Word: motor
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Dates: during 1980-1989
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Even in the depths of their current despair, Detroit automakers have shown that they can learn from the competition, including their archrivals in Japan. Japanese inventory-control techniques are being introduced in U.S. plants, as are pared-down corporate staffs and worker-management cooperation programs. Now General Motors Corp. is pushing that process one giant step further, taking to heart the old tactic of joining 'em when you can't beat 'em. Reports out of Tokyo and Detroit last week indicated that GM, America's largest car manufacturer (sales in 1982's first nine months...
Although an auto with both an American and Japanese heritage sounds improbable, it is a direction in which U.S. carmakers have been heading for several years. Chrysler Corp. owns a 15% share of Mitsubishi Motors Corp., Ford Motor Co. has a 25% stake in Toyo Kogyo Co., and GM already holds a 34.2% interest in Isuzu Motors. As one Japanese auto company official put it, GM needs no help in the design and styling of a new model, but it is the Japanese who are really expert at devising an efficient and high-quality production system for small cars...
...1970s. The rear-wheel-drive Chevette, introduced in 1975, is obsolete and overdue for replacement. As a stopgap, GM has been planning to import 200,000 subcompacts made by Isuzu starting next year, and there are tentative plans to bring in up to 80,000 smaller minicars from Suzuki Motor Co. So far, the giant automaker has not announced any change in its intentions...
...Lions played the Washington Redskins in the first round of the N.F.L. playoffs, Detroit sportscasters suggested throwing the football game. "Let's not rile Washington any more," cautioned one radio announcer. "We need a win in Congress more than we need a win for the Lions." The Motor City has got neither. With unemployment at 20% overall, and nearly 35% for blacks, Mayor Coleman Young last month declared a "hunger emergency." City agencies estimate that as many as one-third of the city's 1.2 million residents go to bed hungry every night. The Federal Government sent...
Last April Ren Cen's owner, Ford Motor Land Development, announced that it was selling the center for $500 million. But the buyers, Chicago Lawyer Theodore Netzky and two partners, failed to raise money to close the deal and are still looking for investors. The mortgage holders, four insurance companies and Ford Motor Credit Co., are meeting to consider options other than foreclosure...