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The Road to Recovery

Although Ford ….. operating profits of over $7 billion in its American market this year, the story in Europe ….. very different. Its market share ….. from 12% six years ago to only 9% now. The truth is that rivals like Volkswagen and Renault ….. much better over recent years. They …. costs and ….. exciting and highly successful new models. In contrast, Ford ….. its large saloon, the Scorpio, which was not selling well. But Ford ….. a lot more success at the higher end of the market. Over the last few years it ….. a lot of money buying brands such as Jaguar, Aston Martin and Land Rover, and these models have much higher profit margins. It ….. some time to sort out the problems at Jaguar in particular, but it’s now a successful part of the business.

Exercise 7. Complete the following company profile with either the Present

Perfect or Past Simple tense of the verbs in brackets. You should

pay particular attention to irregular verbs and to the position of

adverbs.

William Colgate ….. (found) the Colgate Company in 1806 as a starch, soap and candle business in New York City. For the first one hundred years, the company ….. (do) all its business in the United States. However, in the early 1900s, the company …… (begin) an aggressive expansion programme that ….. (lead) to the establishment of Colgate operations in countries throughout Europe, Latin America and the Far East. Recently it ….. (set up) operations in Turkey, Pakistan, Saudi Arabia, Eastern Europe and China. Colgate-Palmolive ….. (become) a truly global consumer products company, worth $6.6 billion and selling in more than 160 countries.

Colgate-Palmolive’s five main sectors of business are: Oral Care, Body Care, Household Surface Care, Fabric Care and Pet Nutrition and Health Care. In the area of Oral Care, Colgate-Palmolive is the world leader in toothpaste. Since 1980, the company ….. (increase) its share of this market by more than 12% to over 40% today. Oral care revenues ….. (grow) significantly in recent years and in 1991, they …… (exceed) $1.3 billion. As a result of the company’s heavy investment in research and technology, it ….. (develop) many successful toothpastes, rinses and toothbrushes. To strengthen its presence in professional products, Colgate-Palmolive ….. (buy) the Ora Pharm Company of Australia and the dental therapeutics business of Scherer Laboratories USA in 1990. For many years, the company ….. (have) a strong dental education programme in schools throughout the world and ….. ….. (maintain) a close partnership with the international dental community. For the last three years, the company ….. ….. (be) a major sponsor of the International Dental Congress, the world’s largest and most prestigious dental meeting.

The company ….. (always pay) close attention to the environment. It ….. ….. (already make) great progress in the use of recyclable bottles and packaging materials. In 1990 the American Council on Economic Priorities ….. ….. (choose) Colgate-Palmolive as one of the four most socially responsible companies in the United States.

Exercise 8. Complete the text by putting the verbs in brackets into the correct

form of the Past Simple or Present Perfect.

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