Word: gm
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Dates: during 1990-1999
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DAYTON, Ohio: Workers at two General Motors brake plants have gone on strike, threatening production at other GM plants. After failing to reach agreement during all night talks, about 3,000 workers walked out of the two plants Tuesday morning. The main issue in dispute is the production of parts by outside plants or companies. Union officials say GM's proposed 'outsourcing' of production could affect 125 jobs. Two years ago, workers at the two plants staged a three-day strike, shutting down five GM assembly plants. GM spokesman Tom Klipstine said that the strike would have no effect...
Well, why not? One truck model--Ford's F-Series pickup, the best-selling vehicle in the U.S. last year--sold more units than any of GM's seven divisions except Chevrolet. GM's truck-transmission plant in Toledo, Ohio, has operated every hour of every day for the past five years, and industry experts calculate that if GM could add two more truck plants, it could sell 450,000 more units a year, for an added profit of $3 billion...
...miles of Manhattan. Lincoln, in planning to bring out its Mountaineer model this year, found that only 15% to 18% of utility-vehicle owners ever used their machines to tow or haul anything. And as for off-road rowdiness, "They look at you as if you were crazy," says GM designer Bill Wayland. "Why would I want to drive my $40,000 vehicle off-road and scratch the paint on a bunch of rocks...
...continuing bad economic news, General Motors reported that its $6.9 billion in profits made 1995 the best year ever for the company. The company earned a record $1.9 billion in the fourth quarter alone. "This an organizational success, but not a sales success," reports TIME's William McWhirter. "GM cut sales and manufacturing costs and pruned its operation to the point where chairman Jack Smith even lost his private dining room. But the company's sales are down in the car division, and only their truck division continues to do well." Expect just the opposite when Ford's earnings...
...legendary General Motors chairman. "Sloan knew he couldn't compete with Henry Ford on efficiency, so he changed the rules of the game," says Forbes. "He introduced things like different-color cars and annual model changes, and it's taken Ford 70 years to get back close to GM. I'm like Sloan. I see what the new world needs and wants, and I'm offering it. Dole's still making black cars. But he doesn't have...