Word: motoring
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...plane. Under normal conditions, it is easy to fly, no pilot's license is required, and the aircraft does not have to be certified or inspected. (The ultralight grew out of the hang glider and, so far, has been regarded benevolently by the Federal Aviation Administration as a motorized kite.) One of the most popular models, the Weedhopper, costs less than $5,000 in kit form and can be assembled like a Tinkertoy in eight to ten hours. It then can be partly disassembled to be carried on a cartop to the takeoff point. The Weedhopper has a rudder...
...Corporation votes in favor of two disclosure resolutions filed with the General Motors Company and Ford Motor Company--the first times Harvard had ever voted against management in a proxy fight. The resolutions urge GM to disclose its contractual agreements with South Africa and ask both companies to release information on their internal wage and hiring policies, and safety precautions...
Many relatively small unions managed to wring average first-year wage increases of 7% or more from their employers. But the two biggest unions in the study were far more accommodating. Both the International Brotherhood of Teamsters and the Ford Motor Co. members of the United Auto Workers agreed to forgo any wage increases in order to help hold down costs and prevent further layoffs in their recession-squeezed industries. With 335 major wage contracts covering 1.4 million unionized workers coming up for negotiation in the current quarter, a continuation of the wage restraint would be the best evidence that...
...subcontractors scattered across the U.S. Running short of even one crucial component can force the shutdown of an entire assembly or production line at a plant. On the other hand, the costs of buildings and guards for equipment that is not needed can be staggering. For example, at Ford Motor Co., which lost $1.06 billion in 1981 on sales of $38.2 billion, every $1 worth of inventory costs the company an additional 260 a year in overhead expenses. Sums up William J. Harahan, Ford's director of technical planning: "Substantial inventories are just no longer an affordable luxury...
...Japanese have introduced the just-in-time approach to inventory control. This system, which was developed over a ten-year period by Toyota Motor Co., requires suppliers to deliver only enough components to build exactly the number of cars scheduled for production during a given day or week. The autos are then quickly shipped out to the market. The just-in-time system has spread throughout Japanese industry. Factories of YKK, the world's largest zipper manufacturer, have no warehouses at all. Goods are moved immediately from the production line to distributors...