Word: fords
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Dates: during 1990-1999
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...Honda Accord ever saw a drafting table. Nissan's success gave weight to the myth that Japanese companies were run by enlightened executives who worked in frictionless synchronicity with workers to produce superior cars. In his best-selling book The Reckoning, David Halberstam suggested that U.S. industry, namely the Ford Motor Co., would be consigned to a never-ending game of catch-up with the likes of Nissan, a company driven by the Japanese "demonic need for excellence...
These days Ford is a global predator with a $23 billion war chest and a market value ($34 billion) almost four times as big as Nissan's. Racked by an economy in an eight-year decline, Japan has a demonic need for the cash and expertise of foreign bankers and takeover experts who are buying, at deep discount, chunks of the country's financial and industrial base. "What has really happened this decade is the true inability of the Japanese to manage in a difficult situation," says ING Baring Furman Selz managing director Maryann Keller, who has studied Japanese industry...
...acquire a controlling stake in the world's seventh largest carmaker. Renault could afford it because that week Nissan's stock price had sunk low enough so that a 33.4% share (which counts in Japan as a controlling interest) was worth around $2.8 billion--or barely half of what Ford recently paid for Volvo, the world's 21st largest carmaker...
...been cooped up all winter, springtime is just around the corner and we're hitting the open road. And with gasoline cheaper than water at the local 7-Eleven, it's time to roll down those highways jammed with working-class heroes in one of the big boys, like Ford's new giga...
...Preston Tucker's Tucker. Francis Ford Coppola's 1988 retelling of the true story of WWII plane manufacturer Preston Tucker's dream of delivering safe, full-featured cars to the average American (check out that third headlight) is like the car itself: Glitzy, well-made, but with an old chassis underneath. In this case, the old parts come from Citizen Kane, and from Coppola's own back story: Driven man takes on the establishment and gets squashed...