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car company

BMW

BMW car logo history


The BMW roundel is a stylised,
rotating airscrew - the blue
representing the sky. That's right -
Bayerische Motoren Werke built
military aero engines for the planes
that bombed the factories that they
now own. It's a funny old world.

BMW history
The company traces its origins to 1913, when a Bavarian named Karl Rapp began an
aircraft-engine shop in Munich named Rapp Motoren Werke. In 1917 Rapp resigned and
the company, led by Austrian engineer Franz-Josef Popp, changed its name to Bayerische
Motoren Werke. That same year chief engineer Max Friz designed the company's first
aircraft engine, the six-cylinder Type IIIa, which created strong demand for BMW
engines. When the 1919 Treaty of Versailles prohibited German companies from
producing aircraft and aircraft engines, BMW switched to making air brakes for railway
cars. In 1923 Friz developed the company's first motorcycle, the R32, a model that held
world speed records for motorcycles during most of the 1930s.

In 1928 the company entered the automobile business by acquiring Fahrzeugwerke


Eisenach (Eisenach Vehicle Factory), a maker of small cars based in Eisenach, Germany.
In the 1930s BMW began producing a line of larger touring cars and sports cars,
introducing its highly successful model-the 328 sports car-in 1936.

After World War II ended in 1945, Allied forces dismantled the company's main factories.
BMW made kitchen and garden equipment before introducing a new, inexpensive
motorcycle to the German market in 1948. The company's return to auto production in
the 1950s resulted in poor sales. In the 1960s the company turned its fortunes around by
focusing on sports sedans and compact touring cars, and it began to compete with
Mercedes-Benz in the luxury-car markets of Europe and the United States. BMW's U.S.
sales peaked in 1986 but then dropped steeply, partly due to competition from two new
luxury cars-Lexus, made by Toyota Motor Corporation, and Infiniti, made by Nissan
Motor Co., Ltd. The 1989 collapse of the Berlin Wall led to a boom in car sales in
Europe, and in 1992 BMW outsold Mercedes-Benz in Europe for the first time.

In 1990 BMW formed a joint venture with the British aerospace company Rolls-Royce
PLC to produce aircraft engines for business jets. In 1992 BMW broke ground for a
major automobile plant in Spartanburg, South Carolina, its first automobile plant in the
United States. In 1994 BMW acquired 80 percent of the Rover Group-a British
manufacturer of small cars, luxury cars, and Land Rover sport-utility
BMW logo icon

Logo Design: 2 color logo design


Client: Bingara Bakehouse
Logo Image: Image / Professional / Key Mark
Logo Design: 2 color logo design
Client: The Platinum Group
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: HELI
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: Budget Connections
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: Budget Connections
Logo Image: Image / Professional / Key Mark
Logo Design: 3 color logo design
Client: Kennedy Enterprises
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: Pool Water Storage
Logo Image: Image / Professional / Key Mark

Logo Design: Full color logo design


Client: Synapcoms
Logo Image: Image / Professional / Key Mark
Logo Design: Full color logo design
Client: Superior Security Services
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: Absolute Mortgage Solutions
Logo Image: Image / Professional / Key Mark

Logo Design: Full color logo design


Client: Noah Russell Homes
Logo Image: Image / Professional / Key Mark
Logo Design: 2 color logo design
Client: Able Mortgage
Logo Image: Image / Professional / Key Mark

Logo Design: 2 color logo design


Client: BP Land & Capital Partners
Logo Image: Image / Professional

Logo Design: 2 color logo design


Client: Advisors Excel
Logo Image: Simplicity
Logo Design: Multiple color logo design
Client: The Alarm Clock Doc
Logo Image: Image / Professional / Key Mark

Logo Design: 2 color logo design


Client: All Spec Home Inspections
Logo Image: Image / Professional / Key Mark

Logo Design: 3 color logo design


Client: American Dream Custom Builders
Logo Image: Image / Professional / Key Mark
Logo Design: 1 color logo design
Client: Barcode Applications

