Word: hitachis
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...What's A Hitachi...
...with soccer. Many European teams wear corporate logos on their jerseys along with their club symbol. As one who grew up watching the North American Soccer League, I could not understand what Borussia Moenchengladbach had to do with Hitachi...
...While the two sides were feuding, the Soviet-controlled company grew impatient and bought a Hitachi-made IBM clone. The Commerce Department admitted last week that it could have questioned that sale because the Hitachi machine contains some U.S.-made parts, but agency staffers who approved that deal somehow failed to notice Transnautic's Soviet ownership...
Ordinarily it takes decades to build an industrial behemoth on the scale of General Electric, West Germany's Siemens or Japan's Hitachi, but last week a world-class electrical-engineering giant was born practically overnight. In a surprise strategic move, two smaller European competitors -- Switzerland's Brown, Boveri and Sweden's ASEA -- announced a plan to merge their main operating divisions into a joint venture that would boast annual sales of more than $15 billion and employ some 160,000 workers. The new ASEA Brown Boveri should be a potent competitor in the global market for heavy electrical products...
...become employment mainstays of that country. An estimated 1,400 U.S. firms, including General Motors, General Electric and Honeywell, use the plants to take advantage of a Mexican minimum wage that at current exchange rates is less than 40 cents an hour. Japanese companies like Sony, Sanyo Electric and Hitachi have followed suit, and the resulting boom is transforming border towns like Juarez into bustling industrial centers...