Word: mitsubishis
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...color-TV plant in San Diego, and Nisshin Food Products Co. has put up a noodle factory in Gardena, Calif. Matsushita Electric is about to begin producing color-TV sets in Puerto Rico, and Toyota Motor is considering building an auto assembly plant there. Last month Mitsubishi Estate formed a joint venture with Morgan Stanley & Co. to build new communities in the U.S. The first will probably be a 1,000-home, $30 million development near Williamsburg, Va. Several states have sent delegations to Tokyo seeking more investment. Governor Linwood Holton of Virginia visited recently and conferred with Kenichiro Komai...
...share block, or .2% of the stock, in First National City Co., parent company of Manhattan's First National City Bank. Chrysler Corp. is considering selling to Japanese investors a million shares of its stock-worth about $35 million-to raise money for a joint automaking venture with Mitsubishi Motors Corp...
Died. Yoichiro Makita, 68, president of Japan's fifth largest corporation, Mitsubishi Heavy Industries; of complications from a peptic ulcer; in Tokyo Makita became head of the mammoth company in 1969, set out immediately to forge an agreement allowing Chrysler Motors to market Mitsubishi's Colt in the U.S., the first such deal between Detroit and a Japanese manufacturer. Makita took unabashed pride in the fact that Mitsubishi's chief products during World War 11 were warships and Zero fighter planes, and was an outspoken advocate of Japan's rearmament "Now that our G.N.P. is third...
...some of the Americans complain that the thorough Japanese sometimes take three weeks to make a seemingly simple decision. As for the Japanese, each of whom expects to spend up to six years in San Angelo, they worry that their children are becoming too Americanized. Two children of a Mitsubishi executive recently returned to Japan and scandalized relatives by forgetting to take off their shoes before entering the family home...
...with wry humor. Most of the American workers, for example, joke about the fact that their company initially gained fame by making the World War II Zero fighter. But most townspeople respect the Japanese for being "hardworking, intelligent and polite," as a local banker puts it. The fact that Mitsubishi's wages pump $1.2 million annually into the local economy, and that the company expects to increase production in San Angelo 50% by 1972, undoubtedly helps. Some final signs of acceptance: the San Angelo Country Club this month made Plant President Makoto Kuroiwa a member-and he now asks...