THESE ARE GRIM DAYS IN THE MOTOR City. The Red Wings just lost another chance at the Stanley Cup, and the Tigers are the worst team in baseball. On top of all that, next week the city will endure the beginning of the triannual serum between the Big Three car-makers and the United Autoworkers.
AS THE AUTO EDITOR AT CONSUMERS Digest, Jim Gorzelany drives 100 cars a year, but he still hasn't forgotten his tussle with a Dodge Intrepid. During a test drive two years ago, he parked the car outside his Chicago home on a cold January day as the mercury plunged below zero.
THE AUTO INDUSTRY'S LONGEST-RUNNING whodunit may finally get aired out in a Detroit courtroom. Last week General Motors filed a federal lawsuit against its former purchasing chief, Jose Ignacio Lopez de Arriortua, along with Volkswagen chief Ferdinand Piech and 10 other VW executives.
Ask any group of fund managers if they want folks to invest for the long term, and watch their hands go up. Now ask how many of them make investors think long-term, and you'll see exactly four hands in the air: the team of managers running Twentieth Century Giftrust, the country's best-performing mutual fund over the last decade.
When the justice department's antitrust division filed suit against would-be partners Microsoft and Intuit last week, the software makers tried to put an upbeat spin on it. "We're optimistic," says Microsoft chief Bill Gates. "We are resolved and resolute," says Scott Cook, chairman of Intuit, the personal-finance software powerhouse.
Move over, Ed McMahon -- Peter Lynch is out to take your place in America's mailboxes. Lynch, who guided the Magellan Fund to record returns before becoming Fidelity's vice chairman, is the poster boy on a sweepstakes offer being mailed out to millions of the demographically beautiful.