Word: chrysler
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DIED. G. WILLIAM MILLER, 81, indefatigably optimistic Federal Reserve Chairman, then Treasury Secretary, during the Carter Administration who battled inflation and engineered the 1979 government bailout that saved carmaker Chrysler from bankruptcy; in Washington...
...Iacocca, the mind behind Mustang, clashes with Henry II and is fired, then becomes Chrysler...
Ford's design team is stacked with talent and has only got stronger lately. Two highly regarded Brits, Peter Horbury and Martin Smith, are in charge of design for Ford's North American and European divisions, and last year Ford lured a hot hand from Chrysler, Freeman Thomas. At Chrysler, he sketched the initial concept for the 300 sedan, one of Chrysler's biggest hits in a decade. At Ford, Thomas has already won praise for a concept car, the Reflex, featuring solar panels, butterfly doors and internal insulation made of recycled Nike shoes. "Bill [Ford] has come...
...more attractive. Tariffs on parts have declined lately, and logistics costs should decrease as China's transport infrastructure improves. Last year Honda became the first foreign automaker to set up a major export operation, shipping a compact to Europe from a plant in Guangdong's special, duty-free zone. Chrysler plans to build its 300-model sedan in Beijing for domestic sale and possible export (although not to North America, where autoworkers would probably object). GM and Volkswagen export small quantities too, such as Chevy Venture minivans to the Philippines and Polo compact cars to Australia. A Chinese supplier, Wanxiang...
Honda is just one of the foreign car manufacturers that are expanding in the U.S.--challenging GM, Ford and Chrysler in their own backyard. According to the Center for Automotive Research (CAR), the number of manufacturing jobs created by foreign-based automakers in the U.S. has risen 72% since 1993, to about 60,000. (The Big Three currently account for around 240,000 manufacturing jobs in the U.S., down from 340,000 in 1993.) The Asian companies have grown the fastest. Toyota, which plans to overtake GM soon as the world's largest automaker, has 11 U.S. plants and expects...