Logo Image: Simplicity

Logo Design: 3 color logo design


Client: Mercy Motorcycles
Logo Image: Professional / Themed

Logo Design: 2 color logo design


Client: Vertigo Productions
Logo Image: Elliptical / Perspective

Logo Design: 3 color logo design


Client: Atlantic Cellnet
Logo Image: Swoosh / Unique
Logo Design: 3 color logo design
Client: Motel-Search.com
Logo Image: Symbol / Nostalgic

Logo Design: 2 color logo design


Client: Yellow Alliance
Logo Image: Memorable / Blended
Logo Design: 2 color logo design
Client: States Plumbing
Logo Image: Professional / Patriotic

Logo Design: 2 color logo design


Client: Team Top Line
Logo Image: Professional / Wording-Keymark

Logo Design: Full color logo design


Client: Emerly Furniture
Logo Image: Professional / Keymark / Unique

Logo Design: Full color logo design


Client: Velin Equipment Company
Logo Image: Visual Mark / Professional / Keymark
Logo Design: 3 color logo design
Client: Motorsport Machine
Logo Image: Professional / Unique

Logo Design: Full color logo design concept


Client: Luke AFB 944th Fighter Wing
Logo Image: Image / Professional / Key Mark
Logo Design: 2 color logo design
Client: AVI MAGANDA.
Logo Image: Professional / Keymark / Global

Logo Design: 2 color logo design


Client: Freedom Funding Services LTD.
Logo Image: Visual Mark / Patriotic / Financial

Logo Design: Full color logo design


Client: Kodak Global Pack Centers
Logo Image: Pastels / Key Company Mark
Logo Design: 3 color logo design
Client: Premier Laser And Skin Care Center
Logo Image: Professional / Unique

Logo Design: 3 color logo design


Client: Mortgage Solutions Financial Services Inc.
Logo Image: Visual Mark / Homes / Financial

Logo Design: Custom color logo design


Client: More Than A Client
Logo Image: Office / Personal Touch / Professional
Logo Design: 3 color logo design
Client: Wheelbuilder.com
Logo Image: High Tech / Unique

Logo Design: 2 color logo design


Client: New York Legal Assurance Plan
Logo Image: Legal / Professional / Key Mark

Logo Design: 2 color logo design


Client: Mortgage Shakers
Logo Image: Homes / Key Mark / Simple / Strong

Logo Design: Grayscale logo design


Client: FXTrader.net
Logo Image: Global / Unique
Logo Design: 3 color logo design
Client: Golf Ball Of The Month
Logo Image: Simplicity / Keymark

Logo Design: 3 color logo design


Client: Patriot Home Improvement
Logo Image: Patriotic / Professional / Keymark

Logo Design: 2 color logo design


Client: Extreme Limousine
Logo Image: Elegant / Professional
Logo Design: 3 color logo design
Client: Levant Suez Consulting LLC
Logo Image: Predesigned Logo

Logo Design: 3 color logo design


Client: WI-FI Airborne-Networks Inc.
Logo Image: Simplicity / Professional / Key Mark

Logo Design: 3 color logo design


Client: LawnDrinks Irrigation Inc.
Logo Image: Lawn / Landscape / Irrigation

Logo Design: Full color logo design


Client: The Baldwin Group
Logo Image: Western

Logo Design: Full color logo design


Client: Glory To God Fellowship Church
Logo Image: Elegant / Professional / Key Mark
Symbol ID: faub440

