Word: mitsubishis
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...stock fresh squid. Such events, however, have become part of everyday life in the prairie town of San Angelo (pop. 63,884). There, some 30 Japanese executives have adapted to the Texas life-style well enough to make a thriving operation out of an aircraft-assembly plant owned by Mitsubishi Heavy Industries, Japan's fourth largest industrial company (1970 sales: $2.6 billion). Last year Mitsubishi corralled $16 million in sales and 25% of the U.S. market for executive turboprop aircraft by selling 41 planes put together in San Angelo from parts made in the U.S. and Japan...
Translation, Please. Such success is rare. Japanese industry, of course, has developed an enormous American demand for its export products, but high wage costs have kept all but a handful of Japanese firms from even trying to manufacture in the U.S. Aside from Mitsubishi, Japanese companies own and operate only four plants in the U.S.. and all are experiencing difficulties. The main reason is that Japanese executives in the U.S. tend to base production schedules on the pace of Japanese factories, where workers put in six eight-hour days a week. When Mitsubishi took over the San Angelo plant...
...Rodeo. The ride turns up only after my cheek muscles start to ache from holding a perpetual cheery smile. I ask a pilot "Going west?" and he answers "Yup." He consults his employers, and suddenly I am climbing into a Mitsubishi twinjet, courtesy of a gruff Chicago executive named Joseph Salvato, a first-generation Sicilian whose cousin John jokingly calls him "God." We land at Hinsdale, Ill., 17 miles from Chicago...
...executive spends much time talking with officials of other companies, because the tradition of cooperative effort has resulted in a clubby Japanese-industry organization. The prewar zaibatsu cartels of Mitsui, Mitsubishi and Sumitomo were broken up under the U.S. occupation and supposedly have come together again only loosely. But presidents...
...knots. As a further result, the behemoths are plagued with the problem of stopping, which can take up to ten miles. By "slaloming," or steering hard port and then hard starboard, with engines full astern in open water, VLCCs can stop within two miles. Japan's Mitsubishi Heavy Industries is now testing a special parachute that it hopes can cut a tanker's stopping distance by onefourth. But with bigger and bigger tankers (perhaps up to 1,000,000 tons) on the drawing boards, such safeguards may be canceled...