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...company, in piling on capacity, inadvertently embracing a strategy that has proved perilous for its competitors? And how will the rest of the industry be affected by its initiatives? For Detroit automakers--which rely on pickups as a critical source of profit--the flood of Toyota metal spells only trouble. As Toyota president Fujio Cho told TIME, "We're expanding very rapidly." That is a diplomatic way of saying: Get ready for a showdown...

Author: /time Magazine | Title: The New Dude on the Road | 4/18/2005 | See Source »

...Toyota is that it repeats GM's mistakes by overexpanding. With new plants in far-flung places from China to the Czech Republic, Toyota has added capacity for an additional 1.5 million vehicles a year by 2006, bringing annual production to 8.5 million vehicles. That's a lot of metal to move at a profit, and it's only getting tougher. Rising commodity and energy prices are increasing manufacturing costs. And looming interest-rate hikes, the bane of new-car sales, may make even today's volume tough to sustain...

Author: /time Magazine | Title: The New Dude on the Road | 4/18/2005 | See Source »

...pallid glow of a lone emergency light, the lawmakers went about their business as usual. Since the bells normally used to call the Senate to order had been knocked out, a clerk gained the attention of the nation's most exclusive debating society by thumping loudly on a metal trash can. Quipped Majority Leader Robert Dole: "We work in the dark most of the time anyway...

Author: /time Magazine | Title: Lights Out on Congress | 4/18/2005 | See Source »

...Coulter's friends had told me that nothing angers her quite like standing in an airport security line. (She travels frequently to give speeches at $25,000 a pop--up to $50,000 if she must cross the Mississippi River.) Conveniently, her plan would let her glide through a metal detector the pre-9/11 way (shoes on, dignity intact...

Author: /time Magazine | Title: Ms. Right: ANN COULTER | 4/17/2005 | See Source »

...some catching up-Luci, Steve, kids, opinions on Pedro, who had pitched a two-hitter the day before, beating Smoltz-and then trained our thoughts on Fenway. It wasn't hard. When we transitioned to the Mass Pike via the toll booths, there was a large metal sign saluting the New England Patriots, World Champions, as we approached, and then the Boston Red Sox, World Champions, as we exited. We made a pit stop near Framingham and everyone-everyone-milling about at the McDonald's and Dunkin' Donuts counters was wearing Sox garb-a hat, a sweatshirt, some with...

Author: /time Magazine | Title: 'Our Red Sox,' Still? | 4/16/2005 | See Source »

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