Word: nissan
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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...
While Honda Motor Co. has already begun producing Accords at its plant in Marysville, Ohio, and Nissan Motor Co. will be turning out pickup trucks in Smyrna, Tenn., later this year, Toyota has dragged its feet on U.S. production for a decade. In 1980 it initiated talks with Ford about a joint production arrangement, only to break them off after a year of protracted discussion. Now a decision is being forced upon the company. Next month the agreement under which Japan "voluntarily" limits its auto exports to the U.S. to 1.68 million cars annually is due to expire. With...
...captains of the auto industry specifically" for continuing to support the Reagan Administration's economic program. In an effort to create jobs for union members, he is leading a congressional lobbying effort for a bill that would force the two largest Japanese auto manufacturers, Toyota and Nissan, to build cars...
...right-wing Kach movement. Kahane's followers, many of them American-born, were threatening suicide if they were forced by Israeli authorities to leave the Sinai. As the army moved in, Israel's Defense Minister Ariel Sharon (see box) ordered journalists barred from the entire area. Eli Nissan, head of the Israeli Journalists' Association, called the news blackout "an unprecedented act in Israel...
Today, however, Hiroshima-based Toyo is flourishing. Its 1981 profits reached a record $84.9 million, while sales of $4.9 billion made the firm the world's ninth largest automaker and the third biggest in Japan, behind Toyota and Nissan. About 10% of those sales went to the Ford Motor Co., which buys Toyo parts and cars and has owned 24.4% of the company since...