Word: auto
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Dates: during 2000-2009
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After discussing U.S.-Japan trade problems with Keijiro Murata, Minister of International Trade and Industry, lacocca went to South Korea, where he announced a joint venture with Samsung, a conglomerate that makes everything from ships to electronics. The Samsung-Chrysler operation will produce auto parts and components in Korea for export to the U.S. Both the Japanese and Korean deals underscored Chrysler's policy of not building subcompact cars in the U.S. entirely on its own. The company will now be relegating at least part of the job to foreign companies to keep costs down. ELECTRONICS Sony Complicates the Picture...
...test pilot and hell raiser was sketched in Tom Wolfe's The Right Stuff. Played by Sam Shepard in the movie, Yeager inspired the film's strongest image: the sooty phoenix emerging from the desert after bailing out of his burning plane. Now 62, the real Yeager stars in auto-parts commercials as a persuasive...
...surrounding region. The choice of a site was originally expected to be made in April, but the suspense has dragged on maddeningly as GM considered more than 100 locations. Last week the company cleared away the last obstacle to a decision when it reached an agreement with the United Auto Workers on an innovative labor contract for the Saturn plant's employees. As a result, GM will announce this week the location of what will be, in the words of one company official, "the largest manufacturing complex that anyone has ever built anywhere at one time...
...winner is Spring Hill, Tenn., a bucolic community of 1,400 located 28 miles south of Nashville and 563 miles away from the auto industry's epicenter in Detroit. The site is not as out of the way as it sounds. It is only about 30 miles from Smyrna, where Nissan builds cars and trucks, and some 30 miles from La Vergne, where Bridgestone makes tires. The success that these two Japanese companies have had in Tennessee reportedly impressed GM, as did the state's abundant electricity, favorable tax structure and productive labor force. Despite its fame as the home...
...searched long and hard for the right location because the Saturn project is not just another auto plant. It represents the company's best and perhaps last chance to beat back the Japanese challenge. Though wholly owned by GM, the factory will be the centerpiece of an entirely new company called Saturn Corp., which will have its own executives and engineers and a separate network of dealers. GM's plan is to give its new offspring the freedom to use advanced technology and flexible labor practices to erase the $2,000-per-car cost advantage that the Japanese enjoy...