Word: auto
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Quite the opposite. Wasteful processes that might have mattered little in a booming economy could doom a company when the economic pie starts shrinking. Take the auto industry. Toyota is weathering the recession far better than its American counterparts not just because it has been making the fuel-efficient automobile customers wanted - though that helped a great deal - but because the Japanese giant makes a fetish out of efficiency. (The term for it in Japanese is kaizen, or continual improvement.) Even Wal-Mart, once environmental Enemy Number One, has made its Byzantine supply chain greener and more efficient - and spreading...
...been a champion of the auto industry your entire career. How did it fall into such bad shape...
...effect, labor and credit costs, along with the costs of the parts needed to keep Detroit running, will rob the U.S. car companies of any chance at all that they can take advantages of a better market when it returns. The auto firms are in the process of completely undermining their future, and may end up destroying themselves in order to remain in business...
What is more stunning than the $2.9 billion loss for the car company's fiscal year is that it represents the first operating loss Nissan has had in 14 years, according to Reuters. (Read "January Auto Sales Go from Bad to Worse...
...Japan starts to put money into some of its weaker auto companies and the US only gives The Big Three modest financing, Japanese car firms may actually be in a position to gain market share in America by being able to financially ?outlast? the domestic car companies. Any funds the Congress agrees to provide to GM and Chrysler need to take that into account...