Word: low-cost
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Japanese manufacturers, for their part, are maneuvering to meet the challenges that have been posed by a strong yen and weakening exports. Companies are increasingly purchasing parts from low-cost foreign suppliers or & moving production to such cheap-labor countries as South Korea, Singapore and Taiwan. Many manufacturers are opening plants in the U.S., in part to avoid restraints imposed on imports...
...arrival of the Corsicas and Berettas should give a much needed boost to GM, the leading automaker and world's largest industrial company (1985 sales: $96.4 billion). Only a year ago GM stood as a shining example of a U.S. firm that was rapidly adapting to the high-tech, low-cost automaking techniques of the next decade. But on its way to that goal, the company has lately come across a roadful of financial potholes -- many of GM's own creation. In the past four years, the zealously modernizing company has spent billions of dollars to build four new plants...
Amid the frenetic activity, says Ford Chairman Donald Petersen, "the real battle will be won by whoever is best able to utilize capacity." Above all, that is a call for more automaking efficiency, meaning greater use of low-cost suppliers, more highly automated and productive plants -- and, in all likelihood, fewer workers, who will receive lower wages in return for better guarantees of job security. The reality is that the future for the major U.S. auto companies is already here. The heartening fact is that not one of them is trying to avoid...
...eldest male among the 28 cousins who make up the third Kennedy generation. In 1979, after a checkered academic past, Kennedy formed Citizens Energy, a nonprofit corporation that distributes low-cost heating oil in Massachusetts. Throughout his race for the Cambridge seat being vacated by House Speaker Tip O'Neill, Kennedy has campaigned on a platform of fiscal responsibility, shunning the kind of straightforward, do-good liberalism that he advocated in his younger days...
...action down at City Hall last spring, a first-term city councillor offered a series of scandalous proposals which would weaken, if not destroy, rent control and Cambridge's method of providing low-cost housing to its neediest citizens. Throughout the whole legislative debate, however, Harvard's large legislative lobbying staff was conspicuously quiet on the matter--and no wonder, given the University's poor track record on rent control...