Word: gm
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Dates: during 2000-2009
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...union's leadership recognized, however, that GM needed something like the proposed contract to compete against a host of Japanese invaders. In addition to Nissan's Tennessee factory, a Honda auto plant is already operating in Marysville, Ohio. Mazda intends to build a factory in Michigan by 1987, and last week Toyota announced that it too would set up a U.S. plant within three years...
...U.A.W. executive board approved the Saturn contract last week with only a few revisions. One change was a new requirement that anyone Saturn hired who was a union member and a current or former GM employee would be guaranteed lifetime job security. U.A.W. President Owen Beiber praised the pact. Said he: "For the first time in history, our union will have a great deal of input upon how the plant is operated...
...GM's announcement of the winning site will be the climax of a contest that bore a passing similarity to the 1849 gold rush. More than 20 Governors made pilgrimages to Detroit to woo GM, offering all sorts of land deals, tax breaks and worker-training grants. Minnesota's Rudy Perpich said his package of inducements was worth $1.3 billion to the company. To remind GM's executives of its lures, Missouri erected a billboard in downtown Detroit that read GIVE US A RING. Another sign said CHICAGO WANTS YOU. Celebrities were enlisted as well. Boxer Ray ("Boom Boom") Mancini...
Within the past few weeks, GM reportedly narrowed the choice down to three sites that met most of its needs: Spring Hill; Shelbyville, Ky., a town of 5,500 about 30 miles east of Louisville; and Schoolcraft, Mich. (pop. 1,350), which is twelve miles south of Kalamazoo. One of Kentucky's drawbacks appeared to be the relatively poor quality of its educational system. Partly in response to GM's concerns, the state's legislature met in special session two weeks ago to pass a $306 million education-aid bill. Michigan's main attraction was a large pool of skilled...
...last week, Spring Hill had emerged as GM's choice. Tennessee's pitch had been low-key but effective. Three months ago, when Smith was in Memphis to give a speech, Tennessee Governor Lamar Alexander and former Senator Howard Baker cornered him. The three men met for an hour at the stately Peabody Hotel, once a favorite gathering place for Southern plantation owners. Alexander and Baker explained that Tennessee's constitution prohibits it from giving financial incentives to companies. They also emphasized that the state has a pro-business government, no income tax on wages and salaries, and a hardworking...