Word: detroit
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Dates: during 1990-1999
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...DETROIT: Chrysler today reported third-quarter profits nearly double those of a year ago, riding continued strong sales of minivans, pickups, and sport utility vehicles. Net earnings for July through September were $680 million, well surpassing Wall Street expectations and boosting stock prices 621/2 cents to $32.371/2 a share by midmorning on the New York Stock Exchange. General Motors is set to report earnings Tuesday, followed by No. 2 Ford on Wednesday. Currently the third largest U.S. automaker, Chrysler hopes to make a strong sales run in the coming weeks with industry leader G.M's. production threatened...
Holland won some battles. He persuaded the board to expand into France despite Cohen's resistance, but that victory probably widened the divide between the two. Cohen opposes France's controversial nuclear-testing policies. Holland is something of a social activist in his own right. In Detroit in the 1980s, he created programs to help disadvantaged students graduate high school. Still, clear and early enough were Holland's and Cohen's differences that Holland never moved to Vermont from his home in New York City. Why get comfortable? Holland didn't return calls seeking comment...
...Toyota is building a vast industrial empire in the center of America's heartland, with I-64 as the hub for some $8 billion of North American investments. By 2000 Toyota hopes the public will view the company as the fourth member of the Big Three automotive family--though Detroit has no intention of extending a membership invitation. Vows Toyota president Hiroshi Okuda: "We will be the first [foreign manufacturer] to be recognized as a U.S. company...
Toyota's relentless cost engineering creates efficiencies that Detroit can chase but not match. Its philosophy of continuous improvement--rethinking the thousands of steps that go into building each model-- allows Toyota to constantly trim material costs and production time. The company lowered the base price of its 1997 Camry by 4%, for example, after taking steps that included streamlining the front-bumper assembly from 20 parts to 13 and reducing the number of steel body fasteners from 53 to 15. Such improvements enable Toyota to assemble a car in 21 hours, vs. 25 for Ford, 27 for Chrysler...
Each passing day, I became more convinced that Harvaard viewed me as expendable and had dealt me my fate, sending me from Grays East to Pfoho like the first-place New York Yankees exiled Ruben Sierra to the abysmal Detroit Tigers. Many questions crossed my mind: Should I investigate off-campus housing? Should I work out to get in better shape for the daily trek...