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...point of view. You don't reach the top gear in the global auto industry unless you make outstanding cars, which Toyota does - most of the time. Though cars are familiar machines, they are also highly complex ones. To create a modern car, a company has to design, engineer, build, buy and then assemble some 10,000 parts. Sell 7.8 million cars, as Toyota did worldwide in 2009 - a horrible year for the industry - and there are billions of new parts with the potential to go kerflooey. Inevitably, some...
...reputation for quality that Toyota has damaged in just a few months took decades to build. Though Toyota was founded in the 1930s, its climb to global prominence started after World War II as the company became one of the exemplars of Japan's miracle - the creation of a successful, technologically advanced economy out of the ashes of war. In the 1950s, the company experimented with ways to manufacture cars more efficiently. Ironically, Japan's awful postwar poverty acted as a spur. The production techniques of American car companies - with heaps of stored components awaiting assembly, and ample machinery...
...Lose Influential Friends The recalls came at time when Toyota was regaining momentum after losing $4.9 billion in its latest fiscal year, as recession-racked consumers parked their money. For much of the past year, hundreds of Toyota employees in the U.S. didn't build cars at all, instead attending classes or doing "maintenance" work on half-built vehicles at idled factories in Texas and Indiana. Toyota kept the workers on in anticipation of better times ahead. Now the company is looking at another year of losses and significant overcapacity in North America...
Khazei, who founded the urban public service program City Year, said that he expects similar programs to emerge across the country, as other institutions build on Harvard’s model...
...begin enriching its uranium stockpiles to 20% concentration, from its current level of 4%. Though the government says the higher level of enriched uranium would be used to fuel a medical reactor, each step Iran takes in advancing its nuclear-development program increases international suspicion that it intends to build a nuclear weapon...