Word: auto
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Dates: during 2000-2009
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...specialize in anything. I've done special series on Africa, on auto racing, on soccer players. I've done plenty of portrait work-anything that captures what it means to be human...
...union's leadership recognized, however, that GM needed something like the proposed contract to compete against a host of Japanese invaders. In addition to Nissan's Tennessee factory, a Honda auto plant is already operating in Marysville, Ohio. Mazda intends to build a factory in Michigan by 1987, and last week Toyota announced that it too would set up a U.S. plant within three years...
...long shot, but we also knew we were in the competition." But Douglas Ross, Michigan's secretary of commerce, was more upbeat. "We win, no matter where the Saturn plant goes," he said. "If Saturn learns how to build cars competitive with the Japanese, that means the American auto industry centered in Michigan will survive and flourish...
Though far from elementary, a plausible explanation for the trend can be found in the cyclical swings of supply and demand for auto fuel. Little more than a year ago, the world was swimming in gasoline. As a result, prices at the pump began to fall, and oil companies suffered a profit squeeze. The average cost of a gallon of gas declined from $1.22 in May of 1984 to $1.15 by last January. In response, companies curbed production. At least 18 American refineries closed last year. The cutbacks have reduced U.S. inventories of gasoline by 9%, to 222 million...
This summer's surge in prices is likely to be temporary. The hefty profits being made on gasoline will probably stimulate production. In addition, imports of auto fuel from overseas refineries are on the rise. Most industry experts predict that by the end of the year, at the latest, the cost of gasoline will be moving in the same direction as the price of crude oil: down...