Word: plantes
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Dates: during 2000-2009
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...were caught flat-footed with large, fuel-hungry cars, allowing Honda, Nissan and Toyota to swoop in and grab market share. If it happens again, the pain will be shared by Japanese manufacturers. Toyota is planning to ramp up production of its full-size pickup, the Tundra, with a plant under construction in San Antonio, Texas. And Nissan just bet on a line of full-size SUVs and pickups being built at a new factory in Canton, Miss...
...April, while sales of GM's mighty Hummer H2 tanked 25%. Smaller SUVs and crossover models are gaining momentum. "The mix is shifting down, and that's something we haven't seen in quite a while," Girsky says. GM plans to temporarily halt assembly lines at an SUV plant near Oklahoma City, Okla., this week--one of the few times that rising SUV inventories have triggered such a closure. Nonetheless, GM officials insist the company is equipped to handle a spike in demand for more fuel-efficient vehicles. GM aims to build its hybrids on the same assembly lines...
...Business is so good at Pine Hall Brick Co. in Winston-Salem, N.C., that the company raised prices 3% in January--its first increase since 2001 for face brick used in housing--and plans a similar price increase next year. The company is doubling output at its Fairmont, Ga., plant and boosting head count 8%, to 320 workers. "We designed the plant to double capacity over three years," says president Fletcher Steele. "We're way ahead of any schedule that I would have expected...
...pulled the U.S. Postal Service into the black; in Nashville, Tenn. Raising the stamp price only once (from 29¢ to 32¢), he cut 23,000 management jobs, hired more letter carriers and raked in $1 billion in profit. Runyon began his career in 1943 at a Ford plant in Dallas, where he climbed to the post of vice president before leaving in 1980 to become Japanese automaker Nissan's first employee in the U.S. As CEO of its American subsidiary, he built Nissan's first auto plant in the country, at a greenfield site in Smyrna, Tenn. In 1988 Runyon...
ENDED PRODUCTION. OLDSMOBILE, the oldest U.S. automotive brand name; after the last Alero (its only surviving model) rolled off the line at a General Motors plant in Lansing, Mich. A middle-class stalwart of the GM line, with 35.2 million cars made since 1897, Olds lost out in competition with minivans, SUVs and imports in the 1980s. In 2000 GM announced that the line would end after the 2004 Alero...