ISSUE DATE: July 23, 2001
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COVER STORY

Volkswagen
Ferdinand Piëch has powered Volkswagen to the top slot in Europe. Now he is stepping down, and troubles are building. What's next?
COVER IMAGE:  Volkswagen
TABLE:  Challenges Facing VW's Next Boss
TABLE:  Sisters under the Skin?
PHOTO:  Skoda's New Octavia
PHOTO:  VW Golf
PHOTO:  VW Beetle
PHOTO:  Audi TT
CHART:  VW Has Strong Market Share...
CHART:  ...Earnings Are on the Rise...Margins Are Firming...
Another Trip Down Memory Lane
The People's Carmaker in China, for Now
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UP FRONT

Talk Show

Same Paycheck? Blame the Boss

Pretty Rad, for AT&T

Tech Hits the Great Wall

Think Gas Is Expensive?

My Fund Is More Catholic Than Yours

A Dakota by Any Other Name?

Now Work on Your Gut, Smedley


READERS REPORT

If a Utility Fizzles the Shocks Will Continue

How Nike Can Regain Its Footing

Ford: Going from Average to Exceptional Quality

Running the Pentagon Like a Business?

Novartis Does Its Part to Give Patients Access to Drugs

Telecoms Can't Afford a Spectrum Auction

Ichiro's Bat Speaks for Itself


CORRECTIONS & CLARIFICATIONS

"Skirting the tech minefield" (Cover Story, July 2, 2001)

"Today, Nortel. Tomorrow..." (News: Analysis & Commentary, July 2, 2001)


TECHNOLOGY & YOU

A Library to End All Libraries
ONLINE EXTRA:  How the "Digital Object Identifier" Works


BOOKS

Is the Fed Mostly Smoke and Mirrors?


ECONOMIC VIEWPOINT

The GE-Honeywell Fiasco: Where to Go from Here


ECONOMIC TRENDS

Why Americans Grow Apart

Consumers Tap Home Wealth

Nothing Fishy in the Euro's Slide


INDUSTRY INSIDER

Q&A: A Crash Course in Excellence for Small Factories


BUSINESS OUTLOOK

U.S.: The Past Won't Be Prologue in This Recovery

Britain: Weak Factories, Strong Services: A Rate Dilemma


NEWS: ANALYSIS & COMMENTARY

AT&T: Is This the Beginning of the End?
COMMENTARY:  How the "Turnaround CEO" Failed to Deliver
Q&A: A Frank Talk with Mike Armstrong

Commentary: The U.S. Is Awash in Foreign Money. That's a Problem

Q&A: Calming the Waters: A Talk with the U.S. Trade Rep

A Hollow Victory for PC Makers

Commentary: Webvan Left the Basics on the Shelf

Commentary: Ely Callaway: He Did It His Way


IN BUSINESS THIS WEEK

Walter Isaacson: To Do: Revive CNN

Merrill Clamps Down on Analysts

A BusinessWeek Source Is Fined

A Marriage Made in the Oil Field

Sears Takes Off Its Makeup

The Fed Gets Another Banker

Et Cetera...

Speed Bump?


WASHINGTON OUTLOOK

What's Greener and Has Legs? Bush's Energy Plan

Outreach, Microsoft Style


INTERNATIONAL BUSINESS

Hong Kong Under Siege
ONLINE EXTRA:  Q&A with Hong Kong Financial Secretary Leung

Commentary: Rising Imports Won't Sink Japan

The Champs in Online Games


INTERNATIONAL OUTLOOK

France: This Scandal Could Hand the Presidency to Jospin

Iraq Favors Russia


INFORMATION TECHNOLOGY

SAP: Less Ego, More Success
RESUME:  Hasso Plattner


FINANCE

Time to Reel in the Financial Portals?

Commentary: For Accountants, a Major Credibility GAAP

Bulls in Denial

E-Tailers Are Clicking


INDUSTRIAL MANAGEMENT

Brave New Factory

When Machines Chat

Even the Supervisor Is Expendable

Commentary: Drugmakers, Heal Thy Factories


MEDIA

How Rodale Takes Care of Its Health


THE CORPORATION

Eli Lilly: Life after Prozac


PEOPLE

Gary Wendt: How's He Doing?
RESUME:  Gary C. Wendt


DEVELOPMENTS TO WATCH

These Bacteria May Kill Off Dry Cleaners

An Electric Limo with Speed to Spare

Money Talks--Thanks to Embedded Chips

Innovations


BUSINESSWEEK LIFESTYLE

Adrenaline and Squealing Tires

GM's Envoy vs. Ford's Explorer


THE BARKER PORTFOLIO

A Piece of the Rock You May Not Want


INSIDE WALL STREET

Ocean Energy Next?

A Bit of Cheer from American Greetings

At Teva, the Pipeline Is Full


FIGURES OF THE WEEK

Figures of the Week (.pdf)


EDITORIALS

Wall Street: The Cleanup Is Overdue

No Time for Protectionism


INTERNATIONAL -- READERS REPORT

For Switzerland, a Cautionary Tale

Koizumi Is Not Japan's First Reformer

Global Warming: No Wonder Europe Is Upset at the U.S.


INTERNATIONAL -- ASIAN BUSINESS

Hong Kong under Siege
ONLINE EXTRA:  Q&A with Hong Kong Financial Secretary Leung

The Champs in Online Games


INTERNATIONAL -- EUROPEAN BUSINESS

European Takeovers: The Big Chill

Crédit Agricole: The Slumbering Giant Is Up--and Hungry

If You're Wealthy, This Must Be Belgium


INTERNATIONAL -- FINANCE

Commentary: Land of the Rising Imports

Commentary: New Delhi Should Get Out of the Fund Business

Even Babushkas Are Buying Stock


INTERNATIONAL -- INT'L FIGURES OF THE WEEK

International Figures of the Week (.pdf)


INTERNATIONAL -- EDITORIALS

The Good News from Japan

Volkswagen's Piëch: The Road Not Taken
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  SPECIAL REPORTS
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Asia's BusinessWeek 50
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Hot Growth 100
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Asia's Hot Growth 100
Europe's Hot Growth 100

Info Tech 100
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World's Most Innovative Companies
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