Word: launchful
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...vehicle, says Sean McAlinden, an economist at the Center for Automotive Research. While the Japanese government pays for most Toyota retirees in Japan, GM shelled out $3.6 billion to pay for retiree health care just last year. GM's turnaround plan is a high-wire act: pushing up the launch of new pickups and SUVs, reducing profit-killing incentives, cutting costs and pressing its unionized work force to share more of GM's health-insurance bill...
...strengths, the company needs a truck hit in the U.S. to offset weaker prospects in other areas. While Toyota is expanding rapidly in Europe and China, those sales tend to be concentrated in the compact-car segment, in which profit margins are low. In Japan, where Toyota intends to launch its Lexus brand in August, the company may have a hard time expanding market share, already at 44%. The dollar's slump against the yen, meanwhile, makes Japanese exports more expensive...
...short run, Chung's obsession with quality can be costly. Last year, he delayed the launch of a new Sonata in Korea for two months while engineers cleaned up 50 minor defects. In 2003, he asked Lee, the senior R&D executive, to get rid of an annoying noise made by grinding gears in the transmissions of Kia Amanti sedans. Lee worried that he'd have to shut down production entirely to work on the problem. "I told him that we'd lose two months of sales," he recalls. "The chairman said: 'If it's for quality...
...gone back to his family's maritime roots determined to revolutionize yet another industry with easyCruise. Like easyJet, the minimalist European airline that gave rise to the Easy empire, Hadji-Ioannou's latest venture is bold, bare-bones and very orange. "The strategy," he told attendees at a launch event in Athens, in late March, "is to target younger crowds, in their 20s and 30s, rather than wealthy older people who like more traditional cruises...
...bringing things back to earth. When I met him in Bombay, Nilesh Shah, head of equity strategy at Kotak Securities, seemed pleased but perplexed by the performance of his team's fledgling mid-cap fund, targeted at foreigners willing to pony up $100,000. Six months after its launch last August, he marveled, it had soared...