Word: mitsubishis
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...better shape than it was when Iacocca took over in 1978. This time Chrysler will benefit from its diversification into financial services, which provided $284 million in profits last year, and from its rapid expansion into Europe. By selling Gulfstream, 45% of its shares in the Japanese automaker Mitsubishi and other assets, Chrysler will generate more than $2 billion to add to its cash kitty of $2.2 billion. While Chrysler's share of the U.S. car and truck market slid half a percentage point last year, to 13.5%, the company exited the decade with a larger portion than...
...replacement models, the Dodge Spirit and Plymouth Acclaim, debuted in 1988 to generally good reviews and have sold consistently well since their introduction. Chrysler plans to roll out a new, streamlined minivan this fall and a new version of the Jeep Cherokee next year. Criticized for its reliance on Mitsubishi for sophisticated engines, which power Chrysler's hot new Plymouth Laser and Eagle Talon, the company has introduced a family of U.S.-built V-6 engines. The automaker's real product gap is in the mid-size-car category. To counter that, Chrysler will introduce a striking auto...
When it finally does appear, it may not be American. A group of 13 Japanese companies, including Mitsubishi and Nippon Electric, has teamed with the government's Ministry of International Trade and Industry to launch a ten-year optical-research program. Given the Japanese record in electronics, their interest in optical computers may be the best evidence that Huang and AT&T are on to something...
...breakthrough products, which instantly transformed electronic life, the new TV systems are likely to be perceived by consumers as a more gradual -- though inevitable -- improvement. Moreover, the Walkman did not require major home remodeling to work its magic. At the Winter Consumer Electronics Show in Las Vegas last month, Mitsubishi demonstrated a 120-in. rear-projection TV set that calls for a 6 1/2-ft. space to be cleared out behind a wall before the set can be installed in a home. And not everyone wants his house turned into a videodome. "What happens when you build a house around...
...American Airlines' SABRE reservation system. Last September a Parisian computer creatively misread magnetic labels on 41,000 traffic-violation files and began charging delinquent motorists with crimes ranging from murder and drug trafficking to prostitution. A fire in a Tokyo utility tunnel several years ago wiped out circuits connecting Mitsubishi Bank's mainframe computers with branch offices, shutting down automated-teller machines across the country for five days...