept his place that week on Obama's initial round of phone calls...
...European revenues shrank 39%. While Western economies look set to remain in the doldrums for the foreseeable future, most Asian countries are registering surprising growth and auto sales are bouncing back. India and China are particularly bright spots; the latter has surpassed the U.S. to become the world's largest car market. Sadly for Ford, Asia accounts for a mere 5% of the company's total global revenues. In China, it's ranked only the fifth largest in sales (GM, now owned by the U.S. government, is No. 1). In India, Ford is a distant eighth. (See the 50 worst...
...sources at Ford say it will cost around $7,000. Although the price is more than triple that of Tata Motor's Nano city car, "its aggressive pricing from Ford," says Hormazd Sorabjee, editor of AutoCar India magazine in Mumbai. "It could be the cheapest Ford in the world." Says Colin Langan, auto-industry analyst for UBS Financial Services: "Ford's latest moves are all about gaining market share." (See the 12 most important cars of all time...
...Khattar. "All the action was happening elsewhere." The diminutive Figo is Ford's bid for the sweet spot. "You have to be in the small car segment to be a relevant player in India," says Rajat Dhawan, who heads McKinsey's automotive practice in India. (See pictures of the world's cheapest...
...when it comes to Silvio, the Administration seems to want to play it cool. The U.S. embassy in Rome declined this week to comment on the latest quip. Asked Wednesday by TIME about the remarks, White House spokesman Robert Gibbs said, "There are far bigger issues in the world than this...