Word: auto
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...more serious threat to Hyundai came on May 30, when 20,000 workers struck the company's profitable auto-manufacturing unit, shutting down all 15 of its plants. The strikers are asking for a 48% pay hike. The government is pressuring Hyundai and other companies to resolve their labor problems quickly in hopes that the situation will calm down by the time the Seoul Olympics begin in September...
...most startling disclosure is that last year he explored the possibility of a $40 billion takeover of beleaguered General Motors, which is four times Chrysler's size. As proposed by Edward Hennessy, chairman of the industrial conglomerate Allied-Signal, the takeover would have given Allied- Signal GM's auto-supply operations and Chrysler the rest. After talking it over with investment bankers and lawyers, Iacocca rejected the notion as too much of a reach. Said he: "I concluded that it might be easier to buy Greece...
...million). Though 75% of Ford's earnings come from the U.S., it is also doing well around the world. Revenues in Western Europe went up by 25% last year, to $15.7 billion, and even in Japan, Ford has scored persistent, if modest, sales increases. Looking at the figures, Auto Analyst Ann Knight of Paine Webber observes, "It would be hard to imagine them doing a better...
Ford knows that the competition remains formidable and that prosperity in ! the auto business is never assured. Perhaps the greatest danger to the company's momentum is a slowdown in the U.S. economy. At 5 1/2 years, the current expansion is unusually old, and many economists expect a recession to hit next year. Already, interest rates are on the rise, which could slow auto sales by making it harder for customers to afford car loans...
...accomplished dancer--tango, salsa, waltz and swing. She learned how to salsa while in Berlin last year. And when she wasn't studying or salsa-ing, Rodriguez worked at the Knecht Auto Oil Filter Company. Her duties at Knecht ranged from data processing and bookkeeping to serving on an assembly line...