Word: nissan
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...news is good news in Japan these days. Last month Nissan announced a sweeping restructuring with thousands of job cuts, and last week it reported a $3 billion loss, one of the biggest in history. The overwhelming reaction among Japan watchers was...jubilation. These days each time Mitsubishi, NEC or Hitachi announces a plant closing, the Tokyo stock market surges higher. Economists now cheer as banks that once could have bought small countries desperately merge or plead for a white knight (even foreigners are welcome) to save them from insolvency. Behind this seemingly misplaced optimism in Japan's ailing economy...
...Tajiri accumulated insects, especially beetles. Even now, he tells TIME, he is proud of the way he captured beetles, looking under rocks to find them sleeping. "Nobody else thought to do that," he says. The son of a Nissan salesman and a housewife, Tajiri was raised in a Tokyo suburb in the late '60s, before the city crept outward. "As a child, I wanted to be an entomologist. Insects fascinated me. Every new insect was a wonderful mystery. And as I searched for more, I would find more. If I put my hand in a river, I would...
...designers have taken its lessons to heart. Witness this spate of funky, bubbly, environmentally friendly concept cars at recent trade shows. Honda's Fuya-jo, which means "all-night entertainment district," boasts a turntable-like steering wheel and mixer-like dashboard. Also shown: the Norwegian Think electric car; Nissan's Hypermini EV, which goes up to 100 miles on a single battery charge; Honda's fuel-cell prototype FCX. What would Herbie...
...There is very little that is practical about the Volkswagen Beetle. But like the great cars of yore, it has a personality that lets buyers say, "Look at me!" And so dealers haven't been able to keep them in stock. "The new Beetle fails at most categories," says Nissan's Hirshberg. "The only thing it doesn't fail in is drop-dead charm...
...shoulder. Not surprisingly, the first design from Ford that bears Mays' signature is the 2001 Thunderbird, which at a glance looks distinctly like the 1957 model of the same name. Others must agree, given the fleet of nostalgia-tinged new models coming from the likes of Chrysler, Jaguar and Nissan...