McLaren Automotive Ltd., maker of the million-dollar P1 supercar, said it has yet to see signs of a recovery in demand in China since the ruling Communist Party began cracking down on conspicuous extravagance late last year.
Audi AG gave China’s chauffeur- driven bureaucrats and businessmen the legroom they wanted by stretching its flagship sedans. Now the German automaker is betting there’s also demand for small luxury cars.
Six years ago, the University of Cincinnati unveiled what it called an “unusual consortium” between its students, faculty and corporations, including Procter & Gamble Co., the consumer-product giant headquartered nearby. The group’s goal: to research and develop product ideas for consumers age 50 and over.
Toyota Motor Corp. , Honda Motor Co. and other Japan-based automakers may lose as many as 193,000 U.S. vehicle sales to competitors this year because of parts shortages in their home country, an A.T. Kearney analyst said.
ABB Ltd.’s designated Chief Executive Officer Ulrich Spiesshofer has been preparing for the job since his student days. His 1991 dissertation examined how engineers can reach top management roles at industry companies.