Tom Doll, president of the U.S. sales and marketing subsidiary, Subaru of America, Cherry Hill, N.
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According to Carey, the slump in subsidiary sales has had a domino effect on the entire industry.
Meanwhile, its grocery products business saw no growth in revenue, in large part because of a drop in sales at its Australian subsidiary George Weston Foods.
Sales in China of vehicles from VW Group subsidiary Lamborghini topped U.S. sales in 2011.
Wal-Mart Stores (nyse: WMT - news - people ), the world's largest traditional retailer, runs Walmart.com as a separate subsidiary that collects sales taxes in only nine states.
VW-subsidiary Audi's sales in China rose 30% last year to 405, 838 cars, while BMW's surged 40% to 326, 444.
In 1985 the company opened a U.S. subsidiary in Smyrna to promote sales to policemen.
Boeing has an aircraft-trading subsidiary, separate from its main sales force, which was created to trade unwanted jets built for Asian airlines that ran out of cash during the region's financial crisis.
The company required franchise owners, who paid it royalties on their sales, to buy their supplies from a Quiznos subsidiary, which became a sore point early on.
Plus, California collects sales tax if the retailer (directly or though a subsidiary) designs or develops products sold by the retailer.
The subsidiary, scrubbed clean, would inherit profitable policies, the sales force and other assets.
General Motors' European subsidiary said the decision was a response to a slump in car sales in Europe.
He was initially the Chief Financial Officer (CFO) of the company's German mobile subsidiary, later assuming the role of Chief Executive Officer before becoming the Chief Sales and Service Officer of the company's European mobile operations.
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Stephen Orenberg, chief sales officer, has been at Kaspersky in Massachusetts since the company set up shop as a subsidiary seven years ago with just two other guys running the back office and marketing with Moscow money.
But he is the university equivalent because the football program is like a wholly owned subsidiary, and Fisher manages an operating division that generates millions in cash receipts from ticket sales, royalties from sales of licensed merchandise worldwide, and goodwill affecting future enrollment and alumni donations.
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