Symbol ID: roob2314

Symbol ID: glot1164

Symbol ID: butf3200


Symbol ID: stab11790
The Gibbs Aquada, a sports car that retracts its wheels and speeds up to 30 mph on
water, is destined for U.S.shores within 18 months. New Zealand entrepreneur Alan
Gibbs hopes to sell the amphibious vehicle for about $85,000. It seats three—the driver
sits in the middle—and is powered by a V6 engine on land and a power take-off driving a
compact jet on the water.
A showdown with
the United Auto Workers is all but inevitable as Detroit's Big Three struggle to overcome
the worst crisis they've seen since the early 1980s. Management insists that the $30-an-
hour wage disadvantage against rivals Honda and Toyota must come down. If not, all
three have pledged to move jobs offshore where labor is cheaper.
UAW's Ron Gettelfinger has responded that the union has already agreed to mass
buyouts and cuts in retiree benefits. He points out that factory-floor wages are roughly
the same as Toyota's and Honda's. But because the Japanese makers are relative
newcomers to the U.S., they don't have the towering legacy costs from retirees--primarily
from soaring medical costs that affect every company in the country. Gettelfinger
believes the Big Three should be pressuring Washington for relief. He contends that
many of the Big Three's problems are from a slowness to respond to changing consumer
tastes and a failure to invest in vehicle quality.

Source: Wall Street Journal

The car company


will contribute an in-car navigation system that works with the government's trial
Intelligent Transport System (ITS), which is being tested around Hiroshima. ITS is a
network that will help cars identify the extent of road congestion, a warning system to
prevent speeding, a safety system that will prevent rear-end collisions at traffic signals, a
support system to help prevent head-on collisions and right-turn accidents with light-rail
vehicles and pedestrians and an in-transit information system.
“Time’s” Justin
Fox looks at the various reasons that Exxon handed more in stock buybacks and
dividends to investors last year than it spent in searching for oil. The company is gun
shy, for starters. After a 35 percent increase in its capital investment and exploration on
the heels of the 1980 oil embargo, oil prices collapsed, leaving Exxon holding the bag.
Shell and other competitors have raised their investments in exploration with mixed
results. Their return on capital is smaller than Exxon’s. Part of the problem is that only
about 7 percent of the world’s reserves lie in countries that allow Exxon free reign. Most
reserves are in the hands of state monopolies that are terribly inefficient at producing oil.
It’s no wonder that the number of active oil rigs around the world peaked in 1981 at
6,227. Last year there were just 2,836 rigs in operation. So while oil production declines,
Exxon’s profits rise. Get used to it.
Underinflated tires
cause rollovers and spins. They reduce gas mileage, quite often when the car owner is
unaware. These are a few reasons that all 2008 vehicles must include tire-pressure
monitoring systems by federal mandate. A company called MAXAIR is offering a
patented system that not only senses tire pressure, but that uses an onboard compressor
to fill tires as needed. The technology costs roughly $200 per vehicle. Given that today’s
car designs require ever less involvement from car owners, this device probably makes
more sense than a dummy light that simply tells you a tire is going flat when you’re miles
away from a service station.

Illustration: Chris Woodward


Amid signs of a
slowdown in the U.S. market, Honda is updating its lineup and introducing new models.
Analysts have long believed the car maker is overdependent on U.S. sales for its profits.
With aluminum and steel prices rising, these profits are softening. And sales for all
automakers are lackluster in the States because of the soft housing market and high fuel
prices. Honda has already grown more aggressive in its turf war against Toyota in India
and China, where managers inside the company believe its best sales prospects lie.
A study released by
the Natural Resources Defense Council showed that the quest for alternative fuels,
including liquid coal, oil shale and tar sands could consume huge amounts of water and
energy and could ultimately raise greenhouse gas emissions levels. The NRDC was joined
by the Western Resources Advocates and by the Pembina Institute, a Canadian research
organization for global warming. All three organizations called for greater fuel efficiency
and the use of cleaner, renewable energy sources.
Mississippi State Wins Third Annual
Challenge X

The competition,
sponsored jointly by General Motors and the Department of Energy, attracted 17
entrants to convert an Equinox to an alternative fuel drivetrain. Engineering students
from Mississippi State converted a 1.9 GM turbodiesel to a hybrid drivetrain running on
B20 biodiesel fuel.

Is John Dingell Going Green?


