Word: gm
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Dates: during 1990-1999
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...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 by a lengthening strike of auto workers at its Canadian plants. While layoffs have been avoided at GM for another few weeks, cuts in production appear imminent, and Chrysler executives are primed to make a run up the ladder. Layoffs resulting from the strike continued to spread Monday, with 5,911 workers affected at assembly and parts plants in the United States and Mexico. As the G.M. strike...
...Capital, the finance arm of General Electric, warned holders of its GE Rewards MasterCard to expect a $25 annual penalty unless they racked up some interest-bearing debt. Two weeks later General Motors chopped in half the discounts that holders of its gold cards can get when purchasing new GM cars and trucks...
...whatever edge they can. For some this has meant flashy new offerings like the $100,000 (as in credit line) Platinum Plus card that M.B.N.A. America Bank of Wilmington, Delaware, launched earlier this year. (Just tell that Rolls-Royce dealer to put it on the card.) For others, like GM, it has meant cutting back enticements that proved too expensive to maintain. For still others, like Apple Computer, which lured spenders with discounts on computers, it has become time to get out: the troubled company told holders of its Apple Citibank card last week that it was quitting the credit...
...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 and 29 for GM...
...every auto company in the world is desperately seeking an engine to replace the internal-combustion machine that has been powering cars, consuming oceans of fossil fuel and polluting the universe for about 100 years. GM, in fact, will begin selling a battery-powered electric car in California this year. California, locked in a perpetual automotive smog, requires that by 2003, 10% of the cars offered for sale in the state produce zero emissions; many states are expected to follow suit...