Word: mitsubishis
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...Lower-tier schools, however, may not be able to compete because of a lack of resources, and many will likely end up closed or consolidated. But the ruthless competition will ultimately be good for students, says Kiyoaki Murakami, a science and technology research director at Tokyo-based think tank Mitsubishi Research Institute. "I believe the quality of Japanese education will improve, especially if the current sense of urgency drives Japanese schools to start competing with M.I.T. and Harvard." As for Hagi, new investors are considering relaunching it as a training school for social services, including elderly care?one job sector...
...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...
...with the most wonderful car and people still won't buy it." The Daimler people are hoping that won't happen to them. The troubles at Daimler follow years of restructuring after the 1998 merger of Daimler and Chrysler, and persistent quality problems at the Japanese commercial-vehicle subsidiary, Mitsubishi Fuso Truck & Bus Corp. But quality is what the Mercedes brand is especially known for, and that's the area where the firm is hurting itself most. Customer complaints prompted the record recall, and even German taxi drivers are switching allegiance. Since 2001, Mercedes' share of new taxi registrations...
...insular corporate cultures on earth. Over the past 15 years, plenty of Western management practices, investors and executives have been tried, with mixed results. For every Ghosn, who is now a national hero for saving Nissan, there is a Rolf Eckrodt, the DaimlerChrysler executive who failed to turn around Mitsubishi Motors. For every Ripplewood Holdings, the U.S. investment firm that bought out and successfully relaunched the bankrupt Long-Term Credit Bank as Shinsei Bank, there is a Carrefour, the French retailer that is withdrawing from the country after just five years. Still, Katz sees slow progress. "For a long time...
...Mark Ramseyer, Mitsubishi Professor of Japanese Legal Studies...