By Marty Jerome June 08, 2007 | 7:12:00 AMCategories: Emissions
Asked how he feels
about being called, “the meanest s.o.b. in Congress,” the 80-year-old quietly answers,
“It’s very useful.” The Democrat from Detroit has defended carbon-spewing gas hogs for
most of his career. But no one doubts how effective he is at moving legislation into law.
And aside from his protective instincts for the car industry, his environmental record is
surprisingly green. Now that he has been restored to chairman of the House Committee
on Energy and Commerce, everyone fears him—not the least, automakers who want to
thwart caps on energy emissions. Dingell supports mandatory caps. And few people
doubt he will make them happen.

G8 Summit Ends With . . . Press Releases


By Marty Jerome June 08, 2007 | 6:58:00 AMCategories: Policy
Assemble a
panoply of freely elected first-world leaders at a fancy resort, and you'll inevitably
achieve some sort of "breakthrough." All participants at this week's G8 summit were
under enormous pressure to take something back to their respective electorates. The
"breakthrough" in this case, hammered out between President Bush and German
Chancellor Angela Merkel, was that the United States would "seriously consider" the
proposal to cut greenhouse gases 50 percent by 2050. Of course, no tangible
commitments were made.

Source: New York Times

CEOs from the Big Three Descend on


Washington
By Marty Jerome June 08, 2007 | 6:20:00 AMCategories: Fuel Economy
GM's Rick
Wagoner, Ford's Alan Mulally and Chrysler's Tom LaSorda are meeting with
congressional leaders yesterday and today with a concerted message: the 35 mpg target
in the new CAFE legislation isn't cost effective or technologically achievable.
Instead, the government should invest in bio-fuels and advanced batteries. Spokespeople
from Toyota joined the chorus, saying that the drastic increase could be costly to
consumers and will force automakers to build cars Americans are unwilling to buy.
Critics have pointed out that Toyota and Honda have increased their market share in the
U.S. while achieving higher mileage standards.

Source: Wall Street Journal

Lawmakers Move to Block California’s


Carbon Limits
By Marty Jerome June 06, 2007 | 9:24:16 AMCategories: Emissions
Rep. Rick Boucher (D-Va)
has put forward what is called a "discussion draft" which will be part of a comprehensive
climate-change control legislation from leaders of the House Energy and Commerce
Committee. A summary posted on the committee's Web site says the EPA would
establish a new system of reporting carbon emissions from motor vehicles. The reporting
requirement and traditional fuel economy standards "would be the exclusive regulatory
regimes for governing new motor vehicle emissions of greenhouse gases.”

Toyota Ponders a Recall on Its Tundra


By Marty Jerome June 06, 2007 | 9:15:29 AMCategories: Manufacturing

Though it has
much to crow about in both sales and quality, Toyota may be stretching itself, according
to some analysts. Recalls have been on the rise. To date, Toyota has received 20 reports
of defects in the Tundra's 5.7-liter V8 due to a problem with the camshaft. This could be
a blow to the company’s U.S. sales targets of some 200,000 trucks this year.

Camel logo design

This logo has changed significantly several times since its inception in 1913, when the tobacco
company was first opened and operated by Richard Joshua Reynold. Reynold had previous
experience in the industry as he had worked for some years on a tobacco farm owned by his father
in Virginia between 1874 and 1895. As a lover and smoker of tobacco, and owner of the business,
Reynold transported goods between two local towns, one of which regularly hosted a roaming circus
Barum & Bailey. Hence the Camel logo was born, from Reynolds' love of the circus in the nearby
town.

Carlsberg Company Logo

Carlsberg was established in 1847 by J. C. Jacobsen, a philanthropist and avid art collector.
Jacobsen's brewery pioneered refrigeration techniques, steam brewing and the propagation of one
single yeast strain. Carlsberg's original logos include the swastika and an elephant. Use of the
former ceased in the 1930s because of being associated with German political parties. The world
famous Carlsberg logo was introduced by Thorvald Bindesbøll in the year 1904, for the launch of
Carlsberg pilsner. The crown on the logo stands for the company's association with the Royal Danish
Court. Thorvald Bindesbøll (1846-1908) used to be Carlsberg's favorite designer at the time. Known
as Denmark's first industrial designer, Thorvald was involved in the design of anniversary books,
exhibition catalogs and beer labels for New and Old Carlsberg. At the time, the company spent 500
kroner on designing the logo but the investment proved to be worthful. Since then, the hand-drawn
logo remained mostly unchanged and continued to represent Carlsberg's distinctive emblem. Today,
just over 100 years since its launching, back in 1904, the Carlsberg logo landed a design prize
offered by the Danish Design Center. It's for the first time in history that a classic graphic design
receives a prize.

