Word: lacocca
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AUTOS On the Road with lacocca...
...little like an opposing general inspecting enemy lines, as Chrysler Chairman Lee lacocca flew off to Japan last week aboard his company's Gulfstream II. The first objective was Mitsubishi Motors, with which Chrysler has for some time wanted to set up joint production in the U.S. lacocca and Mitsubishi President Toyoo Tate announced that the companies in 1988 will begin making a small car in a plant to be built in the Midwest or South. The project will cost $500 million, turn out 180,000 cars a year, employ 2,500 autoworkers and create as many...
After discussing U.S.-Japan trade problems with Keijiro Murata, Minister of International Trade and Industry, lacocca went to South Korea, where he announced a joint venture with Samsung, a conglomerate that makes everything from ships to electronics. The Samsung-Chrysler operation will produce auto parts and components in Korea for export to the U.S. Both the Japanese and Korean deals underscored Chrysler's policy of not building subcompact cars in the U.S. entirely on its own. The company will now be relegating at least part of the job to foreign companies to keep costs down. ELECTRONICS Sony Complicates the Picture...
...views Time magazine's Man of the Year in a similar light. "We feel Mikhail Gorbachev is not fundamentally different from any of his predecessors," says Springston, who says he views Soviet-style "communism" as essentially capitalist. "I would compare Mikhail Gorbachev to Lee lacocca: He feels his corporation needs to be restructured," referring to the chief executive officer of Chrysler...
...Devil, complete with cigar and sinister Texan accent. Ah, the evils of big business. Ernest begins his meteoric rise to the top as overseer to the Seven Deadly Sins (Norma Lindabl), here a collection of painfully unwitty caricatures: Envy, for instance, wears a Yale sweatshirt. Bring on Lee Lacocca instead and spare us the trouble. Well-prepared by his MBA, Ernest learns the topes quickly and manages to impeach the Devil as president of the company, only to be in turn dethroned underhandedly by none other than the secretly depraved Prudence. At this point occurs the long-anticipated "surprise ending...