Word: nissan
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Shopping for a new sports car over the summer, David Beverly found plenty of choices, at attractive prices. Hunting for a sexy machine under $40,000, he surveyed vehicles ranging from Detroit's muscle cars to newer models by Audi, BMW and Honda. What really caught his eye was Nissan's sizzling new two-seater, the 350Z. A mortgage banker from Austin, Texas, Beverly loved its specs: a powerful engine, modern design, solid engineering and a price around $36,000, with all the trimmings. After reading raves about the vehicle, he says, "I knew I had to have...
...scheme for all their E.U. employees. On The Waterfront The International Longshore and Warehouse Union went on strike, shutting down all 29 West Coast ports in the U.S. The strike halted $1 billion in revenues per day, hitting Asian Pacific economies especially hard as companies like Toyota and Nissan were forced to stop production or find other ways to ship products to North America. Foes Fall Into Tough Love U.S. Securities and Exchange Commission chairman Harvey Pitt reached a truce with New York attorney general Eliot Spitzer in their battle to look toughest on corporate misdeeds. The two will jointly...
...West Coast after accusing them of staging a slowdown to resist the introduction of much-needed new technologies. Within days, the $300 billion in cargo that each year surges through the 29 Pacific ports had come to a standstill. Some 160 ships loaded with everything from bananas to Nissan 350Zs began stacking up around the harbors of San Diego, Los Angeles, Oakland, Calif., Portland, Ore., and Seattle while idling truck drivers were loaded down with wine, apples and cotton#151;the perishable exports of U.S. farmers and companies needing to sell their goods around the world...
...country has opened up to more foreign investment and brands since the 1997 Asian economic crisis, the auto business has remained devoutly nationalistic?only 1% of the cars sold each year are foreign makes. A GM turnaround could change that, in the same way that Renault's transformation of Nissan showed Japan that foreign partnerships can work...
...sons, proved adept at turning around an entrenched Japanese bureaucracy. Under his direction, Mazda was transformed from a floundering money loser to an automaker with net income of $66 million in its past fiscal year. Analysts hailed Fields as the next Carlos Ghosn--the executive who led Nissan's dramatic turnaround. Fields' bosses at Ford, which owns a controlling stake in Mazda, were so impressed that they handed him a bigger job: turbocharging Ford's troubled Premier Automotive Group (PAG), made up of Aston Martin, Jaguar, Land Rover and Volvo...