CBS logo design

The Columbia Broadcasting system of New York City moved to the forefront of corporate identity
design as a result of two vital assets: CBS president Frank Stanton, who understood art and design
and their potential in corporate affairs, and William Golden (1911-1959). As CBS art director for
almost two decades, Golden brought uncompromising visual standards and keen insight into the
communications process. He designed one of the most successful trademarks of the twentieth
century for CBS. When the pictographic CBS eye first appeared as an on-air logo on 16 November
1951, it was superimposed over a cloud-filled sky and projected an almost surreal sense of an eye
in the sky. The efectiveness of the CBS logo design demonstrated to the larger management
community that a contemporary graphic mark could compete successfully with traditional illustrative
or alphabetic trademarks.
Centrino (Intel)

Intel uses the split design logo to show the convergence between information and technology. The
two wings the designer used suggest a link between technology and lifestyle and the progression
toward the future. The designer's use of the color Magenta for the lower of the two wings balances
the out against the bright contrast of the contemporary Intel blue, offering high energy visual
stimulation for the viewer. In this logo you can also see Intel's use of the "hanging e," which was
used in the original iteration of their logo and is carried over today as an embodiment of their
overall commitment to their original corporate philosophies.

Chanel logo design

The house of Chanel was founded by Gabrielle Bonheur "Coco" Chanel in 1910. Coco Chanel was
one of the most significant fashion designers of all times. She revolutionizes women's wear and set
new standards for the contemporary style. Coco got into fashion opening up a small shop which first
sold ladies hats. Soon Coco and her house conquered not only Paris but the rest of the fashion
world. The corporate name Chanel became an icon of elegance and from then on, the Chanel logo
became synonymous to elegance, wealth, and elitism as well as a standard for international fashion.
The Chanel logo design was designed in 1925 by Coco Chanel herself and remained unchanged ever
since. It turned out to be one of the most recognizable symbols in the fashion world with its
overlapping double 'C' - one facing forward and the other facing backward. Chanel's logo is
frequently seen in perfumes, purses, shoes, and jewelry.
Chase Manhattan Bank corporate identity

Chermayeff & Geismar Associates moved to the forefronts of the corporate identification movement
in 1960 with a comprehensive visual image program for The Chase Manhattan Bank of New York.
Chase Manhattan's new logo design was composed of four geometric wedges rotating around a
central square to form an external octagon. It was an abstract form unto itself, free from alphabetic,
pictographic or figurative connotations. Although it does have general overtones of security or
protection because the four elements confine the square, this trademark demonstrated that a
completely abstract form could successfully function as a visual identifier for a large organization. A
distinctive sans serif typefacewas designed for use with the logo design. The selection of an
expanded letter grew out of Chermayeff & Geismar's study of the client's design and communication
needs. Urban signage, for instance, is often seen by pedestrians at extreme angles, but an
extended letterform retains its character recognition even when viewed under these conditions. The
uncommon presence of the expanded sans serif form in the Chase Manhattan corporate design
system launched a fashion for this kind of letterform during the first half of the 1960s. Consistency
and uniformity in the application of both logo and letterform enabled redundancy, in a sense, to
become a third identifying element. The Chase Manhattan corporate identification system became a
prototype for the genre. It led many corporate managers to seriously evaluate their corporate image
and the need for an effective and unique visual identifier. The rapid recognition value gained by the
Chase Manhattan mark indicated that a successfull logo could, in effect, become an additional
character in the inventory of symbolic forms that every person carries mentally. Tom Geismar
observed that a symbol must be memorable and have ''some barb to it that will make it stick in
your mind.'' At the same time, it must be ''attractive, pleasant and appropriate. The challenge is to
combine all those things into something simple''.
Chevron logo

