Word: honda
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...entire Flat Rock work force. That would create the closest partnership yet between a Japanese car company and an American union. Although Toyota's joint car-building venture with General Motors in Fremont, Calif., employs U.A.W. members, the union does not deal directly with the Japanese firm. Both Honda and Nissan use nonunion labor in their American plants...
...should be able to feed the beast within. Jalopnik's scribblings have more personality ("Volkswagen continues to tease us like the self-hating louts we are, releasing another teaspoon's worth of details on its yet-unnamed convertible....") while Autoblog delivers industry news straight-up ("Hybrids are Hot: Honda sells 100,000"). Bonus link: 10 Hot Vehicles for Techies, from the new cars.cnet.com...
...Sonata offers a lower-priced alternative to Toyota's Camry or Honda's Accord, Hyundai's sales reached 419,000 cars last year, up 360% since 1998. In Europe, sales spurted 21% in 2004. In India, Hyundai's 17% share of the passenger-car market made it the largest foreign automaker in 2004 and the second biggest car company overall behind Maruti, a Suzuki subsidiary. Hyundai is beating competitors by modifying its small cars with ingenious features designed for Indian customers, like elevated rooflines to provide more headroom for turban-wearing motorists...
...regard for its products through an almost fanatical attention to getting it right. Consumer Reports magazine recently named the Sonata the most reliable car in the U.S. And Hyundai placed a solid third among nonluxury brands in J.D. Power & Associates' 2005 survey of initial-car quality, beating out Honda. Six years ago, Hyundai ranked among the worst in terms of initial defects. The comeback is "astounding," says Chance Parker, executive director at J.D. Power in Westlake Village, Calif...
...plant just revving up, Hyundai may have a harder time maintaining quality. "They're not out of the woods yet," says J.D. Power's Parker. Dwindling profit margins are another problem. The average Hyundai car retails for 10% to 15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged up a mere 2% while sales grew 10%. Lehman Bros. auto analyst Zayong Koo says, "They need to show a track record...