Word: forded
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Dates: during 1980-1989
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Several companies in need of engineers have started programs to help universities that train them. This week Motorola will announce a plan to donate $1.2 million to an Arizona State University engineering program. Exxon and Ford are also pumping money into engineering departments...
With auto production at its lowest level in 30 years. Detroit is still mired in a depression. Ford revealed a January through March loss of $355 million, which was encouraging only when compared with a $440 million deficit during the same period last year. American Motors reported a $51 million shortfall, its eighth consecutive quarterly loss. Even at dominant General Motors, profits were down 33% to $128 million. Most of GM's modest income came from selling auto insurance and financing loans to car buyers. Actual U.S. sales of GM autos were...
Many relatively small unions managed to wring average first-year wage increases of 7% or more from their employers. But the two biggest unions in the study were far more accommodating. Both the International Brotherhood of Teamsters and the Ford Motor Co. members of the United Auto Workers agreed to forgo any wage increases in order to help hold down costs and prevent further layoffs in their recession-squeezed industries. With 335 major wage contracts covering 1.4 million unionized workers coming up for negotiation in the current quarter, a continuation of the wage restraint would be the best evidence that...
...subcontractors scattered across the U.S. Running short of even one crucial component can force the shutdown of an entire assembly or production line at a plant. On the other hand, the costs of buildings and guards for equipment that is not needed can be staggering. For example, at Ford Motor Co., which lost $1.06 billion in 1981 on sales of $38.2 billion, every $1 worth of inventory costs the company an additional 260 a year in overhead expenses. Sums up William J. Harahan, Ford's director of technical planning: "Substantial inventories are just no longer an affordable luxury...
...Both Ford and General Motors are experimenting with just-in-time production. At GM's truck assembly plant in West Carrollton, Ohio, Findlay Industries Inc., a local manufacturer of truck seats, makes daily deliveries of seats that are bolted into truck cabs within four hours of their arrival at the plant. The seats used to sit around in a plant warehouse for as long as two weeks waiting to be drawn from inventory and used. At GM's Linden, N.J., and Tarrytown, N.Y., assembly plants, similarly tight inventory management procedures are expected to save the company upwards...