The logo of this iconic American company shows us two downward angles
in a clipped and parallel manner. They originate directly from the name of
the company Chevron, which means "angles" in terms of rank and badge
rank, as one of the interpretations

Chiquita logo

The Chiquita Banana Company, also sometimes referred to colloquially as the "banana republic,"
dates back to the year 1870, when Captain Lorenzo Dow Baker transported a historically large batch
of bananas from Jamaica to Massachusetts on his sailing boat. When those bananas arrived, they
were spoilt and inedible, and he then committed to send another batch but this time of green
bananas, so that by the time they arrived they would be suitable and perfect for eating. In 1885, in
partnership with the then undertaker Andrew Woodbury, Preston set up the Boston Fruits company
and then 1899 the United Fruits Company. This current day logo resurfaced in 1963 from the talents
of a commercial artist. Initially it was derived from sketches of a half woman, half banana and was
referred to as a Chiquita meaning "tiny or small girl" in Spanish.
Chupa Chups Company Logo

Chupa Chups was the first candy designed with children in mind. Back in 1958 Enric Bernat
Fontlladosa launched the Chupa Chups hoping to create a more practical lollipop for kids. After the
end of the Francisco Franco dictatorship the company's founder managed to make his sweets known
worldwide. An innovative company as Chupa Chups needed an effective logo to represent it. Most
people are quite surprised to find out that the Chupa Chups distinctive daisy logo was designed in
1969 by the famous surrealist Salvador Dali . It's all 100% fact. After Bernat introduced his idea of
a more universal logo, Dali needed an hour only to draft on a newspaper what would become the
basis for today's Chupa Chups logo. It actually makes sense. Salvador Dali throughout his later life-
time would lend his image to a variety of commercial interests, using himself as a brand. He was the
ultimate self publicist, trait which led Breton to nickname him "Avida Dollars" when talking about
Dali's later output. The Chupa Chups logo can currently be found on all kinds of lollipops and related
items , and the company maintains its focus on creating new, exciting products.

Ciba Specialty Chemicals

The logo of the specialised chemistry section of Ciba depicts a pixilated and multicolored butterfly.
This butterfly was used as a symbol for Ciba's transformation into the future of growth and
expansion. The multiple colors used in the depiction of the butterfly are used to represent the many
divisions that make up the company.
Cisco logo designs

In 1984 Len Bosack and Sandy Lerner, two computer science professionals based out of Stanford
University, created the Cisco corporation. Cisco is currently ranked in the top few of the specialist
routing and switching companies in the world and they have permeated technology sales across the
globe. The Cisco logo is in keeping with the companies original formation, San Francisco - and close
the Golden gate Bridge, which is also known as the "gate to the Pacific," in hope that this springs
success eternal.

CitiBank Company Logo

Established in the year 1812 as the City Bank of New York, Citibank is known today as the corporate
banking branch of financial services colossus Citigroup, one of the largest companies in the world.
Paula Scher - the designer behind the recently re-branded Citibank logo, is a member of the Art
Directors Club Hall of Fame and the first Pentagram partner to receive the Type Directors Club
Medal. Paula has developed environmental graphics, identity and branding systems,publication
designs, packaging and promotional materials for a wide range of clients. Unveiled on February 13,
2007, the new logo is - as Paula has stated - a marriage of the the word Citi and the old Traveler’s
insurance umbrella to create an umbrella in the middle of the word. The change took place mainly
due to the transformation of Citibank from “Citigroup” to “Citi”. Scher cleverly used the "t" in Citi as
the handle for the Traveler's umbrella making the resulting giant far more approachable. There were
voices claiming that the previous emblem featuring a compass rose along the "Citibank" word mark
is felt to be more confident in depicting stature and visual presence. However, the company's cards
divisions and consumer banking operations responded to the new Citi logo with enthusiasm, and
relaunched its consumer banking operations around the world.

