Word: metallism
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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...
...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...
...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...
...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...
...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...