Word: motorizer
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America's General Motors Corp. and Japan's Toyota Motor Co. are by far the biggest automakers in their respective countries and produce nearly 25% of the world's automobiles between them. So when the two giant firms signed a $300 million preliminary agreement last week to build a subcompact car in California, GM's U.S. rivals sensed a threat to their business and let out cries of alarm. The loudest came from Lee Iacocca, chairman of Chrysler Corp., which is counting on small cars to help fuel its comeback. Iacocca called the GM-Toyota arrangement...
Japan has been prodding Toyota for some time to begin producing cars in the U.S. to help ease trade tensions between the two countries. The company has been slow to move, although Honda Motor Co. is assembling Accord subcompacts in Ohio, and Nissan Motor Co. will build pickup trucks later this year in Tennessee. Growing protectionist sentiment in the U.S. may have given Toyota a nudge. The new venture will give the company greater access to the U.S. market. Fearing an American clampdown on their autos, the Japanese agreed to limit exports to the U.S. for the past two years...
...proving royally elusive. Photographer Steve Wood, who had spotted Koo and Randy Andy, as the press took to calling the Prince, on their flight to Mustique last fall, never got a shot of the pair. He tried from a chartered yacht, tried heroically while water-skiing behind a motor boat, and tried in jungle stakeouts, where, he admitted dolefully, "the police always found me." Some two dozen other journalists in expensively chartered watercraft also flopped...
...reality, the strike had fizzled out. Despite spot shortages of produce in several areas, the protest did not markedly disrupt commerce. "I don't think anyone missed a loaf of bread, an orange or an apple," said Ed Bacon, president of Louisiana's Motor Transportation Association. Concluded Massachusetts Produce Wholesaler Chris Rodes: "It was a very minor inconvenience." The violence and vandalism that in the end left one person dead and at least 66 others injured dropped sharply last week, and truck traffic levels crept back to normal in most states. By week's end police...
Many operators and their representatives were glad it was over. Said Paul Stalknecht, managing director of the New Jersey Motor Truck Association: "The only plus is that immediate attention has been drawn to the industry's problems. But that is a very minor plus. The image of the industry has been damaged because of the irresponsible actions of a very small body." Indeed, the protest may have set back the lobbying efforts of the International Brotherhood of Teamsters, the American Trucking Associations and other trucking organizations that opposed the strike. "This shutdown has only given truckers a black...