Citroen

The company logo of the 1919-initiated company, by founder Andre Citroen, the French automaker,
depicts two gear wheels as herring-bone teeth.

China Tops United States in Carbon


Emissions
By Marty Jerome June 28, 2007 | 5:41:00 AMCategories: Emissions
China overtook the
United States in carbon dioxide emissions by about 7.5 percent in 2006, according to the
Netherlands Environmental Assessment Agency's report. While its emissions were
slightly below the U.S. in 2005, widespread coal burning and mounting cement
production pushed the country into the ignoble first-place spot last year. Chinese
officials have called developed countries hypocritical for buying goods from its robust
industry while chastising the nation for its emissions.

Too Few Gas Stations Offer Ethanol


By Marty Jerome June 21, 2007 | 6:03:00 AMCategories: Alt Fuel
Already there are
about 5 million flexible fuel vehicles on U.S. roads. But there are only about 1,145 public
gas stations that offer the E85 mixture, according to the National Ethanol Vehicle
Coalition. While automakers have promised to double their production of flexible fuel
vehicles by 2010, there’s still great resistance by those who own the pumps. Conversion
costs run tens of thousands of dollars. And certification for the dispensers is currently in
limbo. Market forces will eventually supply the incentive, but because ethanol delivers
markedly lower mileage per gallon, its price must be significantly discounted.

Indy Racing Is Beginning to Look a Lot


Like NASCAR
By Marty Jerome June 20, 2007 | 7:06:00 AMCategories: Auto Racing
In the current
issue of “Autoweek,” Curt Cavin explores how tempers are flaring. Danika Patrick and
Dan Wheldon continue to take public their private spat, which started when she
confronted him by grabbing him by the shoulder then pushing him away in a pit-row
confrontation after the Milwaukee race. Their cars had made tire contact, spinning
Patrick. She continued to complain about the incident in the media. In turn, Wheldon
called her “a spoiled brat.” When Marco Andretti forced Tomas Scheckter into a spin in
Texas, Scheckter was so furious that he stormed to the front of the straightaway and
threw his gloves in Andretti’s direction. He withheld foul language on television
afterward, but his teammate, Ed Carpenter, dropped the F-word, live cameras beaming.
Carpenter, by the way is the stepson of Indy Racing League founder, Tony George.
Vatican Issues 10 Commandments for
Drivers
By Marty Jerome June 20, 2007 | 6:55:00 AMCategories: Car Culture

Acknowledging
that driving can bring out "primitive" behavior in motorists, including "impoliteness,
rude gestures, cursing, blasphemy, loss of sense of responsibility or deliberate
infringement of the highway code," the Vatican issued a highly unusual document
yesterday, directing Christians to a better form of motoring. It called for drivers to
exercise a host of Christian virtues: charity to fellow drivers, prudence on the roads, hope
of arriving safely and justice in the event of crashes. It suggested that prayer might come
in handy--performing the sign of the cross before beginning a trip and reciting the
Rosary along the way.

India’s largest bank, State Bank of India would now have the Government as its 59.73%
shareholder, which it has bought from RBI for Rs.40,000 crore. The stake transfer
primarily happened as it was inconsistent with RBI to play the role of being owner of a
commercial bank and as a banking regulator.

The government will value 31.43 crore SBI shares with face value of Rs 100 each, held
by RBI, at the average closing price for the past six months and moving average for the
previous fortnight. Once the SBI amendment Bill is passed in Parliament, it can reduce its
holding from 59.73% to 51%. At present, Govt. stake in SBI cannot fall below 55%.

There is also speculation that the government will bring a SBI public issue in the next
three months and raise at least Rs.5,000 crore. The amount raised shall be used to expand
existing operations and enter venture capital, private equity and wealth management
segments.

The issue is small as compared to ICICI Bank FPO, but this is due to the restrictions
imposed owing to the 55% government holding. The bank needs this money to widen its
capital base and meet the Basel II guidelines on capital adequacy which come into effect
from March 31, 2008.

