Word: honda
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...year and retired hourly workers account for three quarters of the annual bill, which also represents a substantial piece of GM's labor costs of $73.26 per hour. The cost is $25 to $30 per hour more than the labor costs of Asian rivals such as Toyota and Honda that have plants in the U.S. The creation of the VEBA could eliminate as much as one half to two-thirds of the gap virtually overnight...
...will have expanded India's car market by more than half. Competitors aren't willing to cede that kind of market share without a fight. Carlos Ghosn, head of Renault-Nissan, recently announced that his company was looking at building a $3,000 car in India. Fiat, General Motors, Honda, Hyundai, Maruti Udyog (the Indian division of Japanese manufacturer Suzuki), Toyota and Volkswagen are also working on low-cost cars, though none of them have promised anything quite as cheap...
...more annual flying time compared with 3% for commercial jets. That provides an estimated $227 billion to corporate jet manufacturers, such as Bombardier, Embraer and Dassault. Roberts adds that the new very light jet category alone could account for up to 4,000 deliveries over the next 10 years. (Honda's first foray into the business jet market, the twin-engined advanced light jet, is expected to roll...
...have to be living under a rock-or perhaps driving a Ford Pinto-to be unaware that Japanese auto manufacturers have conquered foreign markets. Toyota recently passed GM to become the world's largest carmaker, and even runner-up brands like Honda are in better shape than their struggling American counterparts. But back home, the news isn't so golden. Thanks to an aging, shrinking population and lackluster consumer spending, sales of full-size vehicles in Japan last year were the lowest since 1977. Mighty Toyota may have posted a record global profit of $18.6 billion...
...father had been an operator at India's National Thermal Power Corp., a job that paid well and enabled him to give all his four daughters a good education. Pravin wanted to keep Smita the way her father had. His motorbike, a black-and-gold 97-cc Hero Honda Splendor Plus, cost him just over $1,000, a fortune considering he made just a few hundred dollars a year. "I told him it was not affordable, not needed," says his father Vijay. "He said he needed it to get to the fields. The young these days-they want more luxuries...