Also, there may be a possible merger of State Bank of India with its seven associate
banks. But initially the seven banks may be merged to create the third largest bank in the
country, after SBI and ICICI Bank, in terms of assets and the second-largest in terms of
branch network.

SBI has already integrated the treasury operations of the seven associate banks and
created provisions for swapping non-performing assets collectively by the associate
banks. SBI would transfer its stake in these banks to a separate holding company which
will then absorb the seven associate banks.

The merger would unlock value and remover geographical overlapping. It will help SBI
to gain size and face competition post 2009 when foreign banks enter the markets. But
the concern is the possibility of rift in case of layoff due to merger and difficulty in
valuation as of the seven associate banks, only three are listed.

India’s largest bank, State Bank of India would now have the Government as its 59.73%
shareholder, which it has bought from RBI for Rs.40,000 crore. The stake transfer
primarily happened as it was inconsistent with RBI to play the role of being owner of a
commercial bank and as a banking regulator.

The government will value 31.43 crore SBI shares with face value of Rs 100 each, held
by RBI, at the average closing price for the past six months and moving average for the
previous fortnight. Once the SBI amendment Bill is passed in Parliament, it can reduce its
holding from 59.73% to 51%. At present, Govt. stake in SBI cannot fall below 55%.

There is also speculation that the government will bring a SBI public issue in the next
three months and raise at least Rs.5,000 crore. The amount raised shall be used to expand
existing operations and enter venture capital, private equity and wealth management
segments.

The issue is small as compared to ICICI Bank FPO, but this is due to the restrictions
imposed owing to the 55% government holding. The bank needs this money to widen its
capital base and meet the Basel II guidelines on capital adequacy which come into effect
from March 31, 2008.

Also, there may be a possible merger of State Bank of India with its seven associate
banks. But initially the seven banks may be merged to create the third largest bank in the
country, after SBI and ICICI Bank, in terms of assets and the second-largest in terms of
branch network.

SBI has already integrated the treasury operations of the seven associate banks and
created provisions for swapping non-performing assets collectively by the associate
banks. SBI would transfer its stake in these banks to a separate holding company which
will then absorb the seven associate banks.

The merger would unlock value and remover geographical overlapping. It will help SBI
to gain size and face competition post 2009 when foreign banks enter the markets. But
the concern is the possibility of rift in case of layoff due to merger and difficulty in
valuation as of the seven associate banks, only three are listed.

India’s largest bank, State Bank of India would now have the Government as its 59.73%
shareholder, which it has bought from RBI for Rs.40,000 crore. The stake transfer
primarily happened as it was inconsistent with RBI to play the role of being owner of a
commercial bank and as a banking regulator.

The government will value 31.43 crore SBI shares with face value of Rs 100 each, held
by RBI, at the average closing price for the past six months and moving average for the
previous fortnight. Once the SBI amendment Bill is passed in Parliament, it can reduce its
holding from 59.73% to 51%. At present, Govt. stake in SBI cannot fall below 55%.

There is also speculation that the government will bring a SBI public issue in the next
three months and raise at least Rs.5,000 crore. The amount raised shall be used to expand
existing operations and enter venture capital, private equity and wealth management
segments.

The issue is small as compared to ICICI Bank FPO, but this is due to the restrictions
imposed owing to the 55% government holding. The bank needs this money to widen its
capital base and meet the Basel II guidelines on capital adequacy which come into effect
from March 31, 2008.

Also, there may be a possible merger of State Bank of India with its seven associate
banks. But initially the seven banks may be merged to create the third largest bank in the
country, after SBI and ICICI Bank, in terms of assets and the second-largest in terms of
branch network.

SBI has already integrated the treasury operations of the seven associate banks and
created provisions for swapping non-performing assets collectively by the associate
banks. SBI would transfer its stake in these banks to a separate holding company which
will then absorb the seven associate banks.

The merger would unlock value and remover geographical overlapping. It will help SBI
to gain size and face competition post 2009 when foreign banks enter the markets. But
the concern is the possibility of rift in case of layoff due to merger and difficulty in
valuation as of the seven associate banks, only three are listed.

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